Latest Drilling News

Kincora Copper has closed a fully subscribed $4 million private placement, positioning itself to advance drilling at its Condobolin project and expand its exploration portfolio.

Sunrise Energy Metals has addressed ASX concerns over recent share price volatility, confirming no undisclosed material information beyond announced scandium assay results. An updated Mineral Resource Estimate and Feasibility Study for the Syerston project are expected imminently.

Lakes Blue Energy reports encouraging early natural gas shows at its Wombat-5 well in Victoria’s Gippsland Basin, advancing drilling towards a significant horizontal production zone.

Argent Minerals updates investors on its flagship Kempfield Project, highlighting resource expansion, exploration upside, and development plans aimed at early production and cash flow generation.

Argent Minerals has raised $4.85 million through an oversubscribed placement to fast-track exploration and development at its Kempfield Silver-Polymetallic Project and nearby copper-gold assets in New South Wales.

Marquee Resources has confirmed consistently high-grade antimony mineralisation at its Mt Clement (Eastern Hills) Project, setting the stage for a maiden JORC resource estimate expected within two weeks.

Lithium Energy Limited has identified promising Mt Morgan-style gold-copper mineralisation within its Capricorn Gold-Copper Belt Project in Central Queensland, supported by re-assayed historic drill cores. The company plans to fast-track exploration with advanced geophysical surveys and drilling.

Rubix Resources (ASX, RB6) has resumed trading after lifting its suspension, following key announcements on its drilling program, capital raising, and a proposed acquisition.

Rubix Resources Limited has responded to ASX inquiries about unusual trading activity by disclosing initial drilling observations at its Paperbark Project and preliminary discussions on a potential acquisition, while cancelling a planned capital raising.

Rubix Resources has entered a non-binding agreement to acquire bauxite exploration projects in Cameroon and Congo, with a structured payment plan including cash, shares, and performance rights tied to resource milestones.

Diablo Resources has secured key drilling approvals for its Phoenix Copper Project in Utah, accelerating exploration in a critical US copper district. Early surface samples at the Fair Dinkum Prospect show promising copper and silver grades, setting the stage for a pivotal drilling campaign.

Cavalier Resources has raised $2.14 million through a discounted placement to fast-track drilling at its Crawford Gold Project, while continuing negotiations for a $11 million pre-payment deal.