Latest Drill Results News

Catalina Resources has executed the mining lease transfer for its Nelson Bay River project, paving the way for up to $1.29 million in rehabilitation security to be recovered. The company plans to redirect the capital into November drilling at its Kirkalocka gold and Tallering tungsten projects, subject to final heritage clearance and regulatory steps.

M3 Mining reduced its FY2026 loss and more than doubled cash after a $2.25 million placement, while exploration work at Edjudina produced priority gold targets. The improvement comes with an auditor-highlighted material uncertainty over the company’s ability to continue as a going concern.

Iltani Resources has reported some of its strongest Orient West drilling results, including a 2-metre intercept grading 2,561 g/t silver equivalent. The company says the latest 16 holes support continuity and could underpin an expanded Mineral Resource later this year.

Jade Gas will use targeted 2D and 3D seismic to test whether its established coal-measure gas system extends into deeper CBM, shale gas and tight sandstone horizons in Mongolia. The exploration could expand TTCBM’s longer-term potential, but the company says commercialising existing resources remains the immediate priority.

Tambourah Metals has tightened drilling across its Tambourah King gold lode, returning several encouraging intersections ahead of a planned maiden resource estimate. Shallow results at Western Chief add a second exploration thread, although the system remains lightly tested at depth.

Cobre has logged copper sulphide mineralisation in its first deep diamond hole at Sierra Atacama since 2021, extending the system below the existing operation. The result is encouraging but remains visual and preliminary, with laboratory assays due in October.

AuKing Mining has reported a 50-metre interval grading 2.03% TREO from surface at its Tundulu rare earths project in Malawi. The result, from drilling about 400 metres west of earlier holes, supports a broader near-surface mineralised footprint but remains exploration-stage evidence.

CGN Resources has expanded its exploration footprint across gold and copper, but the annual report pairs that growth with a material going-concern uncertainty. The company ended FY2026 with $2.11 million in cash against $1.99 million of operating cash outflows.

Right Resources has begun a fully funded 2,000-metre aircore program at its Blue Prospect near Tumbarumba, testing six tungsten and five gold anomalies for the first time below surface. Assay results are expected progressively during the December Quarter, but the campaign is exploratory and is not designed to define a Mineral Resource.

TechGen Metals has emerged from a year of lower losses and stronger cash reserves with three gold projects lined up for drilling, while copper and base-metal targets remain in the portfolio. The funding runway is improved, but the August capital raising and new director securities add a material dilution question.

Great Boulder Resources has used FY2026 to make the leap from gold explorer toward producer, acquiring Peak Hill and securing a 481,000-ounce resource alongside its 1.02 million-ounce Side Well project. The strategic shift came with a A$9.93 million loss, a heavily expanded share count and a clear near-term test: whether 40,000 metres of drilling can support development by late 2027.

Bellavista Resources is advancing a 15,000-metre drilling campaign and early development studies at Pickle Crow, while assay results have been pushed into October after Canadian laboratory delays. At Brumby, continuity drilling is complete and CSIRO column leach testwork is being prepared.