Latest Drilling News

Auravelle Metals has completed a key heritage survey at its Crown Gold Project in Western Australia, setting the stage for targeted soil sampling and follow-up aircore drilling to refine gold exploration targets.

Hot Chili Limited has successfully closed a A$40 million private placement, bolstering funding to accelerate development of its Costa Fuego copper-gold project in Chile. Major shareholders and institutional investors backed the oversubscribed raise, positioning the company for near-term production milestones.

Kalgoorlie Gold Mining’s recent diamond drilling at Kirgella Gift and Providence deposits reveals thick gold mineralisation extending well below previous resource estimates, signalling promising vertical growth potential.

Accelerate Resources has revealed a new northwest-trending gold structure at its Balagundi Project, expanding the known mineralised footprint with encouraging aircore drilling results. Follow-up drilling is set to test the extent and continuity of this discovery.

SQX Resources has more than doubled its ground position at the Williams Gold-Silver Project in Montana, securing extensive strike extensions of historically high-grade veins. This expansion sets the stage for a major exploration push in 2026.

QEM Limited has responded to ASX inquiries about unusual trading activity, confirming no undisclosed material information and deferring assay results to its March quarterly report.

Cobre Limited has secured A$60 million to acquire a majority stake in the Sierra Atacama Copper Project in Chile, positioning itself as a significant copper producer with strong expansion potential.

ADX Energy has restarted flow testing at its Welchau-1 well in Austria after regulatory delays, aiming to confirm the commercial viability of light oil and gas-condensate reservoirs in the Reifling Formation.

Enova Mining has successfully raised $2 million through a heavily oversubscribed share placement, enabling accelerated drilling and test work at its East Salinas and Charley Creek projects. This capital injection positions the company to advance its critical minerals exploration amid growing demand for rare earth elements.

Blue Star Helium has activated its CO2 removal unit at the Pinon Canyon Plant, marking a key milestone in its Galactica Project and paving the way for integrated operations and sales growth in 2026.

Paladin Energy reported a 16% increase in uranium production and a significant rise in sales volumes for the December 2025 quarter, alongside a successful equity raise and debt restructuring that enhance its financial flexibility.

PhosCo Ltd has reported outstanding final assay results from its Gasaat Phosphate Project in Tunisia, setting the stage for maiden resource estimates at the KM and SAB prospects. These high-grade intercepts promise to enhance early project economics and underpin an optimised scoping study.