Latest Drilling Preparation News

Sultan Resources advances exploration in NSW’s Lachlan Fold Belt with promising gold-copper targets while managing a modest capital raise and reviewing WA assets.

DGR Global Limited reports steady progress in project generation and subsidiary investments, bolstered by a $23.5 million loan facility and a favorable legal appeal outcome. The company maintains a strong health, safety, and environmental record while navigating challenging market conditions.

Red Metal Limited’s June 2025 Quarterly Report highlights significant metallurgical advances at its Sybella rare earth project and accelerated drilling programs across copper-gold and gold targets, supported by government grants and resource upgrades.

Melbana Energy has commenced continuous oil production from its Amistad-2 well in Cuba, building a significant crude inventory while preparing for further drilling. The company maintains a solid cash position as it markets its Australian offshore assets.

Augustus Minerals reports significant advances in gold exploration at its Music Well Project with multiple high-grade assay results and secures a strategic licence application for the Mt Kare Gold Project in Papua New Guinea.

Far Northern Resources has completed its first phase of drilling at the Bridge Creek project, confirming significant high-grade gold mineralization and preparing for an expanded second phase of exploration.

Lakes Blue Energy has secured $6.5 million in new capital and is set to begin drilling the Wombat-5 gas well, targeting near-term supply to Victoria’s east coast market. Meanwhile, its Nangwarry carbon dioxide project moves forward with a fully funded feasibility study.

Killi Resources continues to build momentum at its Mt Rawdon West and West Tanami projects, progressing exploration and preparing for drilling while maintaining a solid cash position.

Buxton Resources reports significant progress across its exploration portfolio, including earthworks at Centurion, heritage survey completion at Madman, and a major graphite testwork success, while regaining full control of Fraser Range after IGO's exit.

Bubalus Resources has completed maiden drilling at its Bubalus South gold-antimony project and is gearing up for further drilling at Crosbie North and Avon Plains, supported by a strong cash position of AUD 3.25 million.

Piche Resources has secured key environmental approvals and completed significant groundwork at its Cerro Chacon Gold Project, while expanding its uranium tenements in Western Australia and planning further drilling at Sierra Cuadrada.

Buru Energy revises its Rafael Gas Project development plan, prioritising drilling the Rafael B appraisal well in mid-2026 and delaying the Final Investment Decision by six months, while maintaining first production for late 2027.