Latest Exploration And Reserves News

Hot Chili Limited has successfully raised A$14.1 million through a fully subscribed entitlement offer to advance its Costa Fuego copper-gold project in Chile, initiating a critical second phase of diamond drilling at the La Verde discovery.

Mindax Limited reported a cash outflow for Q3 2025, with a focus on securing development partners and raising funds to advance its Mt Forrest Iron Project.

Sayona Mining delivered record lithium production and sales in FY25 but reported a $382 million loss due to asset impairments amid falling lithium prices. The company is poised for transformation with its imminent merger with Piedmont Lithium.

Havilah Resources has unveiled detailed plans for developing two significant copper deposits in South Australia’s Curnamona Province, highlighting robust resource bases and strategic infrastructure advantages.

AIC Mines Limited reported a robust FY25 with $189.6 million revenue and $15 million net profit, securing key contracts and funding for its Eloise expansion and Jericho development.

James Bay Minerals reports robust drill results with high-grade gold intercepts and a 184% landholding increase at its Independence Gold Project in Nevada, while advancing a Scoping Study for near-surface oxide gold development.

Kingston Resources reports impressive high-grade gold and copper intercepts from underground drilling at the Southern Ore Zone of Mineral Hill, reinforcing confidence in its underground mine plan and resource potential.

Kinetiko Energy has completed a $2.2 million placement, supported by directors and major shareholders, to advance its gas exploration and production testing in South Africa’s Mpumalanga Province. Initial production test results are expected in July 2025.

VDM Group Limited faces suspension on the ASX due to a joint venture dispute in Angola, halting exploration activities. The company is pivoting towards new critical minerals projects in Australia to restore trading and investor confidence.

Catalyst Metals Limited is ramping up exploration in the historically underexplored Plutonic Gold Belt, aiming to boost annual gold production from 110,000 to 200,000 ounces. With a robust cash position and a $40 million drilling program underway, the company is poised to unlock significant new resources.

Ten Sixty Four Limited’s latest quarterly report reveals a notable decline in gold output and cash reserves, alongside steady progress on key projects and a pivotal restructuring agreement.

Mount Ridley Mines has completed a 1-for-10 capital consolidation and refreshed its board with experienced new directors, positioning itself for strategic growth amid ongoing portfolio evaluations.