Latest Drilling News

Vintage Energy and Vault Energy have agreed to negotiate a gas sales deal for Cullen-1 gas, aiming to fuel modular data centres onsite if flow tests confirm commercial viability. Vintage plans to fund testing via farm-out once permit tenure is secured.

Great Southern Mining (ASX:GSN) reported a substantial extension of gold mineralisation at its Golden Boulder discovery in Western Australia, alongside the commencement of deep diamond drilling co-funded by the WA Government. The company also raised A$4.2 million to fuel ongoing exploration.

Sunrise Energy Metals has confirmed strong economics for its Syerston Scandium Project with a US$120 million feasibility study, targeting 60 tonnes per year of scandium oxide and potential expansion to 180 tonnes. The project benefits from US government financing interest and rising global demand amid Chinese export restrictions.

Riedel Resources has secured majority control of two large gold projects in Western Australia’s Laverton district, transforming into a multi-jurisdictional explorer with a strong cash position to fund upcoming drilling campaigns.

Riedel Resources has secured a controlling interest in two vast gold projects in Western Australia's Laverton district, transforming it into a multi-jurisdictional gold explorer alongside its Arizona asset. The acquisition comes with a $2.5 million placement to fund aggressive exploration starting mid-2026.

Bass Oil’s March production faced Cooper Basin setbacks from heavy rains and storage limits, but trucking resumed in April with strong prices. Indonesian output remained steady with a sharp 47% price rise. The company is progressing its Vanessa gas field acquisition and Kiwi development with government backing.

Caspin Resources has reported strong high-grade tin assay results from the first 11 holes of its 2026 drilling campaign at the Kelpie Deposit, part of the Bygoo Tin Project in NSW, confirming mineralisation beyond the current resource envelope and supporting potential resource growth.

Saturn Metals has divested its West Wyalong Gold Project interests to Xpedra Resources, receiving cash and shares, as it concentrates on advancing its flagship Apollo Hill Gold Project in Western Australia.

Lincoln Minerals (ASX:LML) has received all necessary approvals to begin a significant air core drilling program at its Minbrie Copper Project in South Australia, targeting 17km of prospective copper stratigraphy including 1.7km of untested strike at Eagle Ridge. The company plans at least 40 holes in Q2 2026 to identify key targets for follow-up drilling.

Tartana Minerals has closed a $275,000 share placement to its directors at a significant premium, issuing 5.5 million shares and promising options exercisable at 5.5 cents. The company also flagged imminent settlement of a larger $1.7 million placement from earlier this year.

Buru Energy has enhanced the Rafael Gas Project’s mid-case value by over 45% through new engineering insights, while securing A$5.3 million to advance development. The company delayed appraisal drilling to 2027 to optimise funding and project design, and navigates a leadership change with CEO Thomas Nador stepping down.

Sunstone Metals has delivered a robust Scoping Study for its Bramaderos Gold-Copper Project in Ecuador, outlining a 23-year mine life, strong production rates, and a post-tax NPV of US$0.9 billion at a conservative gold price. The study highlights low operating costs and substantial exploration upside, setting the stage for a pre-feasibility study and funding pursuits.