Latest Drilling News

Flagship Minerals’ ASTER remote sensing survey at the Pantanillo Gold Project reveals extensive alteration zones indicative of large-scale epithermal-porphyry gold systems, setting the stage for a significant resource upgrade.

Evergold Minerals has raised A$5.23 million to accelerate gold exploration at its Mt Monger and Leonora projects in Western Australia, setting the stage for imminent drilling and resource expansion.

Discovery Alaska Limited has completed a $354,000 private placement to fund exploration at its Boulder Creek Gold-Silver Project in Idaho, with additional project opportunities under review.

Cosmo Metals has secured $1.55 million through a fully underwritten entitlement offer to fund near-term drilling at its Kanowna Gold Project in WA and the Bingara and Nundle projects in NSW. The capital raise includes free attaching options, with strong backing from major shareholders and management.

Macro Metals Limited has secured shareholder approval for a A$5.3 million budget to push the Extension Iron Ore Project in Western Australia towards mine construction readiness, marking a significant step in its development.

Elixir Energy has reached 2,320 metres in the Lorelle-3 appraisal well and is preparing to drill the reservoir section targeting the Dunk member of the Tinowon Sandstone, with flow testing planned before mid-2026.

Ore Resources has acquired an additional mining lease within its Miriam Gold Project, consolidating tenure over the promising Canyon prospect. The company plans an extensive 30,000m drilling program in 2026 to further explore this fertile gold system.

Advance Metals has revealed compelling results from historic core sampling at its Yoquivo Silver-Gold Project, highlighting extensive high-grade mineralisation and potential for both underground and bulk tonnage resources. An upgraded JORC resource estimate is imminent.

Ballymore Resources has confirmed significant high-grade silver-lead-zinc mineralisation in its first step-out drill hole at Little Torpy’s, 600 metres south of the main Torpy’s workings, underscoring the potential for a large-scale project in north Queensland.

West Coast Silver Limited is undertaking a detailed technical review at its Elizabeth Hill Silver Project to refine exploration targets and development plans for 2026, supported by a solid $6.2 million cash reserve.

Lotus Resources has launched a A$81 million equity raising to support the ramp-up of its Kayelekera uranium mine to steady state production targeted in Q2 2026, while advancing development of its Letlhakane project.

Red Mountain Mining has acquired the Thompson Falls Antimony Project on the Montana-Idaho border, adjacent to the only operating antimony smelter in the US. Early assays reveal exceptional grades, positioning the company to capitalise on critical mineral supply chain demands.