Latest Diamond Drilling News

Magnetic Resources NL has upgraded its Lady Julie Gold Project resource to 2.24 million ounces, with over 80% now in the Indicated category, positioning the company closer to development readiness. The LJN4 deposit remains a standout as one of Western Australia’s largest and highest-grade undeveloped open pit gold deposits.

Sentinel Metals has successfully launched on the ASX and completed a maiden exploration program at its Columbia Gold Project, identifying promising new drill targets for a substantial upcoming campaign.

Terra Metals has announced a breakthrough high-grade platinum group metal discovery at its Southwest Prospect within the Dante Project, with drillhole SWT008 returning grades up to 52.97 g/t PGE3 from near surface. This discovery signals a potentially large, continuous magmatic sulfide system with promising scale and open-pit development potential.

InVert Graphite has reported further high-grade graphite drill results from its Kumba prospect in Tanzania, revealing wide zones of mineralisation with grades up to 14.9% Total Graphitic Carbon. Drilling is temporarily paused for the wet season, with additional assay results pending.

Iltani Resources has announced a maiden JORC Mineral Resource Estimate for its Orient East Silver-Indium deposit, alongside a significant $8 million investment from Queensland Investment Corporation’s Critical Minerals Fund to accelerate project development.

Tesoro Gold has reported strong progress at its El Zorro Gold Project with significant drilling results and a $34 million capital raise to advance development and exploration.

Verity Resources has reported strong assay results from Phase 2 drilling at its Monument Gold Project, confirming gold mineralisation continuity and extensions beyond the current Waihi deposit resource outline.

Sunshine Metals has increased its Liontown shallow gold resource by 14% to 108,000 ounces, advancing its pathway to near-term production in 2026. High-grade drilling results at the Sybil prospect and new VMS targets further strengthen the company’s exploration outlook.

Great Southern Mining’s latest drilling at Golden Boulder confirms shallow, high-grade gold mineralisation over a significant strike length, advancing its Duketon Gold Project in WA.

Altair Minerals has confirmed a 1km southward extension of its South Oko gold soil anomaly, unveiling three open targets and setting the stage for maiden drilling. Meanwhile, its Olympic Domain copper-gold project remains a strategic focus amid ongoing commercial talks with BHP.

Axel REE Limited’s latest metallurgical tests have doubled gallium extraction rates at its Caladão Project and revealed the first evidence of scandium co-recovery, signalling a promising new revenue stream.

Ardiden Ltd has kicked off a significant 15,000-metre diamond drilling program at its Rouyn Gold Project in Québec, aiming to expand resource potential at the Astoria zone within a prolific mineralised corridor.