Latest Australian Gold Sector News

Forrestania Resources has completed diamond drilling at its Lady Lila project and initiated drilling at British Hill, marking key steps in its strategy to build a multi-asset gold portfolio in Western Australia.

Resources & Energy Group Limited (ASX, REZ) has initiated reverse circulation drilling at its East Menzies Gold Project, aiming to expand known gold mineralisation and explore new targets at Gigante Grande and Goodenough deposits.

Alicanto Minerals has won shareholder approval to acquire the Mt Henry Gold Project in Western Australia, unlocking a 915,000oz gold resource and appointing Jeff Sansom as CEO to spearhead growth.

Dart Mining has declared a substantial Exploration Target at its Triumph Gold Project, alongside promising high-grade assay results from its Coonambula Antimony-Gold Project and an expanded gold zone at New Constitution.

Great Boulder Resources has hit a major milestone with a 1.02 million ounce gold resource at its Side Well project, backed by a record 34,000 metres of drilling in the December quarter. The company’s strong cash position and ongoing exploration signal further growth potential.

Latitude 66 Limited has secured an 80% stake in the Laverton Gold Project, delivering promising initial drilling results that highlight significant gold mineralisation and potential for rapid resource growth.

Benz Mining Corp’s latest drilling at the Glenburgh Gold Project reveals ultra high-grade shallow gold lenses and extends a large-scale mineralised system, positioning Glenburgh as a promising new gold district in Western Australia.

Magnetic Resources NL has updated its Mineral Resource Estimate for the Lady Julie Gold Project, now exceeding 2.24 million ounces of gold with a strong majority classified as Indicated. The LJN4 deposit alone tops 2 million ounces, positioning the project for imminent development.

Neometals has reported significant gold assay results from its recent drilling at the Ironclad deposit and Mystery gold mine within the Barrambie Gold Project, reinforcing the potential for high-grade mineralisation and advancing plans for resource updates and mine development.

Alicanto Minerals has agreed to acquire the Mt Henry Gold Project in Western Australia from Westgold Resources, gaining a 0.9 million ounce gold resource with significant expansion potential. The company is set to initiate a 50,000-metre drilling program funded by a $28 million placement, positioning itself for rapid growth in a Tier-1 gold jurisdiction.

Benz Mining reports significant high-grade gold extensions at Zone 126 and a new Lens 5 discovery at its Glenburgh Gold Project, highlighting strong potential for resource growth and new district-scale targets.

Brightstar Resources outlines a bold growth strategy targeting over 200,000 ounces of annual gold production by 2029, leveraging its Western Australian assets and aggressive drilling programs. The company’s recent feasibility studies and acquisitions position it as a rising gold producer in the region.