Latest Diamonds News

Asara Resources has raised $2.3 million to advance exploration at its flagship Kada Gold Project in Guinea, appointed Matthew Sharples as CEO, and awarded a major drilling contract to Capital Drilling Guinea-SA. The company also completed the sale of non-core Burkina Faso assets, signaling a sharpened focus on its core gold interests.

PhosCo Ltd has solidified its position as a global fertiliser contender by securing full ownership of the Gasaat Phosphate Project in Tunisia and initiating a $5 million entitlement offer, while also engaging the EBRD for a potential strategic investment.

Advance Metals Limited reports breakthrough drilling results at its Myrtleford Gold Project and advances strategic acquisitions in Mexico, positioning itself for significant growth in precious metals exploration.

Titan Minerals reports significant drilling progress and metallurgical breakthroughs at its Dynasty Gold Project, while JV partner Hanrine accelerates Linderos Copper drilling. The company strengthens its balance sheet with a $25.7 million capital raise and clears debt.

Strata Minerals Limited reports encouraging results from its maiden drilling program at the Penny South Gold Project, revealing extensions of key mineralised structures and securing a government co-funded grant to advance deeper diamond drilling.

Arika Resources is set to recommence a significant 6,000m reverse circulation drilling program at its Yundamindra Gold Project, targeting extensions at Pennyweight Point and Landed at Last prospects following recent high-grade gold discoveries.

Rimfire Pacific Mining reports standout scandium drilling results at Murga and Currajong prospects, supported by a $3.65 million equity placement to accelerate exploration amid tightening global supply.

Koonenberry Gold’s third diamond drillhole at the Enmore Project delivers a substantial 102m intercept averaging 1.10g/t gold, including a high-grade 9.7m zone at 3.57g/t, reinforcing the prospect’s broad and shallow gold mineralisation potential.

Far East Gold Ltd has advanced its exploration efforts in Indonesia with imminent drilling at Idenburg and Trenggalek, backed by a $4.78 million strategic investment from Xingye Gold, increasing their stake to nearly 20%.

AusQuest Limited has unveiled significant maiden drilling results at its Cangallo Project in southern Peru, confirming a large-scale porphyry copper-gold system. The company secured $7.5 million in funding to fast-track exploration activities across Peru and Australia.

Metal Bank Limited has reported a substantial 73% increase in its Livingstone Gold Resource in Western Australia, while progressing exploration and development initiatives across Australia, Jordan, and Saudi Arabia, supported by a $275k Queensland government grant for graphite.

Carnaby Resources has launched a maiden drilling campaign at the Trekelano Copper Gold Project, aiming to bolster its Greater Duchess Pre-Feasibility Study and unlock further resource potential.