Latest Exploration Sector News

Finder Energy Holdings has outlined ambitious plans to reach a Final Investment Decision by mid-2026 for its KTJ oil development, aiming for first oil production by late 2027 and unlocking over US$1 billion in gross revenues.

Adavale Resources has uncovered significant resource growth potential at its London-Victoria gold deposit through historic data recovery and a new structural geology study, setting the stage for an imminent drilling campaign.

Taiton Resources has received regulatory approval to commence drilling at the Yogi prospect within its Highway Project, targeting promising mineralisation in South Australia’s Gawler Craton. The maiden drill program aims to test a significant gravity anomaly indicative of IOCG or rare earth elements.

Aurumin Limited shareholders and optionholders have overwhelmingly approved a scheme of arrangement for Brightstar Resources to acquire 100% of Aurumin shares, setting the stage for imminent court approval and market suspension.

Aurumin Limited shareholders and optionholders convened on 14 November 2025 to vote on a scheme of arrangement for Brightstar Resources to acquire 100% of Aurumin, with strong proxy support signaling broad approval ahead of final court sanction.

Riedel Resources has contracted Energold Drilling Corp to undertake a 1,100m diamond drilling campaign at its Kingman Gold Project in Arizona, aiming to extend high-grade gold and silver mineralisation and support metallurgical testing.

Bastion Minerals has successfully raised $475,000 through a share placement, backed strongly by existing shareholders and directors, to advance potential acquisitions and exploration activities.

Clara Resources has closed its entitlement offer, raising $366,000, with a significant shortfall now set for placement to sophisticated investors. The company aims to strengthen its capital base amid ongoing market challenges.

The Supreme Court of Western Australia has approved the share and option schemes for Capricorn Metals’ acquisition of Warriedar Resources, setting the stage for a significant consolidation in the gold exploration sector.

Enegex Limited has completed its acquisition of Famien Resources, adding a substantial gold exploration portfolio in Côte D’Ivoire, alongside a $5 million capital raise to support its growth ambitions.

Eagle Mountain Mining has successfully raised $3.56 million through a placement and entitlement issue, aiming to accelerate exploration and business development in its Arizona copper-gold projects.

Auravelle Metals has completed a well-supported $2.5 million placement to fund extensive gold exploration programs across South Australia and Western Australia, setting the stage for a busy drilling season into 2026.