Latest Drill Programs News

A single exploration name blew the doors off the leaderboard, while two well-known uranium plays and a Nevada explorer sank hard. Behind the noise: deals got closer to completion, big raisings reset prices, and several “good news” gaps didn’t survive the week.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Kalamazoo Resources has successfully closed an oversubscribed Share Purchase Plan, raising $4.1 million to fast-track drilling and development at its Ashburton Gold Project. Combined with a recent placement, the company secures $12.1 million to advance exploration and pre-feasibility studies.

North Stawell Minerals has extended gold mineralisation at its Darlington West target, confirming promising grades and validating its predictive modelling approach. The results open new avenues for exploration across its extensive tenement package.

Lightning Minerals announces the resignation of CEO Alex Biggs, who will remain in his role during the search for a successor as the company advances its Mt Turner Gold Project.

Rumble Resources has completed its full acquisition of the Thunderstorm Gold Project in Western Australia, consolidating control over promising high-grade gold prospects at Gazelle and Pion. A major drilling campaign is set to follow after heritage clearances in early 2026.

Anson Resources has intersected lithium-rich brines at the Mt Fuel-Skyline Geyser well in Utah, advancing plans to upgrade its JORC resource at the Green River Lithium Project.

Kali Metals has raised $7 million through a share placement to fund further exploration at its promising Marble Bar Gold Project and lithium assets in Higginsville. The capital injection underscores investor confidence in the company’s growth strategy.

Rapid Critical Metals has reported additional bonanza-grade silver intercepts from its latest drilling at the Webbs Silver Project, reinforcing the presence of multiple high-grade mineralised structures and promising exploration upside.

Cosmo Metals has secured $1.55 million through a fully underwritten entitlement offer to fund near-term drilling at its Kanowna Gold Project in WA and the Bingara and Nundle projects in NSW. The capital raise includes free attaching options, with strong backing from major shareholders and management.

Ore Resources has acquired an additional mining lease within its Miriam Gold Project, consolidating tenure over the promising Canyon prospect. The company plans an extensive 30,000m drilling program in 2026 to further explore this fertile gold system.

West Coast Silver Limited is undertaking a detailed technical review at its Elizabeth Hill Silver Project to refine exploration targets and development plans for 2026, supported by a solid $6.2 million cash reserve.