Latest Diamonds News

Burgundy Diamond Mines has acknowledged breaching ASX Listing Rule 10.1 by entering three related-party diamond purchase agreements without prior shareholder approval. The transactions were later ratified, but an independent expert found the dealings were not fair, although the inventory was sold at fair market value.

Coda Minerals has moved Elizabeth Creek closer to a targeted first-quarter 2027 pre-feasibility study, backed by improved leach recoveries, drilling and fresh funding. But the copper developer remains loss-making, burned A$8.87 million in operating cash and will likely need further capital to progress beyond the study stage.

Astral Resources has more than doubled the Spargoville project’s mineral resource to 281,000 ounces after reinterpreting four deposits and applying a larger optimised pit shell. The update lifts the group’s reported mineral resource to 2.21 million ounces, but remains a resource estimate rather than an ore reserve or production declaration.

Pioneer Minerals is pursuing staged options over a 3,477-hectare Argentina gold-copper-silver project where historical drilling returned broad, high-grade polymetallic intervals. The proposed acquisition is paired with an A$1.8 million funding package, but both the transaction and most of the capital raise require shareholder approval.

Aurum Resources has reported further gold mineralisation across three Boundiali targets, including a high-grade 5.85-metre intercept at BMT3. The 60-hole program is designed to expand the resource, upgrade confidence and support a maiden estimate for BMT2 ahead of an early fourth-quarter update.

Dalaroo Metals will drill five holes totalling about 1,250 metres around its high-grade Wilfred gold intercept in Côte d’Ivoire. The work is designed to establish whether the 18-metre zone at 7.31 g/t gold extends at depth and along strike, while new assays and a diamond rig add near-term exploration catalysts.

Tennant Minerals has begun a multi-stage diamond drilling campaign targeting extensions and possible repetitions of its high-grade Bluebird copper-gold-bismuth discovery. The program tests an interpreted 1.5km structural corridor, but the Warrego-scale comparison remains an exploration target rather than an estimate of mineralisation.

Lunnon Metals has returned broad, high-grade gold intersections from the extensions of its recently mined Lady Herial pit, including 16 metres at 9.14 g/t gold. The results will feed an updated resource model and a December scoping study assessing whether a deeper cut-back can work.

Alvo Minerals has secured A$1 million from strategic and existing investors while reporting broad, near-surface dysprosium and terbium mineralisation at its Bluebush project in Brazil. The results strengthen the exploration story, but metallurgy, permeability and a maiden resource remain ahead.

AuMEGA Metals has uncovered a 100.5 g/t gold float sample at its Intersection Project in Newfoundland, the second-highest-grade sample recorded across its regional portfolio. Two further samples above 23 g/t strengthen the surface signal, although the results remain early-stage and most assays are still pending.

Black Cat Syndicate has reported a 9.86-metre gold intercept grading 27.38g/t at the Lynx lode, including 0.60 metres at 186.27g/t, while initial drilling 600 metres away at Raisebore supports a parallel mineralised structure. Neither target has yet been added to Paulsens’ Mineral Resource, leaving further assays and modelling to do before the scale of the discoveries can be quantified.

Albright Metals is moving its Golden Pike project towards a scoping study after defining a 54,200-ounce gold resource at Vail Road, including 22,500 ounces in the Indicated category. The company has also improved its cash position through the quarter, but reported only 1.4 quarters of funding based on current operating outflows.