Latest Gold Exploration And Development News

Kingston Resources has closed its $8.47 million entitlement offer, raising less than half the targeted shares and leaving a substantial shortfall to be allocated by underwriters.

Ballard Mining’s June quarter at Mt Ida delivers promising high-grade gold intercepts and new discoveries, underpinning a robust resource growth strategy backed by a solid cash position.

PC Gold has significantly expanded its Spring Hill gold resource to 1.51 million ounces, unveiling a new high-grade Link Zone that could underpin a long-life mining operation in the Northern Territory.

Pacgold's latest drilling at the Vertigo deposit uncovers strong shallow oxide gold mineralisation, accelerating plans to restart mining at White Dam. An updated resource estimate is due early Q3 2026.

Everest Metals has obtained a critical mining lease for its Revere Gold Project in WA, marking a major step from exploration to development with a 260,780-ounce maiden resource and ongoing approvals.

Pilbara Gold is pushing ahead with a major 50,000m drilling campaign at its 2.1Moz Mt York Gold Project, targeting resource expansion at depth and along strike. Meanwhile, drilling has resumed at the Roe Hills Project after an eight-year break, aiming to define a maiden resource.

High-Tech Metals has wrapped up a 41-hole drilling campaign at Mt Fisher, confirming mineralisation continuity beneath the historical pit and defining clear targets for further resource growth. An updated Mineral Resource Estimate and pit optimisation are due in August, setting the stage for Phase 2 drilling.

Toubani Resources (ASX: TRE) has launched the retail tranche of its fully underwritten A$70 million entitlement offer at A$0.30 per share, following a successful institutional raise, to fund the Kobada Gold Mine’s construction and exploration.

Rokeby Resources (ASX:RKB) has completed its acquisition of the Omeo Gold Project, gaining full ownership of a historically rich gold asset in Victoria. The company has already commenced a diamond drilling program at the high-grade Sunnyside deposit, aiming to upgrade and expand the resource.

Toubani Resources has completed its acquisition of a near 20% equity interest in Avanti Gold by issuing shares and options, extending its footprint beyond Mali into the Democratic Republic of Congo gold sector.

PC Gold has settled the purchase of a 64-room accommodation camp near its Spring Hill Gold Project, cutting capital costs and enabling faster operational ramp-up. The company also announced a 500,000 performance rights issue to align employee incentives with key project milestones.

Wia Gold advances its Kokoseb Gold Project with strong drilling results revealing new underground targets, a $92 million capital raise, and ongoing feasibility study progress.