Latest Diamond Drilling News

Red Mountain Mining has advanced exploration across its Fry Lake, Armidale, and Kiabye projects, identifying promising gold and antimony targets and preparing for follow-up drilling and sampling programs.

Yandal Resources reports encouraging RC drilling results at its Arrakis Prospect within the Caladan target area, confirming mineralisation continuity and multiple structures. A large-scale 12,500m air-core drilling program is set to commence in May 2025, targeting an 8km by 3km fold structure with geological parallels to major gold districts.

Australian Mines Limited reports significant progress in its critical minerals projects during Q1 2025, capitalizing on geopolitical shifts that underscore the strategic importance of diversified supply chains. The company highlights expanded studies at Flemington and promising exploration results at Jequie and Resende, while navigating financing challenges for its Sconi nickel-cobalt asset.

IRIS Metals has reported a JORC-compliant initial lithium resource at its Beecher Project, alongside high-grade drilling results at Tin Mountain, setting the stage for near-term production and resource expansion in South Dakota.

Magmatic Resources has reported significant progress in its Myall Project joint venture with Fortescue, including promising copper-gold mineralisation at the Calais prospect and ongoing drilling across multiple targets. The company maintains a strong cash position as it advances exploration in NSW.

Estrella Resources is set to commence the first-ever minerals drilling program in Timor-Leste, backed by strong manganese assay results and a recent $3.75 million capital raise. The company has secured key environmental approvals and community support, positioning itself at the forefront of exploration in this emerging jurisdiction.

Chilwa Minerals advances its critical minerals exploration with over 3,000 metres drilled at key deposits, a strategic assay lab shift to South Africa, and expanded local lab operations to support growing activity.

Tribune Resources delivered steady gold output and continued underground development in the March 2025 quarter, while improving cost efficiency and maintaining positive cash flow. Exploration drilling at key prospects promises potential resource upgrades ahead.

Rand Mining reported a solid March quarter with 4,909 ounces of gold produced and ongoing underground development, though cash reserves dipped to $2.33 million reflecting operational pressures.

GWR Group Limited reported $2.53 million in royalties from the Wiluna Iron Ore Project through February 2025 and continues exploration at its Prospect Ridge Magnesium Project with pending assay results. The company holds strong cash reserves and is actively pursuing a major Western Australian acquisition.

Kaiser Reef Limited has announced a transformative acquisition of the Henty Gold Mine from Catalyst Metals, alongside a substantial capital raise and operational advancements, positioning the company for significant growth in gold production.

Lightning Minerals has commenced a significant drilling campaign at its Esperança lithium project in Brazil, alongside promising soil sampling results at its Caraíbas and Canabrava projects, underscoring the company’s growing footprint in the Lithium Valley region.