Latest Electromagnetic Surveying News

Chalice Mining reports a robust cash position of approximately $90 million and no debt as it progresses the Gonneville Project towards a targeted Final Investment Decision in 2027. The appointment of Dan Brearley as COO signals strengthened operational leadership amid ongoing metallurgical testwork and exploration activities.

TechGen Metals has identified significant bedrock conductors and magnetic features at its Blue Devil Project in Western Australia through its maiden airborne electromagnetic survey, spotlighting promising copper and gold exploration targets.

AuMEGA Metals has unveiled a fully funded, expansive 2025 exploration program focused on its high-potential Bunker Hill project, aiming to unlock significant value through extensive drilling campaigns across Newfoundland.

Lucapa Diamond Company has identified two significant conductive base metal targets at its Merlin Diamond Project in the Northern Territory, marking a major milestone after 25 years without geophysical surveys. These targets lie just 50km from the world-class McArthur River zinc-lead mine, suggesting strong exploration potential.

Terrain Minerals has commenced reverse circulation drilling at its Lort River Project in Western Australia, targeting high-priority Vtem bedrock sulphide conductors that mirror the geology of IGO's Nova-Bollinger nickel-copper mine. Results are expected in early March 2025.

True North Copper has successfully completed a $53.44 million capital raising and debt restructuring, exiting voluntary administration and securing ASX reinstatement. The company shifts focus to exploration at Mt Oxide and Cloncurry, retracting prior production plans for the next 12 months.