Latest Drilling Plans News

Peako has completed its 100% acquisition of six Saudi Arabian gold projects covering 862 square kilometres, clearing the way for maiden drilling from October. Recent fieldwork has identified extensive high-grade vein systems, but the reported grades remain exploration indicators rather than a mineral resource.

Maritana Minerals has extended gold mineralisation beneath the planned Pit 4 floor at Boorara, with drilling still open at depth. The results could feed a larger resource and revised pit design, although assays, estimation and optimisation work remain ahead of a targeted mid-2027 restart.

Unico Silver has secured approximately A$60 million from institutional and sophisticated investors, taking pro forma cash to about A$110 million. The capital will fund 20,000 metres of drilling, a maiden PFS due in January 2027 and continued advancement of a DFS through 2027.

Castle Minerals has identified six ranked gold targets across its 212km² Nielle project in Côte d’Ivoire, including previously unreported intercepts of up to 8m at 3.65g/t gold from surface. The company is preparing an Exploration Target for the historically drilled zone while planning new drilling, subject to the permit being granted.

49 Metals will begin a 3,500-metre follow-up drilling program at its Gold Mountain project in Nevada in October, targeting extensions of the Adit Zone discovery. The campaign is fully funded and follows a maiden program in which all 22 holes intersected gold and/or silver mineralisation.

Powerhaus Uranium entered the ASX with a $2.14 million annual loss, $1.51 million operating cash outflow and net liabilities at 30 June 2026. A subsequent $9 million IPO and the Hidden Bay acquisition have given the early-stage explorer a larger exploration runway, but drilling remains subject to approvals and future funding will still matter.

AIC Mines is paying $120 million for the Mt Cuthbert copper project in northwest Queensland, funded partly by a $70 million placement to Hawke’s Point. The deal would add 246,000 tonnes of contained copper to the group’s resources, but comes before Mt Cuthbert has a single Ore Reserve.

Strategic Energy Resources (ASX:SER) narrowed its FY26 loss and lifted cash to $1.84 million while advancing four Queensland copper-gold projects with Fortescue and Sumitomo. But auditors flagged a material uncertainty over the explorer’s ability to continue as a going concern, leaving future funding central to the investment case.

West Cobar Metals has engaged Wallis Drilling for its first scandium-focused campaign at the Salazar project, with work targeted for October subject to approvals. The programme will test shallow saprolite for higher-grade scandium zones and extensions to existing rare earth and titanium dioxide resources.

Minerals Exploration has intersected broad, lower-grade gold mineralisation with higher-grade structures in four holes at Jubilee South, expanding the interpreted system toward Sovereign. The company is preparing a six-hole, 1,200-metre Sovereign program, subject to approvals, while caution remains around recovery and unproven continuity.

Talonx Resources Limited (ASX:TXR) is positioning its portfolio around two distinct exploration propositions: a near-term maiden resource pathway at Viking’s Beaker 2 prospect and district-scale copper potential at Kihabe in Botswana. The September investor presentation largely repackages previously reported results, rather than announcing a new discovery or resource upgrade.

Tanami Gold has entered FY27 with funding in place for a 3,500-metre underground decline at Groundrush, after raising $70.5 million and reporting a 2.8 million ounce Central Tanami resource. The project remains in the study and resource-definition phase, with no Ore Reserve or production decision yet disclosed.