Latest Drilling Projects News

Vintage Energy has locked in $5 million in South Australian government grants to co-fund drilling two new gas wells, aiming to boost output from the Southern Flank projects in the Cooper Basin.

Dalaroo Metals has mapped a substantial 7-kilometre gold corridor at its Gold Ridge Project in Côte d'Ivoire, highlighted by a standout soil assay of 23.26g/t Au. The company is advancing with a 5,000m auger drilling program ahead of a fully funded +20,000m RC drilling campaign starting July 2026.

FMR Resources has identified several large-scale magnetic intrusive centres beneath known copper-gold mineralisation at its La Lorena Project in Chile, setting the stage for drill testing in late 2026.

Diablo Resources has secured an 80% interest in the historic Horn Silver Project in Utah, a prolific high-grade silver and gold mine, supported by a $3.5 million placement to fund immediate drilling and district-scale exploration.

Alma Metals has launched an extensive drilling campaign at its Briggs Copper Project in Queensland, aiming to upgrade and grow its 2 million tonne copper resource ahead of pre-feasibility studies.

Bayan Mining and Minerals has locked in a reverse circulation drill rig with Alaska Midnight Sun Drilling for its first-ever drilling at the Desert Star rare earth project in California, targeting up to 1,000 metres from June 2026. The fully permitted program aims to test high-grade surface mineralisation and geophysical targets near the Mountain Pass mine.

Cavalier Resources has signed non-binding term sheets for a combined US$13 million gold prepayment and A$5 million gold loan to fund the Stage 1 development of its Crawford Gold Project, significantly improving project economics and financial flexibility amid softening gold prices.

Titan Minerals Limited has reported a significant 25% increase in gold resources and a 19% rise in silver at its Dynasty Gold Project in Ecuador, driven by successful drilling at the Cerro Verde deposit. This updated Mineral Resource Estimate sets the stage for advancing scoping studies and further exploration.

Galilee Energy has confirmed the Zydeco-1 well is drill-ready following enhanced 3D seismic analysis, aiming to tap up to 8 billion cubic feet of gas and 0.5 million barrels of condensate in Louisiana with spudding planned for the second quarter of 2026.

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.

Diablo Resources has significantly increased its Star Range critical minerals project footprint in Utah, securing additional claims that extend the high-grade North Star Prospect. The move sets the stage for imminent drilling and advances the company’s alignment with US critical minerals supply goals.

Riversgold has locked in a full funding and operational deal with MEGA Resources for its Northern Zone Gold Project near Kalgoorlie, while also advancing exploration in Canada and raising $2 million to fuel growth.