Latest Drilling News

Kingston Resources reported a 10% revenue increase to $15.8 million in Q1 FY26, driven by higher gold and silver output and successful flotation plant commissioning. Underground mining preparations are advancing, setting the stage for a production ramp-up.

Magnum Mining & Exploration has reported promising leach test results from its Brazilian rare earth projects and announced plans for a critical minerals processing hub in Nevada, supported by a $7 million capital raise.

Lotus Resources has marked a major milestone with first yellowcake production at its Kayelekera uranium mine in Malawi, progressing steadily towards full production in early 2026 while advancing its Letlhakane project in Botswana.

Galileo Mining reports standout gold assays up to 13.7 g/t with significant palladium and platinum at its Norseman project, setting the stage for upcoming RC drilling to test promising bedrock targets.

Codrus Minerals has completed its inaugural drilling campaign at the Bull Run Gold Project with promising assay results, while advancing uranium exploration in Canada and managing a cautious cash position.

Star Minerals has submitted key mining and environmental permits for its Tumblegum South Gold Project, backed by exceptional shallow gold drilling results and a $1.5 million capital raise. The company targets mining commencement in early 2026 amid robust project economics.

Megado Minerals has secured all seven exploration permits for its flagship Iberian Copper Project in Northern Spain, advancing geological mapping and planning airborne geophysics and maiden drilling. The company also raised A$780,000 through an institutional placement and appointed a new independent director.

Parabellum Resources has received official approvals to start drilling at its Miandetta target within the Redlands Project, aiming to confirm and extend nickel-cobalt mineralisation. The program is slated for completion by December 2025, with results expected early next year.

Sunshine Metals reports strong, shallow gold mineralisation across all drill holes at its Sybil project, reinforcing the potential of this underexplored epithermal system near Charters Towers.

Gateway Mining Ltd has initiated a large-scale aeromagnetic survey at its Glenburgh South project, while aggressive drilling continues at the flagship Yandal Gold Project, positioning the company for a pivotal exploration phase in 2026.

S2 Resources has agreed to sell its Fosterville exploration licence to Agnico Eagle for A$17 million and raised an additional A$3 million through a strategic share placement, positioning the company strongly for future exploration.

St George Mining showcased its Araxá rare earths and niobium project at EXPOSIBRAM 2025 in Brazil, highlighting strategic alliances with US processors and ongoing development progress. The company is positioning Araxá as a key non-China supply source amid shifting global rare earths dynamics.