Latest Drilling Campaigns News

Recharge Metals has moved its flagship Sunset Well project from preparation into drilling, while fresh re-assays point to a broader copper-tungsten system at Brandy Hill South. A $4.1 million placement has lifted pro forma cash to $8.6 million, giving the explorer room to pursue both programs.

Connected Minerals has moved its Bailundo niobium and rare earths project from acquisition into active drilling, backed by A$4.5 million in fresh capital and A$5.15 million in quarter-end cash. Historical results are striking, but the company has yet to report an assay from its current programme or establish a mineral resource.

Sentinel Metals has completed its first 15-hole Columbia drilling program, with fire assays confirming a broad high-grade intercept and extending mineralisation beyond the existing pit shell. The company will now turn to a November Mineral Resource update while advancing its newly acquired 1.01Moz Big Springs project in Nevada.

Yugo Metals has reported multiple gold intercepts at the Erak Prospect, including 36.1 metres at 2.3 g/t, while expanding drilling across its Bosnia and Herzegovina portfolio. The company ended September with $4.7 million in cash and no debt.

Athena Resources has completed its Narryer drilling campaign, reporting concentrate grades above the company’s stated direct-reduction benchmark and bringing forward a potential maiden resource estimate to the December 2026 quarter. The exploration progress comes with only A$1.382 million in cash and an estimated 1.06 quarters of funding at quarter end.

American Uranium has increased its Lo Herma uranium resource by 16% and lifted the Indicated portion by 72%, while positive aquifer testing supports the technical case for in-situ recovery. The gains come with a pressing funding question, as AMU reported only 0.4 quarters of available cash at September end.

Omega Oil & Gas has reported its strongest appraisal quarter yet, with Canyon-3 and Canyon-4 confirming thick, stacked oil and gas-bearing intervals in Queensland’s Taroom Trough. The company has also expanded its operated acreage to 2,976 square kilometres while retaining $92.9 million in cash and no debt.

Marmota has completed more than 32,000 metres of Stage 3 RC drilling at its Greenewood and Mainwood gold zones, reporting high-grade extensions to the north, south and at depth. The results will feed into the company’s Gawler Gold scoping study, while a 39-hole uranium program awaits native title clearances.

Terra Metals has expanded its Southwest PGM-Cu-Ni discovery to approximately 1,350 metres of strike after drilling 76,000 metres, with a maiden Mineral Resource Estimate targeted for Q1 2027. The company ended September with A$57.9 million in cash, while more than 40,000 samples remained awaiting assay.

CGN Resources has intersected gold at three of four targets during its maiden Christmas Well RC campaign, with Rocky Mountain Oyster producing the strongest result. The exploration momentum comes alongside A$1.274 million in quarter-end cash, equivalent to about 1.54 quarters of funding at the reported spending rate.

Sun Silver’s latest quarter produced broad silver-gold-antimony intercepts beyond the current Maverick resource, alongside metallurgical recoveries above 84% and a new Nevada water permit. The results strengthen the technical case for further study, but the company remains an explorer with about 2.6 quarters of funding at its current spending rate.

Siren Gold has applied to reclaim the Sams Creek ground, advanced permit and access applications across New Zealand, and raised A$799,000 by selling part of its RUA Gold stake. The progress comes with only A$596,000 in cash at quarter end, leaving the company reliant on project approvals and potential further funding options.