Latest Drilling Results News

Bubalus Resources has reported promising maiden drilling results at its Crosbie South prospect in Victoria, revealing high-grade gold mineralisation with significant associated elements. The discovery confirms an intrusion-related gold system with potential for further expansion.

Great Boulder Resources has released a scoping study for its Ironbark deposit within the Side Well Gold Project, highlighting a high-grade 100,000 oz resource and strong financial metrics that underpin a promising mining opportunity near Meekatharra, WA.

Rox Resources has made significant strides in advancing its Youanmi Gold Project, backed by a $40 million capital raise and promising drilling results that underpin an imminent resource update and feasibility study.

Cobre Limited has initiated an Environmental Impact Assessment and reported strong assay results from its Ngami Copper Project, setting the stage for a maiden Mineral Resource Estimate by August 2025.

Gold Road Resources has agreed to a $3.40 per share acquisition by Gold Fields, combining fixed and variable cash components tied to Northern Star shares. Meanwhile, Gruyere mine production remains steady, with costs edging higher and strong cash flow underpinning the company’s financial position.

West Cobar Metals has identified promising new copper, antimony, and silver targets at its Bulla Park project, supported by advanced geological and geophysical analysis. The company plans priority drilling to explore these zones and potentially expand its resource base.

Kula Gold Limited has reported impressive high-grade gold drilling results at its Mt Palmer Gold Mine, completing an 80% JV earn-in, while progressing exploration at Kirup and securing a niobium project approval in Malawi. The company faces a tight cash position but is actively managing funding.

Beacon Minerals has confirmed extensive near-surface laterite-hosted gold mineralisation at its Iguana Gold Project, highlighting promising grades for low-cost mining and advancing resource modelling.

Kingsgate Consolidated has completed drilling at the Chatree South-East Complex, delivering significant gold intercepts that underpin an inaugural resource estimate. Exploration success continues at nearby Chang Puek and Singto prospects, reinforcing the region's potential.

Wia Gold Limited has significantly upgraded its Kokoseb Gold Project resource to 2.93 million ounces, advancing steadily toward a Definitive Feasibility Study targeted for late 2026. The company’s accelerated drilling and strong high-grade results underpin its ambition to become Namibia’s fourth commercial gold mine.

Many Peaks Limited has raised A$13.5 million through a private placement to fund its inaugural Mineral Resource Estimate and exploration at Ferke South, while also increasing director remuneration to reflect company growth.

Evolution Mining has delivered record cash flow for FY25, meeting its original production and cost guidance amid high metal prices, while setting a confident outlook for FY26 with continued strong cash generation expected.