Latest Drilling Operations News

E79 Gold Mines has completed a pivotal high-resolution gravity survey at its Cue Gold Project in Western Australia, setting the stage for targeted drilling and potential high-grade gold discoveries.

Galilee Energy has secured the Zydeco Gas Project in Louisiana and raised $6.5 million to fast-track development, marking a pivotal shift towards becoming a mid-tier US gas producer.

Ardiden Limited has completed its merger with Lac Gold, bolstering its position with a $10 million capital raise and launching a significant drilling campaign at the Rouyn Gold Project in Québec.

Avira Resources has completed its acquisition of the Mt Cattlin Gold Project, validating historical data and advancing plans for a significant drilling program in early 2026, backed by a $2.5 million capital raise.

Elixir Energy has secured a $16.6 million capital injection led by Omega Oil and Gas, propelling its high-impact Lorelle-3 appraisal well drilling and expanding contingent gas resources in Queensland’s Taroom Trough.

Elixir Energy has commenced drilling at the Lorelle-3 appraisal well in Queensland’s Taroom Trough, targeting significant gas resources with plans for advanced testing by mid-2026.

3D Energi’s Charlemont-1 exploration well has intersected probable gas reservoirs in multiple Waarre sandstone layers offshore Victoria’s Otway Basin, marking a promising step in the company’s exploration program.

Magnum Mining has resumed drilling at its Palmares and Azimuth rare earth projects in Brazil, advancing high-grade targets with assay results expected by the end of January.

Australis Oil and Gas has completed a pivotal financing transaction with EQV Partners, transferring 90% interest in its producing wells and clearing its debt with Macquarie Bank. This move reshapes its operational and financial landscape as it prepares for upcoming drilling activities.

Triton Minerals reports encouraging geological signs from its maiden drilling at the Aucu Gold-Copper Project despite operational hurdles, while legal delays stall the completion of its 70% graphite asset sale.

Buru Energy is actively pursuing funding for its 2026 drilling campaign to validate resources at the Rafael Gas Project, aiming for a Final Investment Decision in the second half of 2026 and first cashflow by 2028.

3D Energi has commenced drilling the Charlemont-1 gas exploration well offshore Victoria, targeting a substantial 93 billion cubic feet of gas with promising geological indicators. This marks a key step in the Otway Exploration Drilling Program aimed at bolstering East Coast gas supplies.