Latest Drilling Programmes News

Aurora Energy Metals (ASX:1AE) swung to a $21.8 million profit after selling its Oregon uranium project, but the result was driven largely by a non-cash accounting gain. The company’s concentrated Eagle Nuclear Energy stake was valued at about $15.5 million by the annual report date, down from $23.9 million at 30 June.

Viking Mines has repositioned itself around Nevada tungsten, with Linka producing a 56.9% WO₃ concentrate at 76.0% recovery and gaining approval for a 63-hole maiden drilling programme. The opportunity is advancing, but the company remains loss-making, has no JORC resource at Linka and will need further funding as work accelerates.

Caprice Resources has put its Murchison gold portfolio at the centre of a larger exploration campaign after extending Vadrians mineralisation and raising A$12.8 million. The company remains pre-production and loss-making, with a maiden resource estimate still to come.

Estrella Resources has delivered a 27,371-tonne manganese stockpile and a maiden 621-million-tonne limestone resource in Timor-Leste, but the operational progress came alongside a $23.98 million FY2026 loss and a $21.13 million impairment of Western Australian assets. The next test is whether the manganese stockpile can become cash and whether Werumata can move beyond an Inferred resource.

Metal Bank has made Homestead its preferred route to first Western Australian gold production, targeting 2027 while reporting a $4.38 million annual loss and a material going-concern uncertainty. The company ended June with $1.86 million in cash and says further funding may be required.

Global Gold Mining ended 2026 with $7.7 million in cash and a cleaner balance sheet, but remains loss-making and dependent on future funding as it pushes Sturec towards a pre-feasibility study. The company’s new identity and board are now attached to a project with 2.686 million ounces of gold, no declared Ore Reserve and several technical milestones still outstanding.

Emu NL has moved from geological validation at Fiery Creek into a larger drilling campaign at its Yataga Valley copper project, after ending FY2026 with $3.15 million in cash. The progress comes with a material warning: the auditor said the company’s ability to continue as a going concern depends on securing further capital.

Thor Energy has pushed HY-Range closer to drilling after recording natural hydrogen readings of up to 3% and commissioning a 464 line-kilometre seismic survey. But the annual report also carries an explicit material uncertainty over going concern, leaving funding as the project’s immediate constraint.

GreenX Metals has put a conceptual copper-silver target at Tannenberg and a major Poland arbitration award at the centre of its next phase. The annual report also shows the cost of that strategy: a $12.34 million loss, a $4.42 million project impairment and continued reliance on equity funding.

Charger Metals has reduced its FY2026 loss and secured $3.75 million from the sale of Bynoe, giving the lithium explorer more room to advance its Lake Johnston assets. The company’s Medcalf resource now stands at 10.6Mt, although further drilling and funding will be needed to test its economic potential.

Larvotto Resources has extended high-grade antimony-gold-tungsten mineralisation at Clarks Gully about 100 metres beyond its 2025 resource model, with drilling also identifying several hanging-wall lodes. The results could support a larger resource and a potential underground feed source for Hillgrove, but assays, modelling and permitting work remain outstanding.

Athena Resources has expanded its Byro Magnetite Project resource to 76.3 million tonnes and begun drilling at Narryer, the prospect earmarked for potential early development. The progress came with a $1.11 million FY2026 loss, a non-binding joint venture and fresh funding still supporting an exploration-stage business.