Latest Drilling Updates News

AngloGold Ashanti’s recent drilling on Matsa Resources’ Lake Carey tenement M39/599 has revealed a significant 2-kilometre gold mineralised trend with multiple high-grade intercepts, underscoring the prospect’s exploration potential.

Basin Energy has lodged a new exploration licence application adjacent to its Sybella-Barkly Rare Earth Project in northwest Queensland, enlarging its rare earth target area amid promising early drilling results and government support.

Yugo Metals has unveiled promising initial gold results from its first-ever drilling at the Erak Prospect within the Sinjakovo Project, marking a significant step forward in its European exploration campaign.

Black Canyon’s latest drilling at Wandanya extends high-grade manganese and iron mineralisation 300m north and expands cross-strike widths to 800m, reinforcing the project’s potential for low-cost direct shipping ore.

Cazaly Resources has delivered upgraded assay results confirming high-grade gold mineralisation extending beyond 200m depth at the Goongarrie Gold Project, with multiple shoots open at depth and along strike.

Nelson Resources has staked 186 federal claims forming the Cinnamon Property in Nevada, directly adjoining Guardian Metal's Pilot Mountain tungsten project, positioning itself in a critical US mineral district amid soaring tungsten prices and supply concerns.

Forrestania Resources has reported significant high-grade gold intersections from its 2026 drilling campaign at the Mt Palmer Gold Project, reinforcing the potential to expand its mineral resource near key processing infrastructure in Western Australia.

Austral Resources has bolstered its Cameron River Project with final assays revealing gold and silver alongside high-grade copper at Snow Queen, underpinning its regional growth strategy.

Corazon Mining has requested a voluntary suspension of its ASX-listed shares pending an announcement on drilling results and a potential acquisition, with trading halted from 12 to 15 May 2026.

Unico Silver’s latest drilling at the Joaquin Project delivers record silver equivalent grades at Breccia Puntudo and expands mineralisation at La Negra SE and La Morocha SE, underpinning resource growth ahead of the Pre-Feasibility Study.

Tribune Resources plans an on-market buyback of up to 5.25 million shares valued at approximately $27.8 million, aiming to return capital without disrupting ongoing operations.

Brightstar Resources (ASX:BTR) has reported multiple high-grade gold intercepts from ongoing drilling at its Sandstone Gold Project, supporting a mid-year resource upgrade and Pre-Feasibility Study.