Latest Drilling Campaigns News

European Lithium’s proposed merger with Critical Metals Corp. has cleared shareholder and court approval, with implementation scheduled for 5 November and EUR expected to leave the ASX. The quarterly report also puts a $296.5 million cash balance, Tanbreez drilling and Greenland mining approvals at the centre of the company’s final standalone update.

Resources & Energy Group has signed the definitive Maranoa mining agreement under which Rembrandt Mining will fund all development, processing and rehabilitation capital. The quarter also delivered high-grade drilling results across East Menzies, although REZ produced no gold and cash fell to A$734,000.

Felix Gold has reported a 12.19-metre gold interval grading 2.84 g/t from the first assays of its 2026 Treasure Creek step-out drilling. The result extends testing beyond NW Array, but 73 of the program’s 80 holes remain unassayed and true widths are not yet known.

eMetals has confirmed three scheelite-bearing skarn horizons in the first five holes of its maiden Utah tungsten drilling program, with assays still pending. The explorer also expanded its Mineral Range ground position to 145 claims while ending the quarter with A$1.541 million in cash.

Solis Minerals has completed 2,926 metres of drilling across three projects in Brazil and Peru, with assay results still pending. The explorer is moving into a 5,000-metre Cucho copper programme while holding A$3.97 million in cash, equivalent to about 2.12 quarters of funding at the latest reported operating outflow.

Astral Resources has moved its Mandilla development closer to a definitive feasibility study while extending drilling at Theia and adding 281,000 ounces to its Spargoville resource base. The company ended September with A$59 million in cash after spending A$7.6 million during the quarter.

Killi Resources has extended its Lodestone magnetite system beyond the existing 110Mt Inferred Resource, with step-out drilling intersecting broad visual zones south of the resource boundary. The company ended September with A$16.4 million in cash as a second rig and a high-resolution magnetic survey moved the project into its next phase.

Sinclair Gold has doubled the Mt Henry Gold Project’s Mineral Resource to 1.8 million ounces within six months of acquisition, with most of the estimate in Measured and Indicated categories. Five rigs remain active across Mt Henry and Selene, but the company’s cash balance fell to $24.8 million after a quarter of heavy exploration and transaction spending.

Cullen Resources has extended shallow gold-silver-copper targets at Yardilla and identified a new conductor for drilling at North Tuckabianna. But with $176,000 in cash and an estimated 0.81 quarters of funding, the next exploration steps will likely depend on new financing or asset sales.

Desert Minerals has reaffirmed a 264.9 million tonne JORC lithium resource in Nevada while reporting follow-up gold results from its Mt Monger drilling campaign. The explorer ended September with A$3.399 million in cash and an estimated 5.2 quarters of funding at the quarter’s spending rate.

Albion Resources has extended the interpreted mineralised trend at its Gidgee Gold Project to about 600 metres after an early aircore result, while expanding its tenure and securing A$1.8 million for further exploration. The evidence remains early-stage, with continuity, depth and economic significance yet to be established.

Kaoko Metals has expanded its Chalkos exploration campaign to at least 15,000 metres after maiden drilling confirmed broad, shallow copper-silver mineralisation at Otniel. A $20 million placement leaves the ASX-listed explorer with $22.0 million in cash to fund the next phase, but the discovery remains at an early exploration stage.