Latest Drilling News

Marquee Resources shareholders rejected key share issues tied to the Tungsten Mountain acquisition, prompting the company to scrap the deal and refocus capital on advancing and monetising its existing portfolio.

Brazilian Rare Earths (ASX: BRE) has unveiled a scoping study for its Monte Alto and Camaçari project in Bahia, Brazil, showcasing ultra-high grades and robust economics with a post-tax NPV8 of US$6 billion and a rapid 1.1-year payback.

Heavy Rare Earths Limited has dramatically increased its Subron Rare Earths Project footprint, capturing significant extensions to high-grade heavy rare earth oxide zones with minimal upfront costs.

Leeuwin Metals has secured a joint venture deal with Arrow Minerals over key Pilbara tenements, gaining exposure to iron ore and copper prospects with no upfront exploration cost.

Arrow Minerals revealed a previously confidential tenement acquisition following an ASX price query triggered by a sharp rise in its share price. The company attributes the price movement to multiple positive developments rather than the acquisition itself.

Flynn Gold’s metallurgical tests at its Golden Ridge Project in northeast Tasmania demonstrate strong gold recoveries from lower-grade mineralisation, supporting bulk mining potential and advancing project development.

Tusker Minerals has agreed to sell its Malawian rare earth assets to AuKing Mining for up to A$4.85 million, while retaining key rutile projects and upside exposure through equity stakes.

Aureka Limited has refreshed its geological model and confirmed multiple exploration targets at the Irvine Gold Project, underscoring the site’s significant potential beyond its current 398,000-ounce inferred resource.

AuKing Mining is set to acquire Green Exploration Limited, gaining full ownership of multiple Malawian projects rich in rare earths and copper, including the Machinga Heavy Rare Earths and Ngala Hill Copper/PGE assets.

MRG Metals has secured $725,000 through a placement and initiated a $750,000 Share Purchase Plan to accelerate development at its ultra high-grade Garies Rare Earth Project in South Africa and exploration in Mozambique.

Santa Fe Minerals (ASX:SFM) has reported assay results from 16 diamond and reverse circulation drill holes at its Satama Gold Prospect in Côte d’Ivoire, confirming gold mineralisation over at least 2.5km strike and at depth. Drilling was hampered by an RC rig failure, prompting a shift to diamond drilling and plans to resume RC drilling for step-out targets.

Unico Silver delays its maiden Pre-Feasibility Study to January 2027, integrating updated drilling results and advanced metallurgical testing that could expand resource scale and improve production efficiency.