Latest Drilling And Development News

Tivan Limited has reported exceptional fluorite assay results from its Sandover Project, with grades reaching up to 91.4% CaF2 and a mineralised strike length now extending to 7 kilometres. The company is advancing towards a maiden drilling campaign scheduled for October 2025.

Resolution Minerals Ltd has entered a binding agreement to acquire the Horse Heaven Project in Idaho, a promising antimony-gold-silver-tungsten asset adjacent to a major US mine, with drilling planned for 2025.

FireFly Metals has successfully raised approximately A$95 million through a multi-part equity offering to fund an aggressive exploration and development program at its Green Bay Copper-Gold Project in Canada.

Lefroy Exploration has reported outstanding near-surface gold assay results from its Lucky Strike project, validating resource models and revealing promising high-grade zones. With diamond drilling underway to explore a potential larger Stage 2 pit, the company is advancing its development plans backed by partner funding.

Alchemy Resources has acquired the remaining 50% stake in the Bryah Iron Ore Project, consolidating full ownership and advancing plans for maiden drilling after confirming high-grade iron ore outcrops.

Black Cat Syndicate reports promising underground drilling results at its Paulsens Gold Operation, with development progressing faster than planned in the newly targeted Gabbro Veins. The company is poised to ramp up production as exploration continues.

Warriedar Resources has raised A$17 million through a placement to fast-track drilling and development at its Ricciardo deposit, home to Australia’s largest open-pit antimony resource and over 1 million ounces of gold. A Share Purchase Plan will follow, targeting an additional A$2 million.

Bass Oil Limited reported steady April production and a strategic acquisition of the Vanessa gas field, positioning itself for future gas market entry.

Southern Cross Gold Consolidated has completed the final tranche of a private placement, raising C$24.4 million to advance its Sunday Creek Gold-Antimony Project in Australia. The funds will support drilling, development, and economic assessment milestones through 2027.

Southern Cross Gold has successfully closed the second tranche of its C$143 million private placement, securing nearly C$30 million to fund critical milestones at its Sunday Creek Gold-Antimony Project in Australia.

Tamboran Resources has completed a major stimulation campaign on its Shenandoah South well and raised US$55.4 million to fund further drilling, positioning itself to meet critical gas supply commitments in Australia’s Northern Territory.

Melbana Energy reports steady oil production from its Alameda-2 well with over 15,000 barrels stored and prepares to drill the Amistad-2 well imminently, advancing its Block 9 development in Cuba.