Latest Drilling Campaigns News

Great Northern Minerals has secured permits and a drilling contractor for an approximately 2,000 metre maiden RC campaign at Iron Butte, where four undrilled chargeability anomalies sit around an existing inferred resource. Douglas Creek has also produced three or more new targets, but both projects remain at the exploration stage and will need drilling to validate the geological interpretations.

Eclipse Metals has begun a 17-hole, 2,355-metre drilling campaign at its 208Mt Grønnedal rare earths project, while reporting $2.987 million in cash and an estimated 2.8 quarters of funding. The quarter also delivered a maiden Ivigtût critical-minerals resource and restored full ownership of the Liverpool uranium portfolio.

Cosmo Metals is moving towards maiden drilling at its high-grade Mona copper-gold-silver prospect while new results outline broad gold mineralisation at Kanowna in Western Australia. The exploration momentum comes with a funding constraint: cash at quarter end covered only 0.71 quarters of reported outgoings before a post-quarter placement tranche was received.

Golden Mile Resources has outlined a broad, gold-bearing surface zone at its Aurora prospect in Arizona and submitted the first permitting plan for a maiden drill campaign. The exploration progress comes with just A$245,000 in cash, leaving the company with an estimated 0.52 quarters of funding and a likely capital raise ahead.

Resolution Minerals has extended gold mineralisation across its Horse Heaven project in Idaho, including a 500-metre open-ended zone at Golden Gate North. But the quarter ended with just A$1.64 million in cash and an Appendix 5B estimate of 0.2 quarters of funding, placing the proposed debt facility and future capital sources firmly in focus.

D3 Energy has expanded its South African acreage and secured Strategic Integrated Project status after drilling two gas-bearing wells at Nooitgedacht. A 5.2% helium sample is encouraging, but production testing, methane retesting and funding remain unresolved.

Powerhaus Uranium has moved from ASX debut to field execution, preparing a 4,000-5,000 metre drilling campaign at its Malbec project in Argentina. The explorer ended September with A$7.958 million in cash, but its first field survey produced no significant surface radiometric response and assays are still pending.

Dart Mining has begun its first deep drilling campaign at the Walwa tin project while advancing a new Western Australian landholding and a Coonambula resource estimate. The exploration pipeline is expanding, but the company ended September with $273,000 in cash and is relying on a $1.37 million capital-raising tranche subject to shareholder approval.

Olympio Metals has extended the Bousquet gold system to 1.3 kilometres while its maiden Jacknife silver drilling campaign gathers pace in Idaho. The exploration progress comes with a sharper funding question: A$1.178 million in cash covered just 0.98 quarters of reported outgoings at 30 September.

Ragnar Metals has identified at least five interpreted open gold shoots at its Harnäs project in Sweden, including a 13.6 g/t Au interval. The exploration upside arrives alongside just A$87,000 in cash and a stated 0.16 quarters of funding, leaving the company reliant on fresh funding or liquid investments.

Skylark Minerals has more than tripled the Inferred Resource at its Zaranou Gold Project to 1.20 million ounces and agreed to lift its ownership to 90% for US$1.2 million. The stronger project position arrives alongside A$2.3 million in cash and a disclosed 0.9-quarter funding runway, with a proposed capital raising now central to the next drilling campaign.

Orion Minerals has moved Prieska’s Uppers Mine closer to construction after Glencore’s US$40 million Tranche A financing became unconditional. The company ended September with A$9.62 million in cash, while the larger US$210 million Tranche B package remains conditional.