Latest Drilling News

Winchester Energy has commenced drilling the JVU-5 well in its Varn waterflood project in Texas, marking a key step in unlocking over one million barrels of oil equivalent reserves. The operation underscores the company’s commitment to expanding its US production footprint.

Dundas Minerals has raised $1.1 million through a discounted share placement to fund ongoing gold exploration in Western Australia, alongside appointing a new Company Secretary to strengthen corporate governance.

Kingsland Minerals Limited has launched a Share Purchase Plan offering eligible shareholders the chance to buy shares at a 20% discount, aiming to raise up to $500,000 to advance its Leliyn Graphite Project.

Neometals Ltd has initiated an 8,300-metre drilling campaign targeting high-grade gold zones at its 100% owned Barrambie Gold Project in Western Australia, aiming to unlock new resource potential and advance towards production.

Power Minerals Limited has secured an option to acquire the Gamma Heavy Rare Earths Project in California, adjacent to the Mountain Pass Mine, backed by a $4.1 million placement to accelerate exploration.

Kula Gold Limited has addressed recent share price and volume spikes, confirming no undisclosed information while highlighting exploration progress and market factors driving investor interest.

Maronan Metals has raised $16 million through a well-supported institutional placement and launched a $3 million Share Purchase Plan to fund development of its high-grade silver-lead and copper-gold project in Queensland.

HyTerra Limited reports encouraging hydrogen and helium gas flows from its McCoy 1 well in Kansas, setting the stage for a production test in 2026.

Savannah Goldfields reports promising high-grade gold assay results from its latest drilling campaign at Big Reef Extended, reinforcing the Georgetown Project’s near-term mining potential.

Locksley Resources has produced a high-grade antimony concentrate exceeding market standards from its Desert Antimony Mine in California, marking a significant step toward a fully domestic US antimony supply chain.

Ausmon Resources has completed a 23-hole aircore drilling program at its Parrakie tenement in South Australia, revealing encouraging preliminary rare earth element concentrations. The results pave the way for further exploration and resource definition in the Limestone Coast REEs Project.

Adelong Gold has initiated a diamond drilling program at its Lauriston Gold-Antimony project in Victoria, targeting historic high-grade gold and antimony mineralisation. The initial 3,000m campaign aims to test structural analogies to major Victorian gold systems with assay results expected by year-end.