Latest Drilling Programmes News

Global Gold Mining has reported recoveries of up to 91.4% from metallurgical tests at its Sturec gold deposit in Slovakia, providing a useful processing input for the project’s pre-feasibility study. The result is encouraging, but the weaker 79.5% recovery from transitional material and the laboratory-scale nature of the work remain important qualifications.

PC Gold’s Spring Hill project emerged from FY2026 with a sharply larger resource, fresh institutional funding and a clearer path towards feasibility studies. The gold explorer remains pre-production and loss-making, but its post-year-end A$75 million raise gives it substantial room to expand drilling and development work.

Reach Resources has increased the Blue Heaven resource by 30% to 80,000 ounces while advancing a proposed profit-sharing mining arrangement with Andel Resources. The progress came alongside a sharply larger FY2026 loss and a balance sheet still dependent on future project execution.

Historical work has identified widespread near-surface columbo-tantalite mineralisation at Australasian Metals’ Atex project in Côte d’Ivoire, adding a potential tantalum stream to its lithium strategy. The results are encouraging, but the underlying estimate is non-JORC, unverified and based on incomplete historical records.

Five of nine diamond holes at Minrex's Barje deposit have returned the widest and highest-grade intersections drilled there, challenging the historical model of a low-grade central corridor. The results arrive ahead of a maiden JORC resource estimate planned for next quarter.

Magnum Mining has completed a 10,000-metre auger programme at its Piracanjuba North ionic adsorption clay rare earths project in Brazil, shifting its focus to a 32.5km² plateau zone. The company is targeting a maiden JORC 2012 Mineral Resource Estimate in November, but the project remains at an early exploration stage with no declared resource or reserve.

Many Peaks Minerals has extended the tested vertical depth of gold mineralisation at its Ferké project by about 70%, with a deepest intercept returning 40.3 metres at 3.89g/t gold. The results support a planned resource update and preliminary assessment of underground mining, but remain exploration results outside the current resource.

Anax Metals has moved its Whim Creek copper-zinc project closer to a targeted investment decision, backed by strong feasibility economics and new drilling. But the annual report makes clear that development still depends on securing further funding, with the auditor warning of a material uncertainty over going concern.

Infinity Metals has reported a sharply smaller FY2026 loss as it shifts its exploration focus towards the United States and Australia. The pivot follows rejection of its San José mining licence application, a A$2.25 million placement and a growing portfolio of early-stage copper, molybdenum and tin targets.

Nexus Minerals has secured firm commitments for a A$5.4 million placement to fund drilling and exploration across its Wallbrook Gold Project and NSW Mineral Project. The raise is priced below recent market benchmarks and is expected to lift cash above A$8.7 million before costs.

Cobre has logged copper sulphide mineralisation in its first deep diamond hole at Sierra Atacama since 2021, extending the system below the existing operation. The result is encouraging but remains visual and preliminary, with laboratory assays due in October.

CGN Resources has expanded its exploration footprint across gold and copper, but the annual report pairs that growth with a material going-concern uncertainty. The company ended FY2026 with $2.11 million in cash against $1.99 million of operating cash outflows.