Latest Drilling Campaigns News

Strategic Energy Resources has moved from planning to execution across three Queensland copper-gold campaigns, with Fortescue and Sumitomo funding major parts of the work. The explorer ended September with $2.493 million in cash after raising $1.715 million, but the coming assays will determine whether the activity produces more than a busy field season.

Connected Minerals says historical drilling at its Bailundo project in Angola has identified broad niobium and rare earth mineralisation, including 205.5 metres at 1.0% Nb₂O₅ and 227.3 metres at 2.0% TREO. The company also has roughly 1,534 metres of historical core left to assess, but the results are not yet a mineral resource.

Kingsrose Mining has cleared a major Finnish permitting hurdle that supports a targeted January 2027 drilling campaign at Penikat, although appeals remain possible until 20 November. The explorer also reported A$16.7 million in cash, late-year Finnmark assays and ongoing efforts to secure a funding partner for its Norwegian portfolio.

Lincoln Minerals says air core drilling has confirmed that mineralisation at Eagle Ridge continues up dip, strengthening the case for a targeted diamond drilling program at Minbrie in the December quarter. The explorer ended September with A$3.085 million in cash after receiving A$2.1 million from equity issues.

Kuniko has completed its 2026 drilling campaign at the Commonwealth-Silica Hill project, extending the interpreted Silica Hill mineralised system by about 100 metres and securing 51% ownership ahead of schedule. The exploration progress comes with a funding constraint: the company reported A$1.43 million in cash and 1.43 quarters of available funding at September-end.

Alurion Resources has moved its Amargosa bauxite project into a field development program after completing its A$50 million IPO and ASX listing. Drilling, bulk sampling and logistics work are now feeding a direct-shipping-bauxite pre-feasibility study targeted for mid-2027.

Rapid Critical Metals has completed maiden drilling at its Prophet River gallium-germanium project, with visible sphalerite and galena logged in all seven holes. The strongest downhole intervals widened at Pad 2, but laboratory assays will determine whether the visual results contain economic zinc, germanium or gallium grades.

Sandfire Resources has extended high-grade polymetallic sulphide mineralisation at its La Juliana prospect in Spain, with drilling confirming 160 metres of strike and electromagnetic surveys indicating potential for at least 350 metres. The exploration result arrived alongside a steady first-quarter operating performance, with FY27 guidance retained.

Latitude 66 ended September with A$4.647 million in cash after asset disposals supplied most of the quarter’s funding, while exploration spending and KSB development work move into a more active phase. The company now has a 2,500-metre Finnish drilling program underway, but no financing facilities available.

LinQ Minerals has identified more than 429 metres of visually mineralised core at a new target south of Gidginbung, although laboratory assays are still pending. The ASX-listed explorer also reported broad copper-gold results at Monza, fresh gold hits at Gidginbung and A$14.4 million in cash to fund its next drilling phase.

Final assays from Zenith Minerals’ Dulcie Central drilling have confirmed gold mineralisation in 20 of 24 holes across a corridor excluded from the company’s existing 675,000-ounce Inferred Resource. The results now move the project towards a possible maiden resource estimate, although continuity and classification are yet to be established.

Antipa Minerals has selected a gold-and-copper processing pathway for its Minyari Dome project, bringing the pre-feasibility study closer to release in November. At the same time, drilling expanded Tim's Dome mineralisation across 2.2km, while quarterly exploration spending reduced cash to A$28.0 million.