Latest Drilling Preparation News

Pancontinental Energy has won a crucial 12-month extension for its PEL 87 offshore Namibia exploration licence, enabling further seismic analysis and drilling preparations. This extension keeps the project on track as the company seeks a farmin partner to advance exploration.

Vintage Energy launches a $2.1 million entitlement offer to fund critical oil prospect evaluations and install a permanent connection to the Odin gas field, aiming to cut operating costs and advance drilling plans.

Tasman Resources reports progress on drilling preparations at its South Australian projects, with Fortescue-led heritage surveys set to unlock Titan West drilling this year, while Parkinson Dam faces scheduling delays.

ADX Energy has secured a crucial extension on its loan note repayments, unlocking financial flexibility to advance multiple drilling and development projects across Austria and Italy.

Magnum Mining and Exploration has identified four promising gold and copper targets at its Parker Gold Project in Arizona, following an ultra-high resolution aeromagnetic and radiometric survey. The findings highlight potential extensions of historic mineralisation and set the stage for imminent drilling.

Pioneer Minerals has reported exceptional uranium surface assay results up to 4,257 ppm U3O8 at its Skull Creek Project in Colorado, advancing the project to drill-ready status with priority concealed targets identified.

Corazon Mining has initiated a heritage survey and secured government approval to begin drilling at its promising Two Pools Gold Project in Western Australia, targeting a significant gold anomaly with high-grade historical intercepts.

Havilah Resources has secured a $31.5 million cash payment and $15 million in exploration funding from Sandfire Resources, accelerating plans for drilling and development around the Kalkaroo copper-gold deposit in South Australia.

Recharge Metals Limited has inked a binding deal to acquire the Sunset Well Gold Project in Western Australia's Leonora district, featuring a 94,500-ounce inferred gold resource. The company has also secured $5.75 million in capital to kickstart drilling and exploration activities.

Cosmo Metals has secured $1.55 million through a fully underwritten entitlement offer to fund near-term drilling at its Kanowna Gold Project in WA and the Bingara and Nundle projects in NSW. The capital raise includes free attaching options, with strong backing from major shareholders and management.

Reedy Lagoon Corporation is advancing preparations for drilling at its Burracoppin Gold and Iron projects in Western Australia, while actively seeking joint venture partners to fund next phases.

Bulletin Resources is gearing up for a new drilling campaign at its Lake Rebecca Gold Project while strengthening its financial footing through asset sales and investments.