Latest Drill Campaigns News

Reach Resources has boosted its Blue Heaven gold resource by roughly 30% to 80,000 ounces, supported by strong metallurgical results and a newly granted mining lease, while progressing a $3.15 million rights issue to fund further exploration and development.

Recharge Metals has completed the acquisition of the Sunset Well Gold Project near Leonora, WA, backed by a $6 million capital raise. The project hosts a 94,500-ounce inferred gold resource with significant exploration upside.

Dateline Resources is poised to release its Colosseum Gold Project Bankable Feasibility Study imminently, while expanding rare earth exploration at its new Music Valley project and bolstering its balance sheet with a $50 million placement.

Perpetual Resources has launched a detailed trenching campaign at its Igrejinha Lithium and Caesium Project in Brazil, aiming to refine multiple pegmatite targets ahead of a mid-year drilling push. Concurrent exploration planning is progressing at the Renaldinho Project, reinforcing the company’s foothold in Brazil’s Lithium Valley.

Beetaloo Energy has bolstered its financial footing with a $66.3 million equity placement and a $15.4 million R&D tax refund, underpinning key developments at the Carpentaria Gas Plant and local frac sand project.

QMines Limited reported a busy March quarter with strong drilling results at Mount Mackenzie, a resource upgrade at Develin Creek, and progress on the Mt Chalmers feasibility study, underpinned by a $15 million strategic funding package from QIC.

Ore Resources (ASX: OR3) has expanded high-grade gold mineralisation at its Forrest prospect through Phase 3 and Phase 4 drilling, while significantly growing its landholdings in the Eastern Goldfields. The company is well funded with A$9.6 million cash, preparing for a busy exploration season with assay results due in May.

Buxton Resources has secured all key approvals to start drilling at its Madman Project and agreed to sell its 49% interest in the Copper Wolf JV to IGO for about A$6.15 million, shifting its focus to Australian exploration.

49 Metals Limited (ASX:49M) raised $10 million in its IPO and began reverse circulation drilling at its Nevada Gold Mountain project, marking its debut quarter as a listed entity.

American West Metals reported a 20% increase in contained copper at its Storm Copper Project and intersected promising skarn mineralisation in initial West Desert drilling, highlighting significant exploration upside across its North American base metals portfolio.

Canterbury Resources has kicked off an extensive drilling campaign at its flagship Briggs Copper Project as part of a Pre-feasibility Study, while securing the Monto Project with promising copper-molybdenum resources. High-grade assays from PNG’s Ekuti Range reaffirm the company’s regional exploration potential.

Jade Gas Holdings has completed its appraisal program at the Tavan Tolgoi coal bed methane project, preparing to lodge its maiden gas reserve booking and advance development plans backed by fresh capital.