Latest Drill Programs News

Tivan has secured the regulatory and cultural heritage clearances needed to advance an 8,000-metre drilling campaign at its Molyhil tungsten project in the Northern Territory. The company will also issue 3.84 million shares as part-payment for the project acquisition, while its feasibility and proposed funding plans remain unfinished.

New Age Exploration reported its strongest exploration results to date across three projects, including a 11.0 g/t gold intercept at Wagyu and a new mineralised zone at Lammerlaw. But the explorer’s $4.21 million loss, $2.48 million impairment and auditor-flagged going concern uncertainty leave its next drilling campaign dependent on further funding.

Neometals has cleared a key regulatory hurdle for an A$2 million standby loan from a company controlled by former chairman David Reed. The facility provides near-term funding, but carries 10% interest, security over Barrambie-related assets and potential conversion into equity.

Black Cat Syndicate has extended gold mineralisation beyond the current resource boundary at Trojan after completing a 56-hole, 6,804-metre RC drilling program. The results support further drilling and a potential resource upgrade, although the new intercepts are exploration results rather than an updated Mineral Resource.

Challenger Gold has set early 2029 as the target for commercial production from a stand-alone heap leach operation at its Hualilán project in Argentina. The roadmap brings engineering, drilling and financing into sharper focus, but still depends on a US$15 million debenture refinancing and a much larger project funding package.

Exultant Mining has reported its first consolidated annual results since listing, recording a $1.526 million loss and holding $3.50 million in cash at 30 June 2026. Exploration has advanced across Black Hammer and Peak View, but the company remains dependent on future funding and assay results to justify its portfolio.

Red Sky Energy will seek to turn a suspended 2008 exploration well into a new gas production point in South Australia, targeting 0.52 Bcf of gross incremental raw gas. The proposed work carries an estimated A$0.60 million net cost for Red Sky, but still requires joint venture approval and confirmation of the well’s downhole condition.

Lux Copper has begun its maiden drilling campaign at the 100%-owned Baird Copper Project in Alaska, targeting historical high-grade copper results at Omar and Frost. The first assay results are expected in October, creating a near-term test of the project's exploration potential.

Galileo Mining has lined up two drilling programs at its Norseman project, targeting an untested extension near Callisto and shallow sulphide mineralisation at Mission Sill. The programs will test encouraging but still preliminary exploration indicators, with results yet to come.

Maronan Metals has intersected repeated copper-gold zones north of its 2025 Indicated resource at the Maronan Project, including a 20-metre interval grading 0.83% copper and 0.42g/t gold. The results support ongoing resource growth work, but further drilling and assays are needed before any resource change can be established.

DPM Metals has extended mineralization beyond the existing Dumitru Potok resource in Serbia, led by a 21-metre interval grading 5.44% copper equivalent. The company will add up to 15,000 metres to its 2026 drilling campaign as it works towards a resource update and preliminary economic assessment.

Rox Resources has increased Youanmi’s Ore Reserve by 8% to 727,000 ounces after mining depletion, while the broader Mineral Resource edged up to 2.195 million ounces. The update excludes results from recent surface and underground drilling programs, leaving future revisions as a potential source of change.