Latest Drill Results News

Iltani Resources has secured firm commitments for a $4.6 million placement, anchored by a $1.5 million investment from QIC’s Queensland Critical Minerals Fund. The funding will support a 145-hole drilling program at the Orient Silver-Zinc-Indium Project before the wet season, with further work planned in 2027.

Kantra Copper has intersected 70 metres at 1.18% copper and 0.24 grams per tonne gold at the Nugent lode, extending mineralisation below its existing resource model. The results arrive ahead of a 2026 Mineral Resource Estimate scheduled for late October.

Somerset Minerals reported a $2.17 million statutory profit for 2026, but the result was driven mainly by a gain on divesting its Blackdome-Elizabeth subsidiaries rather than recurring operations. The company’s Coppermine copper campaign delivered strong Jura and Talisker drilling results while its auditor warned that further funding is needed to sustain exploration.

Barkly Rare Earths has entered its first full year as an ASX-listed explorer with A$5.38 million in cash, a 10,000-metre drilling programme underway and an early 99% magnet rare earth oxide extraction result. The technical signals are encouraging, but both the drilling data and metallurgy remain at an early stage.

WA Gold has posted a A$2.36 million annual loss and warned that additional working capital is needed to continue as a going concern. The company is nevertheless pressing ahead with Abercromby drilling and a potential 114,000-ounce staged development.

Desert Metals expanded its Côte d’Ivoire exploration portfolio during FY2026, with high-grade results at King Kong and Tiogo and a new 7km Nyan gold corridor. The operational progress sits alongside a sharp fall in cash to A$409,355 and an auditor warning that further funding is critical to continuing as a going concern.

QMines has moved its Mt Chalmers copper-gold project into a Definitive Feasibility Study after securing a $15 million strategic package from QIC. The development push comes alongside a larger annual loss, $9.21 million in operating cash outflow and continued reliance on future funding.

West Coast Silver has crossed from explorer to resource-stage company after defining 2.795 million ounces of contained silver at Elizabeth Hill. The project has generated strong drilling results and fresh funding, but the company remains loss-making and yet to establish an economic development case.

Gateway Mining has reported a year of aggressive expansion across Western Australia, led by new gold discoveries at Yandal and a sharp increase in exploration spending. The company remains loss-making and pre-revenue, but entered the new financial year with a larger funding base after a further $45 million placement.

Vantage Metals has reported high-grade silver-zinc-copper-gold intersections in Argentina, but the exploration win sits alongside a A$26.7 million impairment and a material uncertainty over its ability to continue as a going concern. The company ended June with A$2.5 million in cash and remains reliant on further funding.

Australian Critical Minerals has emerged from a transformational year with six new Peruvian projects and early Flint drilling pointing towards a possible concealed porphyry system. But the annual report also flags a material uncertainty over going concern, with further funding required to sustain exploration.

Dalaroo Metals has moved from a Western Australian base-metals explorer into a three-country gold and critical-minerals play, but its next phase depends on drilling success and continued access to capital. The annual report records a $2.63 million loss, $509,442 in year-end cash and a material uncertainty over going concern.