Latest Resource Exploration News

Daly Resources has posted a $352,743 loss for FY2025 amid aggressive expansion of its exploration portfolio, including the acquisition of the Huckitta and North Batten projects. The company is gearing up for a $10 million IPO in 2026 to fund its base metals and fluorite exploration ambitions.

Kingston Resources secures $12.9 million through placement and entitlement offer to fund a 25,000m drilling program and plant expansion at its Mineral Hill polymetallic mine, bolstering cash reserves to $32.3 million ahead of a planned operational restart.

Platina Resources has completed its acquisition of the Mt Morgans South Project from Genesis Minerals, adding 18 tenements in a prolific gold district and setting the stage for a focused exploration campaign.

Aureka Limited has boosted its global JORC gold resource by 26% to 455,000 ounces, driven by a 30% increase at its flagship Irvine Gold Project in Victoria’s Stawell Corridor. The upgrade reflects enhanced geological modelling and successful diamond drilling since early 2025.

Resources & Energy Group (ASX:REZ) has locked in a binding term sheet with Rembrandt Mining to kickstart gold production at its Maranoa deposit, preserving full ownership while shifting capital risk to Rembrandt and capturing enhanced profit shares at higher gold prices.

European Resources has significantly expanded the exploration potential at its Korsnäs rare earth project in Finland, increasing the Exploration Target by up to 190% to between 18 and 32 million tonnes at 0.8% to 1.0% TREO. This growth follows new passive seismic survey results and geological modelling extending mineralisation down to -400 m RL.

Viking Mines has achieved a significant metallurgical breakthrough at its Linka Tungsten Project, boosting recovery to 76.0% with a 56.9% WO3 concentrate grade, surpassing previous targets and reinforcing a low-capex processing approach ahead of maiden drilling.

Ozz Resources aims to raise up to AUD 5 million through a public offer to fund the acquisition of Sulphide Minerals and exploration of the Bedaburra Project, pending ASX re-admission and shareholder approval.

Aureka Limited's latest high-resolution drone magnetic survey over its Irvine Gold Project has unveiled several new high-priority exploration targets, with ongoing diamond drilling aimed at expanding its 304koz JORC resource. The engagement of renowned geologist Dr Barry Murphy signals a strategic push to decode the project's complex structural geology.

Stavely Minerals has issued its Tranche 2 placement shares following shareholder approval, with key investors increasing stakes. The company eyes a mid-year scoping study and imminent diamond drilling at promising copper-gold-silver and gold prospects.

Bison Resources has appointed Tim Mackellar as CEO, leveraging his senior mining and capital markets experience to drive exploration and development efforts.

Pacific Resources (ASX: PXR) has secured full ownership of the Snowstorm Project in Victoria’s Eastern Goldfields for $400,000, gaining access to high-grade gold mineralisation and an approved underground bulk sampling program.