Latest Geophysical Anomalies News

Augustus Minerals has completed the acquisition of Music Well Gold Mines, gaining control of a significant gold project near Leonora, Western Australia, and reported promising high-grade gold and molybdenum exploration results in its latest quarterly update.

Coda Minerals has significantly enhanced the economic outlook of its Elizabeth Creek Copper-Cobalt Project, with a pre-tax NPV7 rising to $1.18 billion and a post-tax NPV7 increase of 57% to $802 million. The company also secured $5.1 million in fresh capital to accelerate exploration and drilling activities in 2025.

Venus Metals Corporation reports compelling gold assay results from its Henderson and Sandstone projects, alongside advancing mining lease applications and maintaining a robust cash position of $12.4 million.

Nimy Resources advances its Mons Project with significant high-grade copper and gallium mineralisation confirmed at Masson and Block 3 East prospects, supported by a successful capital raise and a CSIRO research grant.

G11 Resources reports significant copper-rich massive sulphide intersections at its Peveril-Grasmere project, confirming a mineralised zone extending over 1km strike and 500m depth. The company is also advancing strategic reviews for acquisitions complementary to its Koonenberry Project.

Constellation Resources reports promising drill results at its newly acquired Ularring Copper Gold Project and significantly expands its natural hydrogen exploration acreage in Western Australia, partnering with CSIRO to enhance prospectivity studies.

Red Mountain Mining reports compelling exploration results at its Fry Lake Gold Project in Canada, alongside promising developments in Australia and a successful capital raise exceeding $700,000.

Inca Minerals Limited reported steady progress in its December 2024 quarterly activities, focusing on refining exploration targets and securing funding while navigating regulatory and operational challenges.

Carawine Resources releases an amended December 2024 quarterly report highlighting exploration progress in the Paterson province and ongoing legal proceedings over a compulsory acquisition by major shareholder QGold.

Coda Minerals is set to launch a high-impact drilling campaign at its Emmie East prospect in February 2025, aiming to significantly expand the Emmie Bluff copper-cobalt-silver resource. Early results are expected within weeks, potentially reshaping the company’s resource base.

Estrella Resources has reported significant manganese discoveries in Timor-Leste, highlighted by exceptional rock chip assays and promising geophysical survey results. The company is advancing towards its first drilling campaign, backed by recent capital raising.

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.