Latest Gold Exploration And Development News

GBM Resources has extended gold mineralisation beyond the existing 1Moz Twin Hills resource, including an 18-metre intersection grading 12.01g/t gold. Early flotation tests returned recoveries of up to 99%, while the company held $23.3 million in cash and no debt at quarter end.

Odyssey Gold has outlined a potential 79,000-ounce first-stage development at Tuckanarra, backed by a 451,000-ounce resource and fresh high-grade drilling. The project’s path to production remains conditional, however, with the replacement toll milling agreement unresolved and only A$3.027 million in cash.

Reach Resources has moved its Murchison South project closer to mining after Andel exercised its option over the Blue Heaven tenement, while grade-control drilling returned shallow, high-grade gold. The proposed development remains conditional on regulatory, environmental and commercial milestones.

PC Gold has identified 37 exploration targets outside the Spring Hill resource after consolidating 40 years of historical data, including nine Tier 1 prospects scheduled for drilling. Newly recovered channel results may also contribute to the planned December 2026 resource update, although most historical results remain unverified.

Ordell Minerals has reported broad, shallow gold intersections at McNabs East, with the results expected to support a maiden Mineral Resource Estimate in the December 2026 quarter. Deeper drilling is also extending mineralisation, while the company advances technical work on a potential Barimaia development opportunity.

High-Tech Metals has entered the December quarter with a 47% increase in the Mt Fisher Mineral Resource, $8.9 million in cash and a Wagtail development study approaching completion. The company now faces the harder test of converting resource growth into a credible production pathway.

Asara Resources has lifted the Kada Gold Project’s Mineral Resource by 125% to 2.08 million ounces, with Indicated Resources now accounting for 1.27 million ounces. The Guinea-focused explorer is directing its next phase towards a Definitive Feasibility Study while continuing resource conversion drilling and expanding its regional ground position.

OzAurum Resources has recorded 95% gold recovery in an independent heap leach column test on paleochannel material at Mulgabbie North. The result strengthens the case for a lower-capital processing route, but fresh rock testing remains the crucial next test because it contains most of the project’s resource ounces.

First Au has spent the September quarter assembling a broader Western Australian gold portfolio, completing Riverina East, advancing First Hit drilling and pursuing a recommended takeover of Javelin Minerals. The expansion comes with $1.4 million in cash, multiple conditional transactions and assay results still pending.

Pilbara Gold’s latest drilling has extended broad gold mineralisation as much as 200 metres below parts of its 2.1Moz Mt York resource, strengthening the case for an updated estimate ahead of a prefeasibility study. Roe Hills has also produced wide, high-grade hits, but both growth stories still depend on further drilling, assays and resource modelling.

Ore Resources has converted its Miriam drilling campaign into a 153,200-ounce JORC Mineral Resource, with most ounces shallow and Forrest still open along strike and at depth. A separate conceptual Exploration Target points to a further 200,000 to 400,000 ounces, but remains unconverted exploration potential.

Global Gold Mining has reported flotation recoveries of up to 91.4% from laboratory testwork at its Sturec Gold Project in Slovakia, while ongoing drilling supplies data for the project’s pre-feasibility study. The company ended September with $6.134 million in cash after quarterly operating and investing outflows of $1.547 million.