Latest Drilling Programs News

PDI Gold has reported its first consolidated Mineral Resource and Ore Reserve statement since merging with Robex, lifting total resources to 10.1Moz and reserves to 4.8Moz. The headline growth came from the merger and a larger Kiniéro reserve, although Bankan’s development remains dependent on Guinea granting its exploitation permit.

Lord Resources has extended copper mineralisation across multiple lodes at Ilgarari, but its FY2026 annual report carries a material uncertainty over whether the explorer can continue as a going concern. The company ended the year with $554,820 in cash after a $2.54 million loss and $1.87 million of operating cash outflows.

Nico Resources is advancing drilling, metallurgical studies and a potential downstream battery-materials partnership at Wingellina, despite a subdued nickel market and a larger annual loss. The company ended FY2026 with $4.73 million across cash and short-term investments after raising $3.73 million in equity.

Arika Resources has consolidated full ownership of its two Western Australian gold projects after a year of expanding mineralisation and fresh high-grade targets. The exploration story is gathering momentum, but auditors have flagged material uncertainty around funding as the company moves into a more than 20,000-metre drilling campaign.

Bubalus Resources finished 2026 with $3.03 million in cash after posting a $1.62 million loss and writing off $1.01 million of exploration assets. The exploration company is narrowing its focus across Victorian gold, rare earths and lithium targets, but says further funding may be required.

Far Northern Resources expanded its Northern Territory gold inventory to 117,000 ounces during FY26, while Bridge Creek moved closer to mining studies. The progress came alongside a wider annual loss, falling cash reserves and an auditor-emphasised going-concern consideration.

LinQ Minerals finished its first full year as an ASX-listed explorer with $16.23 million in cash after spending heavily on Gilmore drilling and raising $15.4 million. The company reported encouraging gold and copper results, but its next phase will test whether exploration success can translate into a larger resource and a credible development pathway.

Lunnon Metals has delivered thick, consistent gold intersections at the Plentiful prospect, where drilling now sits at approximately 20m by 20m spacing. The company is moving towards modelling and economic assessment, although a separate deep-drilling target failed to deliver enough encouragement for further work.

Lac Gold’s first 15,000-metre drilling campaign at Rouyn has strengthened its geological model, including a standout 5.65-metre intersection grading 141.29 g/t gold. But the annual report also flags a material uncertainty over going concern as the company approaches its first C$6.67 million promissory note repayment.

Maritana Minerals has extended gold mineralisation beneath the planned Pit 4 floor at Boorara, with drilling still open at depth. The results could feed a larger resource and revised pit design, although assays, estimation and optimisation work remain ahead of a targeted mid-2027 restart.

Castle Minerals has identified six ranked gold targets across its 212km² Nielle project in Côte d’Ivoire, including previously unreported intercepts of up to 8m at 3.65g/t gold from surface. The company is preparing an Exploration Target for the historically drilled zone while planning new drilling, subject to the permit being granted.

Nordic Resources has recorded gold recoveries of up to 90% and copper recoveries of up to 91% at its Kopsa gold-copper project in Finland using a conventional processing route. The results will feed into an updated resource estimate expected in October, while a new 12,000-metre drilling program is already under way.