Latest Drilling Results News

Magmatic Resources and Fortescue have agreed on a $3.5 million exploration budget for FY25-26 at the Myall Project, focusing on extensive drilling to unlock copper-gold potential. Early results highlight promising mineralisation at the Calais prospect, setting the stage for accelerated exploration.

Zenith Minerals has kicked off its Phase 1 drilling campaign at the Dulcie Far North gold prospect, setting the stage for a larger exploration push later in 2025 aimed at expanding its mineral resource base.

Australasian Metals has identified a significant silicified breccia zone linked to strong geophysical anomalies at its May Queen Gold Project, prompting plans for a substantial drilling campaign.

Redcastle Resources has unveiled a positive Scoping Study for its Queen Alexandra gold project, highlighting a high-return open pit operation with near-term production potential and robust economics at current gold prices.

Antipa Minerals reports significant assay results from its CY2025 Phase 1 drilling at the Minyari Gold-Copper Project, revealing substantial resource extensions and new discoveries. With Phase 2 drilling and a Pre-feasibility Study underway, the company is advancing towards a potential standalone gold development.

Everest Metals Corporation’s initial drilling at Mt Dimer Taipan confirms promising gold and silver mineralisation, with resource expansion potential and mining approvals expected soon.

Alara Resources reports strong operational progress at its Al Wash-hi Majaza copper-gold project and promising exploration advances across multiple Oman concessions, supported by a $3.4 million capital raise.

Infini Resources has announced a Phase 2 diamond drilling program at its flagship Portland Creek Uranium Project, alongside significant airborne survey results from Saskatchewan projects and the appointment of a seasoned mining executive as CEO.

BMG Resources reports strong assay results from Abercromby’s Phase 1 drilling, confirming high-grade gold mineralisation and broad alteration zones, while initiating a new drilling campaign at Bullabulling targeting near-surface gold.

Alice Queen Limited has completed its maiden diamond drilling program at the Viani Project in Fiji, confirming continuous high-grade epithermal gold mineralisation to depths of 300 metres. The company also secured nearly $1 million in funding to advance exploration efforts.

Variscan Mines has expanded its Novales-Udias zinc project in Spain with two new exploration licenses and reported promising underground drilling results at the Udias Mine, signaling strong potential for resource growth and mine restart.

St George Mining has unveiled a maiden JORC-compliant resource at its Araxá Niobium-Rare Earth Project, initiating an expanded drilling campaign backed by a $5 million capital raise to accelerate development.