Latest Soil Sampling News

Gold Mountain has secured a 12-month exclusive right to acquire the historical Malhada do Angico tungsten mine in northeast Brazil, for staged consideration of up to R$3 million. The opportunity comes with encouraging but non-representative grab samples, pending approvals and a drilling program still awaiting permits.

Mamba Exploration has secured a $6.0 million placement, attracted a $500,000 investment from New Murchison Gold and added former Westgold founder Peter Cook as a strategic adviser. The funding will support drilling at Meeka East and a staged earn-in over the early-stage Poison Hills project, where selective rock chips returned high silver, gold, copper and lead grades.

First Au will acquire six exploration licences in Western Australia’s Ora Banda district for A$150,000 upfront, with a further A$500,000 deferred at the seller’s discretion. The deal expands its Riverina tenure but comes with a A$250,000 drilling commitment and remains subject to completion conditions.

Xpedra Resources has made Springfield the centrepiece of a sharp shift into New South Wales gold exploration, with drilling outlining broad mineralisation across 400 metres of strike and to at least 150 metres down-dip. The results came alongside a $7.53 million annual loss, $3.09 million in cash and a fresh 44 million-share acquisition of the Neeld Gold Project.

Desert Metals expanded its Côte d’Ivoire exploration portfolio during FY2026, with high-grade results at King Kong and Tiogo and a new 7km Nyan gold corridor. The operational progress sits alongside a sharp fall in cash to A$409,355 and an auditor warning that further funding is critical to continuing as a going concern.

Kingsland Minerals has advanced its flagship Leliyn Graphite Project into pre-feasibility, backed by high-grade drilling, gallium testwork and a A$2.16 million capital raising. But the ASX-listed explorer finished FY2026 with only A$458,032 in cash and remains dependent on further funding.

Recharge Metals ended FY2026 with $5.61 million in cash after a $5.97 million capital raise and the acquisition of the Sunset Well gold project. The explorer now faces a sharper test: whether drilling can turn Prospero’s 94,500-ounce inferred resource and its broader exploration portfolio into something more substantial.

Middle Island Resources has outlined a much larger Serbian exploration portfolio after acquiring Konstantin Resources, with Bobija emerging as a broad shallow gold-silver polymetallic system. But the ASX explorer also reported a $3.35 million loss, $2.39 million in cash and an auditor-flagged material uncertainty over its ability to continue without further capital.

Odessa Minerals has expanded its Western Australian exploration targets and ended FY2026 with $3.66 million in cash, but its annual loss nearly doubled as equity-based payments increased. The company is now preparing a maiden 10,000-metre air-core program while remaining dependent on future funding and exploration success.

Killi Resources has emerged from FY2026 with $14.68 million in cash and a far larger strategic ambition, centred on its proposed 80% acquisition of the Lodestone Iron Ore Project. The company remains loss-making and the transaction was still conditional at year-end, but a 20,000-metre drilling campaign is now targeting rapid resource growth.

Regener8 Resources has identified three large, coherent silver-lead-zinc-antimony soil anomalies at its Srebrenica North project in Bosnia and Herzegovina. The results give the explorer a sharper target ahead of follow-up geophysics and potential drilling, although the project remains at an early exploration stage.

Reedy Lagoon is relying on shareholder approval for a $1.8 million underwritten placement after ending the year with $44,416 in cash and a material uncertainty over its ability to continue as a going concern. The recapitalisation would fund exploration, but comes with substantial dilution and a staged repayment of related-party debt.