Latest Drilling News

ADX Energy’s HOCH-1 exploration well in Upper Austria delivered a promising clean-up flow of 2.8 million cubic feet per day from its first tested gas zone, signalling encouraging reservoir potential ahead of further testing.

Melbana Energy halts direct involvement in its Cuban Block 9 project following US sanctions on CUPET, its contractual counterparty, while it seeks legal clarity on the complex regulatory landscape.

Kingston Resources secures $12.9 million through placement and entitlement offer to fund a 25,000m drilling program and plant expansion at its Mineral Hill polymetallic mine, bolstering cash reserves to $32.3 million ahead of a planned operational restart.

Avira Resources has completed 1,308 metres of reverse circulation drilling across the Maori Queen and Plantagenet prospects at Mt Cattlin, submitting initial samples for assay as it targets a maiden resource estimate by year-end.

Aguia Resources has rapidly converted its Pampafós phosphate fertiliser project into commercial sales, securing AUD 600,000 in revenue within 14 days, anchored by a 2,000-tonne contract with a leading Brazilian agricultural cooperative.

Platina Resources has completed its acquisition of the Mt Morgans South Project from Genesis Minerals, adding 18 tenements in a prolific gold district and setting the stage for a focused exploration campaign.

Terra Critical Minerals has validated significant historical tin and indium grades at its newly granted Tamworth Tin Project in NSW, highlighting promising exploration targets across hard-rock and alluvial deposits.

Terra Metals’ latest drilling confirms a large-scale, continuous PGM-Cu-Ni-Co sulfide system at its Southwest Prospect, extending the mineralised footprint beyond the existing Dante resource and setting the stage for a maiden Southwest Mineral Resource Estimate later this year.

Power Minerals has landed a A$1.7 million investment from a prominent international resources fund, reinforcing its financial firepower to push ahead with diamond drilling and metallurgy work at the Morro do Ferro Rare Earths Project in Brazil.

TechGen Metals has secured A$2.7 million through an oversubscribed placement to fast-track maiden drilling at its flagship Blue Devil copper-gold project in WA, alongside advancing exploration at Dalgaranga and John Bull gold assets.

Matsa Resources has received the last $1.65 million option instalment from AngloGold Ashanti, bringing total payments to $9.5 million under their Lake Carey project agreement. AngloGold Ashanti must decide by December whether to exercise the $101 million option.

Koonenberry Gold (ASX:KNB) has pinpointed a significant near-surface porphyry copper-gold target at its Dunedoo Project in NSW, backed by robust geological, geophysical, and geochemical data. Drill permits are secured for a Q3 2026 campaign targeting multiple priority prospects including Bolinda Vale, Hillside, and Tucklan.