Latest Drilling News

Auric Mining outlines a bold growth plan centered on Kalgoorlie, targeting 25,000–30,000 ounces of gold production from 2028 with a new processing facility and multiple project acquisitions.

Great Western Exploration (ASX: GTE) has begun diamond drilling at its Oval Copper-Gold Target, aiming to test a gravity anomaly linked to a potential large VHMS system akin to the nearby DeGrussa deposit. This marks the launch of a six-month program targeting nine copper-gold prospects across the Yerrida Basin.

Neometals has formalised a joint venture with BML Ventures to fund and operate open-cut mining at the Ironclad deposit, paving a near-term path to gold production at the Barrambie Gold Project.

Melbana Energy Limited’s March quarter report details modest crude production from the Alameda-2 well in Cuba and ongoing preparations for the Amistad-11 drilling, which remains on hold due to a joint partner’s funding default. The company holds $2 million in cash and continues to process seismic data to refine its subsurface models.

Megado Minerals Limited has secured A$1.65 million through a placement and director subscription to fund drilling and exploration at its Iberian Copper and Alpartir Silver-Copper projects in Northern Spain.

Beetaloo Energy Australia Limited has announced a non-underwritten placement and a follow-on share purchase plan to raise approximately A$66.3 million at a discounted price, aiming to finance the completion of the Carpentaria Gas Plant and advance development activities targeting first gas sales in late 2026.

Flynn Gold Limited (ASX: FG1) is intensifying exploration at its Golden Ridge Project in northeast Tasmania, focusing on trenching and drilling to extend high-grade gold mineralisation. Concurrently, the company is assessing the feasibility of a regional gold processing hub and progressing exploration at the Mangana Project with government support.

Invictus Energy has secured renewal of its Environmental Impact Assessment in Zimbabwe and is poised to execute a key Petroleum Production Sharing Agreement, enabling significant exploration and appraisal activities in the Cabora Bassa Basin.

Resolution Minerals Ltd reports significant 3D modelling results at its Antimony Ridge Mine Project in Idaho, revealing over 100 high-grade antimony-silver veins over a large area. The project has secured FAST-41 status to accelerate permitting and development.

MRG Metals Limited has reported high-grade Total Heavy Mineral (THM) assay results from the fifth alluvial target at its Adriano Rare Earth Project in Mozambique, reinforcing district-scale mineralisation across five targets. Mineralogical studies and assays from adjacent licences are pending, supporting the broader Adriano-Fotinho critical mineral corridor potential.

Tivan Limited has reported significant high-grade copper, gold, and cobalt assay results from surface sampling at its Baucau and Ossu Projects in Timor-Leste, reinforcing the projects’ exploration potential and setting the stage for expanded field activities.

Red Sky Energy has secured full underwriting for its 2-for-3 non-renounceable rights issue to raise approximately AU$4.2 million, supported by sub-underwriting commitments from related parties. Concurrently, the company has initiated a cost reduction program including a 25% pay cut for senior management and staff reductions.