Latest Drilling News

Southern Cross Gold Consolidated has successfully closed the first tranche of a private placement, raising C$88.8 million to advance its Sunday Creek Gold-Antimony Project in Victoria, Australia. The funds will support drilling, resource definition, and early development milestones.

Santana Minerals reports promising assay results from recent drilling at its Rise and Shine deposit, revealing extensions of high-grade gold mineralisation beyond current resource boundaries. These findings hint at significant upside potential for the project’s resource base.

SciDev Limited reported a robust Q3 FY25 with revenue rising 10% and EBITDA tripling, driven by strategic US market expansion and a landmark PFAS remediation contract despite ongoing market challenges.

Prospech Limited reports promising metallurgical test results from its Korsnäs Rare Earth Element resource, highlighting apatite as the dominant and well-liberated mineral. The company is fast-tracking bench-scale concentrate production and hydrometallurgical extraction to advance resource development.

Adavale Resources has identified a compelling new drill target at its Ashes Prospect through reprocessed geophysical data, supported by high-grade rock chip assays. The company is poised to commence maiden drilling in Q2 2025, aiming to unlock significant gold-copper-silver mineralisation.

Aurum Resources has locked in a $35.6 million private placement led by strategic investors including the Lundin Family, Montage Gold, and Zhaojin Mining to accelerate drilling and development at its key gold projects in Côte d’Ivoire.

Adavale Resources (ASX:ADD) advances its Parkes Project in NSW’s Lachlan Fold Belt with a maiden JORC resource at London-Victoria and promising copper-gold targets at Ashes and Myalls. The company is gearing up for a maiden drilling campaign in Q2 2025.

Desert Metals Limited’s initial aircore drilling at the Tiogo prospect in Côte d'Ivoire reveals a promising 900m-long gold zone with high-grade mineralisation, prompting plans for immediate follow-up exploration.

Astral Resources has restated its Spargoville Gold Project resource following its Maximus takeover, consolidating its group gold mineral resource to 1.76 million ounces. The update aligns Spargoville’s estimate with Mandilla’s economic assumptions, setting the stage for upcoming development.

TechGen Metals has announced an extension of a high-grade gold anomaly at its John Bull Gold Project in NSW, setting the stage for imminent drilling activities under its joint venture with Novo Resources.

Terra Metals has exercised its option to acquire HRM Exploration, significantly expanding its Dante Project tenure in Western Australia’s West Musgrave region. The all-scrip deal positions Terra to accelerate exploration in a mineral-rich province analogous to South Africa’s Bushveld.

TMK Energy reports significant progress in reducing reservoir pressure at its Gurvantes XXXV Coal Seam Gas Pilot Well, approaching the critical threshold for enhanced gas production.