Latest Drilling And Development News

Southern Cross Gold Consolidated Ltd. has transitioned its Sunday Creek project into execution, commencing surface works and targeting a maiden inferred resource in early 2027, supported by a robust $123.2 million cash position.

Red Sky Energy has secured full underwriting for its 2-for-3 non-renounceable rights issue to raise approximately AU$4.2 million, supported by sub-underwriting commitments from related parties. Concurrently, the company has initiated a cost reduction program including a 25% pay cut for senior management and staff reductions.

Tamboran Resources Corporation has initiated a significant equity raise totaling approximately US$198 million to fund expanded drilling and development activities in the Beetaloo Basin. The capital raise includes a registered underwritten public offering and a pro rata entitlement offer, representing a 25% increase in shares on issue.

American Tungsten & Antimony Ltd (ASX: AT4) has appointed David Groombridge as Exploration Manager USA and engaged SRK Consulting for independent Competent Person services, reinforcing its technical and governance capabilities as it advances critical minerals projects in Utah and Nevada.

West Coast Silver Limited has initiated a 1,500-metre diamond drilling program beneath the historic Elizabeth Hill silver mine in Western Australia, aiming to test for high-grade silver extensions along the Munni Munni Fault. The program seeks to validate a structural model that could significantly expand the known mineralisation.

GoldArc Resources (ASX:GA8) has reported consistent high-grade gold intersections from a recent 20-hole RC drilling program at its Eclipse prospect, supporting advancement towards a maiden Mineral Resource Estimate within its Leonora South Gold Project.

Adavale Resources (ASX:ADD) has reported the identification of several high-quality near-mine gold targets at its London-Victoria Gold Mine within the Parkes Gold-Copper Project, NSW, supported by soil geochemistry and drone magnetics. The company plans to commence drilling shortly to test these targets, including a high-priority anomaly at Victoria South with peak soil gold values up to 600ppb Au.

OD6 Metals has launched its first systematic exploration in six decades at the Quinn Fluorspar Project in Nevada, targeting historically high-grade deposits and expansive alteration zones. The program aims to unlock new fluorspar discoveries critical to advanced technologies.

WIN Metals has significantly bolstered its Radio Gold Project by acquiring the fully permitted Princess Royal Gold Mine and securing an exclusive option for the Stumpy Doodle Gold Mine, both promising high-grade gold potential and streamlined development pathways.

Australian Oil Company Limited is set to lift its first crude oil from the Emu Apple Oil Field in the Surat Basin on 31 March 2026, marking a key production milestone. Concurrently, the company has identified intriguing iodine anomalies in its exploration permit PL 30, hinting at potential new hydrocarbon targets.

Premier1 Lithium has completed a high-resolution gravity survey at its Rochefort Gold Prospect, confirming strong structural controls on gold mineralisation and setting the stage for maiden drilling in Q2 2026.

Resource Minerals International has completed a high-resolution magnetic survey at its Mpanda copper-gold project in Tanzania, revealing promising structural targets and extending exploration zones ahead of a planned drilling campaign in Q3 2026.