Latest Drilling Preparation News

Patagonia Lithium’s Well 7 at Formentera delivered a lithium assay of 270ppm at 282m, close to the project average, alongside encouraging porosity and specific yield results that underpin production potential. Drilling will now shift to the Cilon concession, targeting a high-grade lithium zone.

Emperor Energy has submitted a revised Environmental Plan for its Judith-2 appraisal well and is advancing drilling preparations, including securing contractors and negotiating the Valaris-107 rig contract for a late Q1 2027 start.

Australian Gold and Copper Ltd (ASX: AGC) is set to expand its NSW footprint by acquiring the Junee Gold Project for $5.4 million in shares, supported by a concurrent $5 million placement to accelerate exploration.

Killi Resources has significantly extended the King Louie Breccia gold-copper-molybdenum anomaly at its Mt Rawdon West Project, setting the stage for imminent drill testing backed by government funding.

Havilah Resources has locked in a $105 million upfront payment from Sandfire Resources for the Kalkaroo project and signed a binding farm-in agreement with Hillgrove Resources for Mutooroo, while gearing up for regional drilling in South Australia’s Curnamona Province.

Australian Gold and Copper Ltd (ASX: AGC) has secured the Junee Gold Project in NSW through a $5.4 million share deal, adding seven drill-ready gold targets and raising $5 million to accelerate exploration.

Tasman Resources appoints experienced director Adam Turnbull as it raises $4.05 million to fund expanded drilling at Parkinson Dam and Lake Torrens projects, positioning for a potentially transformative 2026 exploration year.

GBM Resources has reported high-grade gold intersections outside the current 309 deposit resource at its Twin Hills project, reinforcing the potential for resource growth and advancing development plans.

TMK Energy has inked a MoU with Dashvaanjil Group to develop a 1MW gas-to-power plant at its Gurvantes XXXV project, aiming to secure reliable onsite power and open commercial gas sales by Q3 2026.

88 Energy has upgraded its South Prudhoe Project prospective resources by 35%, adding a maiden Brookian reservoir estimate and increasing Ivishak resources by 44%, setting the stage for its high-impact Augusta-1 well in Alaska next year.

Condor Energy has submitted its application to convert the offshore Tumbes Basin TEA 86 into a Licence Contract, securing 100% ownership and expanding its prospective resources to over 3.3 billion barrels of oil and 1 Tcf of gas.

Oceana Metals is launching a major drilling and re-assaying campaign at its Serra Negra Rare Earths Project in Brazil, aiming for an initial resource estimate later in 2026.