Latest Exploration Activities News

Beach Energy reported a 9% rise in FY25 production to 19.7 million barrels of oil equivalent and a 13% increase in sales revenue to $2 billion, driven by strong basin performances and the Waitsia LNG project. However, a significant $674 million impairment charge due to lower commodity prices and reserves revision at Beharra Springs tempers the upbeat results.

Golden Horse Minerals reported a solid cash position of A$14.955 million for the June quarter, supported by a recent capital raising and plans for an additional $8.1 million raise pending shareholder approval.

QX Resources reported steady progress in its Queensland gold projects and secured a strategic farm-out for its Pilbara iron ore rights, while stepping back from US lithium ventures amid market softness.

Finder Energy has fast-tracked its Kuda Tasi and Jahal (KTJ) oil field development in Timor-Leste through a strategic alliance with SLB, advancing key engineering design by 12 months and targeting a final investment decision in 2026. The company also strengthened its financial position with a $6 million placement, supporting ongoing exploration and development activities across its diverse portfolio.

Alicanto Minerals is actively assessing new copper, gold, and silver projects while preparing for a key summer field program in Sweden, supported by a solid cash position of $2.64 million.

Pancontinental Energy has upgraded its Saturn Complex prospective oil resources to 4 billion barrels net, supported by new basin modelling and seismic studies. The company is advancing environmental assessments and farmout discussions amid encouraging regional exploration activity.

Basin Energy advances exploration with high-grade uranium and polymetallic mineralisation in North Sweden and expands its footprint in Canada’s Athabasca Basin. New assays and strategic partnerships set the stage for next-phase growth.

HyTerra Ltd reports breakthrough drilling results with hydrogen concentrations up to 96% and helium up to 5% at its Nemaha Project in Kansas, prompting a strategic expansion of its exploration program.

GreenTech Metals has revealed substantial gold mineralisation at its Whundo Copper-Gold-Zinc project, boosting the project's economic outlook. The company also defined a large-scale exploration target and initiated a conceptual mine study to explore near-term production options.

Genmin Limited’s latest quarterly cash flow report reveals significant cash outflows and a critical liquidity shortfall, prompting urgent funding measures including new loans and convertible notes.

Somerset Minerals has completed its acquisition of the Coppermine Project in Nunavut, Canada, becoming the region's largest landholder and confirming significant high-grade copper mineralisation through initial exploration.

CuFe Ltd advances its Tennant Creek copper-gold project with a robust Orlando open pit scoping study and promising high-grade iron ore assays from Camp Creek, while exploring funding options to support ongoing development.