Latest Exploration Strategy News

IGO Limited has announced its withdrawal from the Fraser Range Joint Venture, leaving Carawine Resources with a critical decision on the remaining tenement. Meanwhile, Carawine updates on a key legal battle over a compulsory acquisition by major shareholder QGold.

Bastion Minerals has successfully placed the entire shortfall from its recent entitlement offer, raising $263,530 and underscoring strong shareholder support for its exploration strategy.

Australian Rare Earths Limited (ASX, AR3) has acquired exploration license EL6895, adding 972 km² to its Overland Uranium Project and uncovering significant near-surface uranium potential from historic data. Drilling is set to resume in July 2025 to test this promising new target alongside existing deeper uranium prospects.

Ragnar Metals has significantly expanded its exploration footprint in Southern Sweden, revealing promising Iron Oxide Copper Gold (IOCG)-style mineralisation through initial sampling at multiple prospects.

G50 Corp’s latest drilling results confirm a significant new gold, silver, and zinc mineralized zone at its Golconda Project in Arizona, alongside promising gallium grades that could position the project as a strategic metals supplier.

Litchfield Minerals reports promising early exploration results at its Lucy Creek 2 manganese prospect, revealing high-grade manganese and elevated base metals indicative of a hydrothermal system. Concurrently, refined exploration at Oonagalabi targets gold-bismuth mineralisation with government-backed drilling planned.

Belararox Limited is set to begin drilling four priority copper targets in its Kalahari Copper Project this August, following extensive geological and geophysical surveys. The move marks a significant step forward in exploring a highly prospective region of the Kalahari Copper Belt.

Zenith Minerals has successfully raised A$3.5 million through a fully underwritten rights issue, positioning the company to fast-track exploration and resource growth at its key gold projects in Western Australia and Queensland.

Blackstone Minerals has launched a $2 million Share Purchase Plan at a 9% discount, running alongside a $22.6 million placement to institutional investors. Eligible shareholders in Australia and New Zealand can buy shares up to $30,000, supporting the company’s Mankayan Copper-Gold Project expansion.

Iltani Resources has reported updated diamond drilling results confirming high-grade silver-indium mineralisation at its Orient West project, setting the stage for a JORC-compliant resource estimate by July 2025.

Blackstone Minerals has revealed significant surface copper and gold mineralisation adjacent to its flagship Mankayan project in the Philippines, setting the stage for expanded exploration and development.

Winsome Resources has resumed targeted exploration for high-grade cesium mineralisation at its Sirmac-Clapier Project in Quebec, aiming to define drill targets following promising 2024 results.