Latest Gold And Base Metals Exploration News

The Federal Court has approved QGold’s compulsory acquisition of Carawine Resources’ remaining shares at 11 cents each, setting the stage for Carawine’s imminent ASX suspension and delisting.

Strickland Metals reports strong drilling results at its Gradina Deposit within Serbia’s Rogozna Project, setting the stage for a maiden Mineral Resource Estimate later this year. The deposit continues to grow with significant gold and zinc intercepts, supported by robust funding and active drilling.

S2 Resources has significantly expanded its Jillewarra project area over a highly prospective gold shear zone and completed drilling at West Murchison, with assay results pending. Meanwhile, Glenlogan assays returned no significant mineralisation.

QMines Limited has raised $7.5 million through a strongly supported placement to accelerate exploration at its Mt Mackenzie, Mt Chalmers, and Develin Creek projects, positioning the company for growth in gold and base metals.

Resolution Minerals has secured US Forest Service approval to extend and expand its drilling program at the Horse Heaven project in Idaho, doubling planned holes and increasing land holdings by 600 acres.

S2 Resources is set to begin diamond drilling within weeks at its Warraweena project in northern New South Wales, following promising historical drill results and an ongoing gravity survey extension. The project targets multiple mineralisation styles, including gold, copper, nickel, and base metals.

My Foodie Box Limited, soon to be Tarrina Resources Limited, is pivoting from meal kits to mineral exploration by acquiring promising gold and base metal projects and raising $5 million to fund exploration.

Metal Bank Limited (ASX – MBK) has announced a partially underwritten entitlement offer aiming to raise $2.32 million to fast-track its Western Australia gold projects and explore graphite potential in Queensland. The offer, priced at $0.014 per share, is supported by Equator Capital Management Ltd and targets existing shareholders.

CZR Resources has completed a $75 million cash sale of its Robe Mesa iron ore asset, leaving it debt-free and well-funded for aggressive exploration. The company is gearing up for drilling programs across its gold, copper-zinc-silver, and iron ore projects in Western Australia.

Patronus Resources (ASX, PTN) reveals a robust financial position with $70 million in cash and investments against a market cap near $100 million, underpinned by 2.3 million ounces gold equivalent resources in Tier-1 Australian jurisdictions. The company’s active exploration and strategic acquisitions signal promising growth ahead.

Bastion Minerals has appointed seasoned geologist Ray Muskett to its board and secured shareholder approval to issue up to 750 million new shares, positioning the company for an accelerated exploration phase.

OZZ Resources Limited has provided a detailed update to ASX on its prolonged voluntary suspension, citing procedural delays in Zimbabwe and a pending joint venture at its Maguires Reward Project. The company outlines exploration activities, expenditure, and plans to resume trading.