Latest Drilling News

Australian Mines Limited reports strong gold drilling results at its Boa Vista project in Brazil and initiates new scandium-nickel-cobalt drilling in NSW, supported by a $4 million capital raise to accelerate exploration.

Finder Energy is accelerating its KTJ oil project in Timor-Leste, securing a key FPSO vessel and a major funding partnership to target first oil by the end of 2027. Strategic alliances and resource upgrades underpin a fast-moving development plan.

Finder Energy Holdings has completed the acquisition of the Petrojarl I FPSO, a critical step that de-risks the KTJ Project and accelerates its path to a Final Investment Decision expected by mid-2026. The company also secured A$25 million in funding and achieved a significant resource upgrade.

Sun Silver Limited reports robust drilling results from its Maverick Springs Project, revealing mineralisation grades surpassing existing resources and highlighting significant antimony presence. These findings bolster the project's strategic appeal amid a strong silver market and critical minerals focus.

Brightstar Resources has reported significant early-stage gold intercepts from its Sandstone Hub aircore drilling program, highlighting promising targets for upcoming drilling campaigns.

Cosmo Metals has identified two promising volcanic massive sulphide targets within the Mt Everest – Mona corridor at its Bingara Project, setting the stage for the first drilling campaign in this historically underexplored VMS belt.

Auric Mining Limited has reported a standout December quarter, delivering strong gold production and cashflow from its Munda Gold Mine while advancing key projects at Burbanks and Lindsay’s.

Dynamic Metals Limited has made significant strides in its Western Australian exploration projects, securing government funding and reporting promising early assay results. The company maintains a strong cash position to support ongoing activities across gold, lithium, and fluorite targets.

Bubalus Resources has completed its maiden drilling program at the Avon Plains Gold Project, with assay results due soon, while advancing exploration across multiple Victorian and Northern Territory projects.

Mitchell Services Limited has reported a remarkable first half of FY26, posting a 71% increase in quarterly EBITDA and achieving a net cash position of $7.2 million. The company’s strong operating cashflows and improved market conditions underpin its optimistic outlook.

Black Horse Mining successfully completed an $8 million IPO and has begun active exploration at its Mt Egerton Gold Project, with drilling results expected by February 2026.

Magmatic Resources has reported encouraging Phase 2 reverse circulation drilling results at its Weebo Gold Project, confirming shallow gold mineralisation along a 5 km strike at the Ockerburry and Scone Stone prospects. The results reinforce the exploration model and set the stage for upcoming air-core drilling outcomes.