Latest Drilling Results News

Artemis Resources has repositioned around West Pilbara gold-copper exploration and the emerging Madura province, but its audited accounts warn that further funding is required to sustain planned activities. The company ended the year with $3.45 million in cash after an $8.81 million loss and a $5.23 million exploration write-off.

Resource Minerals International has expanded its exploration push across Tanzania and Saudi Arabia, but auditors flagged a material uncertainty over the company’s ability to continue without future capital raisings. The ASX-listed explorer ended FY2026 with $2.12 million in cash after raising funds through placements and convertible securities.

Xenora Minerals has reduced its annual loss and lifted cash to A$2.17 million while advancing geochemical targets at the Dudley Lithium Project. The next test is whether those anomalies can justify drilling and support the company’s next funding decision.

Nexus Minerals has more than doubled its Wallbrook Mineral Resource to 631,000 ounces, lifting group resources to 709,000 ounces across Western Australian projects. The expansion comes alongside a $6.53 million FY2026 loss, falling cash reserves and a post-year-end $5.4 million capital raising.

Great Southern Mining finished FY2026 with A$4.76 million in cash after selling Southern Star to Regis Resources and raising A$4.63 million, while drilling extended gold mineralisation at several Western Australian projects. The exploration story is advancing, but the annual report also contains an apparent inconsistency in the reported annual profit that warrants clarification.

Dundas Minerals has extended interpreted gold mineralisation at Rockland to about 170 metres below surface, led by a 4-metre interval grading 4.87 g/t gold. The early results strengthen the geological case for a 1-kilometre mineralised trend, but one-metre verification assays and more drilling are still required.

QMines has reported a broad 44-metre copper intersection and high-grade zinc-lead-gold-silver mineralisation from six holes at Mt Chalmers. The results support ongoing Definitive Feasibility Study work, while a hole ending in copper mineralisation and upcoming barge drilling add further exploration interest.

Anax Metals has reported broad, high-grade copper-equivalent intersections at Mons Cupri, including 85.90 metres at 2.89% CuEq. The results support the existing resource model and early mining sequence as Anax works towards financing, FEED completion and a potential Final Investment Decision.

Talonx Resources Limited (ASX:TXR) is positioning its portfolio around two distinct exploration propositions: a near-term maiden resource pathway at Viking’s Beaker 2 prospect and district-scale copper potential at Kihabe in Botswana. The September investor presentation largely repackages previously reported results, rather than announcing a new discovery or resource upgrade.

Southern Hemisphere Mining has reported its strongest Llahuin drilling results yet, but the copper explorer ended FY26 with just $110,027 in cash and a material going-concern uncertainty. The company is relying on further funding, related-party borrowings, asset sales and a possible Chilean VAT refund to keep exploration moving.

Emerald Resources-backed Manda Resources has completed a suite of North Queensland asset acquisitions, lifting its combined global JORC gold resource to 1.33Moz. The vehicle has started drilling and appointed experienced explorer Tara French as CEO ahead of a proposed ASX listing later in 2026.

Avira Resources is remobilising its RC rig to resume a 4,500-metre drilling program at Mt Cattlin, with first-pass holes planned at the historically high-grade Sirdar and Ellendale prospects. The next phase follows strong results from Maori Queen and Plantagenet, but the key test will be whether historical grades translate into repeatable mineralisation under Avira’s drilling.