Latest Drill Results News

Aureka is approaching a decisive shareholder vote on its proposed acquisition of the Fiddlers Creek mine and Wedderburn mill, after raising $7.25 million and ending September with $6.993 million in cash. Exploration results at Irvine and Comstock add further upside, but the company’s transition from explorer to producer is not yet complete.

Neu Horizon Uranium has completed its first major Swedish uranium exploration campaign since listing, generating more than 12,000 line kilometres of airborne data and preparing a maiden drill programme at Storvallflon. The ASX newcomer ended September with A$8.623 million in cash, while assays and target interpretations remain pending.

Hot Chili says drilling has confirmed a second porphyry centre at La Verde, with a broad copper-gold intersection extending the discovery footprint. The result arrives as the company prepares a maiden resource estimate and targets a 2031 production start for the wider Costa Fuego project.

Regis Resources maintained FY27 production and cost guidance after September rainfall cut first-quarter output to 83.0koz and pushed AISC to $3,617/oz. Cash and bullion still rose to $1.28 billion, although a large tax payment and dividend have created a significant near-term cash call.

Wia Gold has emerged from a pivotal quarter with a 1.95Moz Probable Ore Reserve, A$229.2 million in cash and a proposed US$360 million debt facility supporting its Kokoseb development plan. Construction preparations are advancing, but lender approval, definitive financing documents and Namibian permits remain crucial hurdles before early works can begin.

Rox Resources has accelerated underground development and advanced construction at Youanmi, with the processing plant 39% complete and first gold still targeted for mid-2027. The project is now fully permitted and funded facilities have begun drawing, although construction spending and one major contract remain in focus.

CZR Resources has reported its strongest Top Camp gold intercept to date, including 0.70 metres at 67.2 grams per tonne, while rock chips point to high-grade iron targets near BHP’s Yarrie operations. The results strengthen the exploration case, but further drilling is needed to establish continuity, thickness and scale.

Echelon Resources has spudded the second and final well in its Palm Valley appraisal campaign, targeting the south flank of the Northern Territory gas field. The company expects the two wells to restore facility capacity to about 14 TJ a day and support at least 10 PJ of gas production, although both drilling and tie-in work remain incomplete.

Core Lithium has reported its longest mineralised intersection yet at the Blackbeard prospect, with diamond hole NMRD104 returning 92m at 1.25% Li2O. The result strengthens evidence of continuity near the Finniss processing plant, although assays remain pending and Blackbeard has no Mineral Resource.

BPM Minerals has completed 9,060 metres of a record Forelands drilling campaign, with post-quarter assays returning its best Beachcomber result to date. The company is now advancing maiden drilling at Bonnie & Clyde while working towards a maiden resource estimate targeted for the first half of 2027.

Aurum Resources has reported further high-grade gold at its BST1 deposit in Côte d’Ivoire, including mineralisation beyond the current resource that remains open at depth. The results will feed an updated Boundiali resource estimate due by the end of October and a definitive feasibility study targeted for late 2026.

Tungsten Mining has reported broad, deeper-than-modelled tungsten zones from the first 16 holes of its Mt Mulgine expansion program, including a 292-metre intersection at 0.11% WO3. The results strengthen the case for resource growth, but remain exploration results rather than a revised Mineral Resource estimate.