Latest Surface Sampling News

Chilwa Minerals’ Phase I drilling at Mpyupyu West has confirmed a continuous, free-dig saprolite mineralisation from surface across a 17 km² target, advancing the company’s largest heavy mineral sands prospect in Malawi.

Killi Resources has kicked off a major drilling campaign at its Lodestone Iron Ore Project, aiming to grow and upgrade its 110Mt resource of high-purity magnetite expected to command a price premium.

St Barbara Limited is ramping up its gold exploration in Nova Scotia, increasing its FY27 budget by 64% and doubling its exploration team to accelerate resource growth near the 15-Mile Processing Hub.

FMR Resources has boosted exploration confidence at its Los Warbos Project in Chile following a detailed helicopter magnetic and radiometric survey, alongside rock chip sampling that returned significant copper and silver grades.

ActivEX Limited has identified multiple high-grade gold, silver, and base metal targets from surface rock sampling at its Georgetown Project in Queensland, revealing promising prospects for further exploration.

Iceni Gold Limited has secured $700,000 through a placement supported by strategic investor Gold Fields, which now holds about 9.5% of the company. The funds will accelerate exploration at key prospects within its 14 Mile Well Gold Project in Western Australia.

Somerset Minerals reports standout surface rock chip assays from its Coppermine Project in Nunavut, with peak copper grades hitting 46.3% at Skye and 36.4% at Talisker, underpinning a district-scale opportunity as maiden drilling advances.

Daly Resources is aggressively advancing exploration across its 6,451 km² Northern Territory portfolio, highlighting ultra-high-grade fluorite at Huckitta and promising sediment-hosted copper-zinc targets with government-backed geophysical surveys underway.

LE Minerals (ASX:LEL) reported a strong $60.4 million cash reserve as it progresses a $20 million sale and spin-out of its Queensland graphite assets to M Battery Materials. Meanwhile, exploration at its Capricorn Gold-Copper Belt and White Plains Lithium projects continues with mixed early results.

Strike Resources is progressing the sale of a 28.52% indirect stake in its high-grade Apurímac Iron Ore Project for A$5.5 million, while advancing exploration programs and preparing for potential small-scale mining under Peru’s artisanal regime. The company also holds a 27.7% interest in LE Minerals, which is spinning out its Graphite Projects via an IPO.

Stelar Metals has fast-tracked exploration at its newly acquired Hill of Leaders Tungsten Project in the Northern Territory, reporting multiple high-grade tungsten assays exceeding 1% WO₃ and preparing for its maiden Reverse Circulation drilling campaign.

Arika Resources has locked in strong assay results extending gold mineralisation at Yundamindra and commenced drilling at Kookynie, backed by full project ownership and a $6.55 million placement.