Latest Minerals Exploration News

The court has approved the merger scheme between Aston Minerals and Torque Metals, making it legally effective and suspending Aston’s trading. Shareholders will soon receive Torque shares in exchange for their Aston holdings.

Korab Resources has successfully renewed its Exploration Licence EL31341, extending its tenure at the mineral-rich Rum Jungle Project near Batchelor, Northern Territory. This renewal underpins ongoing exploration efforts in a highly prospective region.

Asara Resources assures investors its Kada Gold Project permits remain intact despite Guinea’s recent revocation of over 120 exploration permits. Drilling has already commenced, signaling continued progress.

Locksley Resources has secured $1.47 million through a heavily subscribed placement to fund a critical minerals exploration campaign at its Mojave Project in California, targeting rare earth elements and antimony.

Ballymore Resources has won $400,000 in Queensland government grants to accelerate exploration at its Dittmer Project, targeting significant copper-gold porphyry systems beneath historic mines.

Battery Age Minerals has completed extensive exploration at its El Aguila Gold-Silver Project in Argentina, confirming free-milling gold and preparing for maiden drilling in the third quarter of 2025.

Indiana Resources is making steady progress at its Minos gold deposit in South Australia, with over half of its planned drilling completed and a scoping study underway to support a maiden resource estimate.

Tambourah Metals Ltd is set to raise nearly $1 million through a placement and entitlement offer to fund drilling at its Beatty Park Gold and Speewah North projects. The capital raise includes shares priced at a discount and attached options, aiming to strengthen exploration efforts.

M3 Mining Limited has abandoned its energy sector acquisition plans, selling its M3 Energy subsidiary to Jerboa Energy Ltd and recommitting to its core mineral exploration projects.

ALS Limited reported a 16% revenue increase to nearly $3 billion in FY2025, driven by acquisitions and organic growth, while underlying net profit after tax dipped slightly. The company announced a $350 million equity raise to fund expansion and sustainability initiatives.

Norwest Minerals has successfully closed a $4.85 million entitlement offer, positioning itself to advance exploration and drilling at its Bulgera gold project. The capital raise aims to unlock the potential of a 218,000-ounce gold resource.

Surefire Resources NL has announced a non-renounceable pro-rata entitlement offer to raise approximately $3.88 million, including free attaching bonus shares and options, aimed at advancing its key gold and copper projects in Western Australia.