Latest Drilling News

Carnaby Resources has landed a A$12.5 million investment from the Queensland government-backed QIC Critical Minerals and Battery Technology Fund, accelerating development of its Greater Duchess copper-gold project. The funding will underpin key feasibility studies and position the company for a final investment decision by late 2026.

Nimy Resources is advancing its Mons Critical Mineral Project with a comprehensive geochemical sampling program and high-resolution airborne magnetic surveys targeting gold, base metals, and gallium. These efforts aim to extend known mineralised zones and refine upcoming drilling strategies.

Solis Minerals has reported encouraging initial drill results from its Ilo Este and Chancho al Palo projects in Peru, revealing extensive copper-gold mineralisation and signs of a high-grade porphyry core.

Evolution Mining delivered a record $366 million net mine cash flow in the September quarter, advancing key projects and reducing gearing to 11%, positioning itself strongly for FY26.

Prospect Resources has extended the strike length of its flagship Nyungu Central deposit beyond 1.5 km, revealing significant copper and gold mineralisation. Final assay results from Kabikupa and ongoing exploration set the stage for a late 2025 resource estimate update.

Savannah Goldfields is advancing steadily towards resuming gold production at its Georgetown project, with plant maintenance on track and significant ore haulage underway.

Astral Resources reports strong assay results from 29 additional holes at Theia Deposit, confirming broad zones of high-grade gold consistent with its existing resource model. The ongoing in-fill drilling program advances the Mandilla Gold Project towards production readiness.

iTech Minerals has delineated a significant antimony and gold mineralised corridor spanning over 6km by 2km at its Reynolds Range project in the Northern Territory, supported by detailed historical soil sampling and recent high-grade rock chip assays. The company is poised to commence drilling at key prospects following imminent government approvals.

Iltani Resources has locked in an $8 million investment from Queensland’s government-backed QIC fund to fast-track its Orient Silver-Indium Project, positioning the company at the forefront of critical minerals development in Northern Queensland.

Osmond Resources has completed geological logging of its first drill hole at the Orión EU Critical Minerals Project, identifying seven promising mineral layers. A second drill rig is now operational to further test the continuity of these layers.

29Metals maintains steady copper output at Golden Grove despite seismic disruptions to zinc production, while progressing key growth projects and regulatory steps toward Capricorn Copper’s restart.

29Metals reports a steady copper output but significant zinc production decline due to seismic disruptions at Golden Grove, alongside rising operational costs and ongoing progress at Capricorn Copper.