Latest Exploration Sector News

Resource Mining Corporation reports promising copper-gold exploration results at its Mpanda project in Tanzania, secures $1 million in loan funding, and gains an option to acquire a 70% stake in a Saudi Arabia joint venture.

Strickland Metals has reported exceptional drilling results from its Rogozna Project in Serbia and Yandal Project in Western Australia, alongside a robust financial footing to support ongoing exploration.

E79 Gold Mines Limited reported a $169,000 net cash outflow from operating activities for the December 2024 quarter, maintaining a solid cash balance of $1.46 million as it continues its exploration efforts.

E79 Gold Mines reports exceptional copper, gold, and bismuth assay results from its Mountain Home Project and gains Northern Territory government approval to commence drilling in 2025.

Belararox Limited has validated the presence of a copper porphyry system at its Malambo prospect in Argentina through recent geophysical surveys, setting the stage for an imminent drilling campaign.

Torque Metals and Aston Minerals have announced a merger to create a diversified gold-focused explorer with combined resources of 1.75 million ounces, enhancing exploration potential across premier gold provinces in Australia and Canada.

Torque Metals and Aston Minerals have agreed to merge, creating a gold exploration entity with 1.75 million ounces of gold resources across premier projects in Western Australia and Ontario, Canada. The all-scrip deal positions the combined company for accelerated growth with a strong cash base and refreshed leadership.

Great Southern Mining has launched a fresh drilling campaign at its 100% owned Duketon Gold Project, targeting the promising Golden Boulder prospect with the aim to build on prior high-grade results.

Sagalio Energy Limited reported a net cash outflow of USD 79,000 in Q4 2024, ending the quarter with only USD 42,000 in cash and limited financing facilities. The company’s funding runway now stands at just over two quarters, raising questions about its near-term financial strategy.

Trinex Minerals has made significant progress at its Dudley Lithium Project on Kangaroo Island, securing key landowner agreements and completing a large soil sampling program that revealed multiple lithium anomalies. The company plans to commence drilling in March 2025, marking a pivotal step in its exploration strategy.

Discovery Alaska Limited is actively assessing new project opportunities and reviewing strategies for its key Alaskan gold assets, while maintaining cautious financial management with limited cash reserves.

FMR Resources has secured GroundTruth Drilling to commence a 1,500m RC drilling campaign at its Fairfield Copper Project in New Brunswick, targeting high-grade copper-silver zones and new anomalies identified by airborne EM surveys.