Latest Drilling News

Arika Resources has responded to an ASX price query, confirming no undisclosed information behind recent share price movements and highlighting its active drilling program and recent $5 million capital raise.

Resolution Minerals has addressed ASX concerns over recent share price and volume spikes, attributing the activity to ongoing developments in its US Horse Heaven project acquisition.

Magnetic Resources NL has reported a significant 22% increase in gold resources at its Lady Julie Gold Project, now containing over 2.14 million ounces, while securing a key Native Title Agreement that clears the path for mining leases and development.

Orbminco Limited has executed a binding agreement to acquire the Majestic North Gold Project in Western Australia and commenced maiden drilling, marking a significant step in its growth strategy.

Connected Minerals reports promising uranium grades from its maiden drilling at Namibia’s Etango North-East project, aligning closely with nearby world-class deposits, while advancing rare earth exploration in Western Australia.

Mineral Commodities Ltd updates investors on the postponed completion of its Skaland Graphite Project sale due to the buyer's funding constraints, with new non-refundable payments and operational support commitments outlined.

MRG Metals Limited has announced a non-renounceable pro-rata entitlement offer to raise approximately $818,000, aiming to fund exploration and development activities across its heavy mineral sands projects in Mozambique.

Sipa Resources has successfully raised A$1.61 million through a strongly supported placement, positioning the company to advance multiple gold exploration projects across South Australia and Western Australia.

Flynn Gold Limited has revealed a significant new quartz vein system at its Golden Ridge Project in NE Tasmania, with high-grade gold assays and promising metallurgical recoveries. Drilling programs are underway to expand these discoveries and test structural controls on mineralisation.

Ordell Minerals has raised $3.85 million through a discounted share placement to accelerate drilling at its Barimaia Gold Project and initiate exploration at Goodia and Fisher South in Western Australia.

Askari Metals has identified significant high-grade copper mineralisation in historic drilling at its newly acquired Nejo Gold Project in Ethiopia, revealing promising exploration upside in a prolific mineral belt.

Magnum Mining & Exploration has completed key acquisitions of copper-gold projects in the USA and a rare earths package in Brazil, while raising $0.5 million through a recent entitlement offer to fund exploration and development.