Latest Drilling News

Matrix Composites & Engineering Ltd posted a 12.1% revenue decline to $74.77 million for FY25, reporting a net loss of $2.2 million as subdued drilling buoyancy markets weighed on results despite strong growth in subsea buoyancy products.

Cosmo Metals has delineated a 12-kilometre zone of intense historical gold mining activity within the Bingara Goldfield, centred on the Spring Creek prospect. With high-grade rock chip results and limited prior drilling, the company is advancing permitting for its maiden drilling program to explore this underexplored gold system.

Solara Minerals has identified promising gold targets at its Wilgeena Project in Western Australia, situated near established gold mines. The company plans to initiate exploration activities following a review of historical data revealing multiple untested gold and copper anomalies.

Solstice Minerals has confirmed significant high-grade primary gold mineralisation beneath oxide zones at its Edjudina Range discovery in Western Australia, reinforcing the potential of its Yarri Project and setting the stage for expanded drilling.

Horizon Minerals is progressing its Pre-Feasibility Study to convert the Black Swan plant to gold production, aiming for a 1.5Mtpa throughput and a Financial Investment Decision by early 2026.

Connected Minerals has updated its quarterly reports for 2025 to provide detailed disclosures on the use of funds and exploration activities, addressing ASX compliance and shedding light on project developments in Namibia and Western Australia.

Havilah Resources has unveiled detailed plans for developing two significant copper deposits in South Australia’s Curnamona Province, highlighting robust resource bases and strategic infrastructure advantages.

Gateway Mining has identified approximately 90 kilometres of previously untested shear zones at its Yandal Gold Project in Western Australia, setting the stage for significant new gold exploration. The company plans major drilling campaigns in the coming months to unlock this potential.

FMR Resources has awarded a drilling contract to Big Bear Drilling for a maiden 4,000-metre diamond drilling campaign targeting a large copper porphyry system in Chile’s Llahuin Project. The program aims to unlock the potential of four high-priority targets using advanced directional drilling techniques.

Lincoln Minerals Limited is gearing up for drilling at its Minbrie copper-base metals project in South Australia, while reporting robust financial metrics for its graphite and high purity iron projects.

QX Resources has acquired 100% of the Madaba Uranium Project in Tanzania, a site with promising historical uranium grades, and is raising $2.3 million to advance exploration and development.

Altair Minerals has revealed a significant 2km gold anomaly at its South Oko Prospect in Guyana, mirroring the geochemical footprint of the nearby $1 billion Oko West deposit. This discovery positions Altair at the forefront of a highly prospective gold belt with promising exploration upside.