Latest Exploration And Development News

Sun Silver Limited has confirmed a significant northern extension of mineralisation at its Maverick Springs Project, with drill-hole MR25-212 intercepting 54.1m at 137g/t silver equivalent, including a standout 6.25m at 506g/t AgEq. This reinforces the project's potential for resource growth in one of Nevada's premier silver-gold deposits.

Westgold Resources reports a significant 24% increase in gold Mineral Resources to 16.3 million ounces and a 5% rise in Ore Reserves to 3.5 million ounces, underpinning a decade-long Reserve life with robust milling capacity.

Ardea Resources’ subsidiary Kalgoorlie Nickel Pty Ltd has formalised a Heritage Agreement with the Marlinyu Ghoorlie Native Title Claimant Group, paving the way for responsible development of the Goongarrie Hub Project in Western Australia.

CZR Resources has satisfied all conditions precedent for the sale of its Robe Mesa Iron Ore Project, with completion set for 9 September 2025. This milestone marks a significant cash inflow for the company.

Lincoln Minerals has successfully raised $2.25 million through a renounceable entitlement issue and follow-on placement, positioning the company to advance key exploration projects in South Australia’s critical minerals sector.

Future Battery Minerals Ltd has reported impressive Phase 1 drilling results at its Miriam Project in Western Australia, revealing thick, high-grade gold intercepts at the Forrest prospect that exceed expectations and open new exploration avenues.

Power Minerals has initiated leach testing on high-grade rare earth element samples from its Santa Anna Project in Brazil, aiming to unlock processing pathways and confirm resource potential. Results expected this month will guide further drilling and resource estimation.

Sunshine Metals has initiated a 14-hole diamond drilling campaign at its Sybil Epithermal Gold Project, targeting key high-grade veins at Francis Creek. This marks a significant step in unlocking the potential of a largely underexplored gold system analogous to the nearby Pajingo mine.

Castle Minerals has initiated a focused auger drilling campaign at its Kandia Gold Project in Ghana, aiming to extend known mineralised zones and explore new targets identified through advanced aeromagnetic data. The company also plans a similar campaign at Kpali and is pursuing a strategic acquisition in Côte d’Ivoire to broaden its West African footprint.

My Foodie Box Limited is set to pivot from meal kits to mining by acquiring Australian gold, copper, and rare earth projects, renaming itself Tarrina Resources, and relisting on the ASX with a $5 million capital raise.

PT Aneka Tambang Tbk (ANTAM) posted a 7% increase in sales to Rp23.19 trillion in the first half of 2024, driven by strong domestic gold sales, and reported a net profit of Rp1.51 trillion. The company also completed significant divestments, retaining control of SDA while divesting majority ownership in FHT.

Lion Selection Group has committed $1 million to Sunshine Metals, increasing its stake to 9.2% as Sunshine advances promising high-grade gold projects in North Queensland.