Latest Drill Results News

Corazon Mining finished the September quarter with A$7.285 million in cash after raising A$16.5 million through equity issuance and spending A$7.75 million on tenements. The company reported an estimated 4.04 quarters of funding at its current cash outflow rate.

Maritana Minerals has moved the Black Swan Processing Hub into active construction after securing all statutory process-plant approvals. The gold developer ended September with A$214.5 million in cash, a larger resource base and first gold still targeted for the second half of 2027.

BMC Minerals has reported high-grade polymetallic drilling near its proposed Yukon mine, alongside a US$8.6 million quarterly operating cash outflow and five quarters of funding at current spending rates. The company also detailed the secured Wheaton financing arrangement that underpins part of the KZK project’s funding position.

Vintage Energy’s independently assessed 2P reserves have fallen to 12.4 PJe from 72.9 PJe, largely because Cooper Basin volumes were reclassified as contingent resources. The company says gas in place at Odin and Vali is effectively unchanged, but larger-scale development now depends on capital commitments and drilling results.

Stellar Resources has lifted its Heemskirk tin inventory to 115.3kt of contained tin, while post-quarter drilling has identified mineralisation outside the Severn resource that could connect with the high-grade Montana deposit. The company is now folding those possibilities into a prefeasibility study targeted for the first half of 2027.

Western Mines Group has increased the Mulga Tank resource to 2.647 billion tonnes at 0.27% nickel, containing 7.2 million tonnes of nickel. The major exploration milestone now faces its more consequential test: whether a large, low-grade and unconstrained resource can support an economic mine.

Manhattan Gold has completed its largest-ever Hook Lake drilling campaign, with strong gold results at Jaws and polymetallic sulphide intercepts at Spectre widening the project’s exploration case. But five assays remain outstanding, the next funding tranche still needs shareholder approval, and the company reports only 1.54 quarters of cash coverage on its current spending basis.

TG Metals has reported high-grade lithium intercepts at its Burmeister deposit, including 12.35 metres at 1.53% Li2O and individual intervals above 2%. Six composite samples also exceeded the company’s nominal direct shipping ore specification, although the project remains at an inferred-resource and pre-feasibility stage.

Venus Metals has completed a second 1,541-metre RC drilling program at Bellchambers after intersections including 20 metres at 2.72 g/t gold. The explorer ended September with $25.8 million in cash and Rox Resources shares, despite returning about $35 million to shareholders during the quarter.

Stelar Metals has repositioned around the Hill of Leaders Tungsten Project after rock-chip assays reached 15.69% WO₃, but the discovery remains early-stage and the company is still loss-making. A subsequent A$2.628 million placement gives the explorer more room to test the system with maiden drilling.

Wiluna Mining has repaid its remaining approximately $40 million Byrnecut loan from IPO proceeds, leaving the gold developer with no secured debt or borrowings. The company now plans 220,000 metres of drilling over two years to support potential underground and open pit restarts.

Capricorn Metals has reported further high-grade gold intersections at Mt Gibson, with Lexington mineralisation extending beyond current pit and underground designs. The results support a planned maiden underground resource at Lexington later this quarter, but remain exploration results rather than an Ore Reserve.