Latest Exploration Licence News

iTech Minerals has identified significant new mineralisation zones at its Reynolds Range project in the Northern Territory, including high-grade antimony, gold, and copper, with drilling planned for late 2025 to test these promising targets.

Resource Minerals International Ltd has acquired a 50% interest in a Saudi Arabian joint venture, gaining access to the highly prospective Shaib Marqan gold and base metals exploration licence. This move positions RMI to leverage Saudi Arabia’s expanding mining sector under Vision 2030 reforms.

Connected Minerals has kicked off its Phase 2 reverse circulation drilling at the Ondapanda Prospect within Namibia’s Etango North-East Uranium Project, building on promising Phase 1 results that revealed multiple economic-grade uranium intersections.

Torque Metals has reported a significant high-grade gold intercept extending mineralisation beyond the current Paris Gold Project resource boundary, supported by advanced geophysical surveys.

Artemis Resources has secured a key exploration licence covering the Cassowary Intrusion, setting the stage for geophysical surveys and drilling targeting large copper-gold deposits in Western Australia.

MinRex Resources’ recent drilling at the Fraser Range Project in Western Australia reveals promising rare earth and titanium mineralisation, despite no copper-gold discoveries. The company now faces a pivotal decision on advancing its stake in the project.

WIN Metals has identified a significant 500-metre gold mineralisation trend at its Ruby Queen North prospect within the Butchers Creek Gold Project, advancing its pipeline of drill-ready targets. Rock chip samples returned grades up to 5.16g/t gold, reinforcing the project's exploration potential.

Petratherm Limited advances its Rosewood Titanium Project with the appointment of a seasoned project development head and an increased stake in a key joint venture, alongside promising metallurgical test results.

Narryer Metals has formalised a joint venture with Petratherm Limited after the latter met its earn-in commitments, aiming to accelerate exploration at the promising Muckanippie Project in South Australia.

Rapid Critical Metals has secured a major exploration licence in New South Wales, expanding its landholding 26-fold and strengthening its position in a prolific silver district. This move connects its Webbs Silver Project with Lode Resources’ assets, setting the stage for new discoveries.

DMC Mining Limited has withdrawn its August 2024 prospectus due to delays in securing exploration licences in Guinea, but remains committed to its critical minerals projects and plans a replacement prospectus once licences are granted.

AJ Lucas Group’s UK arm Cuadrilla Resources has settled a long-standing dispute over shale gas licences, receiving £12.5 million and terminating the carry agreement. This resolution clears a financial uncertainty clouding the company’s UK operations.