Latest Exploration And Development News

Lodestar Minerals has agreed to acquire a major heavy rare earth element project in Arizona, positioning itself near the US's only active rare earth mine amid tightening Chinese export controls. The $3.25 million placement backs immediate exploration plans.

Terra Metals has released its first Mineral Resource Estimate for the Dante Project, revealing substantial polymetallic deposits and a new thick reef discovery, backed by a $15 million capital raise to accelerate exploration.

TMK Energy has successfully drilled and commissioned its LF-07 pilot well, boosting gas production at its Gurvantes XXXV Coal Seam Gas project in Mongolia. The company also secured $3.5 million in oversubscribed funding and formed a strategic alliance to advance development plans.

Kaili Resources has responded to ASX inquiries regarding delays in confirming rare earth element assay results from recent drilling, reaffirming compliance with disclosure rules and explaining procedural factors behind the timing.

Mt Malcolm Mines NL has announced a $2.3 million renounceable rights issue priced at 1.5 cents per share, aiming to fund exploration and development at its Malcolm Gold Project while strengthening its financial position.

FireFly Metals has reported a major breakthrough at its Green Bay Copper-Gold Project in Canada, revealing an extensive 800-metre-long core of exceptionally high-grade mineralisation. This discovery is set to significantly influence the upcoming Mineral Resource Estimate and economic assessments.

Arcadia Minerals has entered a binding farm-in agreement with Kaoko Metals to accelerate exploration at the Karibib Copper-Gold Project in Namibia, unlocking immediate value and long-term upside without diluting shareholders.

First Au Limited has struck a deal granting AustChina Holdings an exclusive 19-month option to acquire its Eastern Victorian Goldfield Project, unlocking value from a non-core asset while sharpening focus on its African and Western Australian ventures.

Scorpion Minerals Limited has requested a voluntary suspension of its ASX-listed securities pending critical announcements on assay results, a tenement application, a strategic partnership, and financing developments.

Aurum Resources has reported exceptional high-grade gold intercepts at its Boundiali Gold Project in Côte d’Ivoire, including a standout 0.8m at 350 g/t gold. The company is accelerating exploration with an expanded drilling fleet and preparing major resource updates and a Pre-Feasibility Study for early 2026.

Prospect Resources reports significant progress at its Mumbezhi Copper Project, with Phase 2 drilling nearing completion and metallurgical tests confirming robust processing potential. Updated resource estimates are expected by late Q4 2025.

Ausgold Limited has launched a major multi-rig drilling campaign at its Katanning Gold Project, aiming to grow its 2.44 million ounce gold resource and unlock new regional discoveries ahead of a mid-2026 investment decision.