Latest Drilling News

Savannah Goldfields Limited has announced a fully underwritten entitlement offer and placements to raise up to $9.91 million, aiming to fund a restart of mining and processing operations alongside debt repayments and exploration.

Savannah Goldfields Limited has announced a $9.91 million equity raising to fund the restart of mining operations and regional expansion in Far North Queensland. The company targets resuming production in H1 2025 with a focus on optimising costs amid a strong gold price environment.

Savannah Goldfields Limited has launched a $14 million capital raising to fund the restart of gold mining operations at its Agate Creek and Georgetown projects, backed by cornerstone investors including Wes Maas.

Top End Energy has completed its acquisition of Serpentine Energy, securing a strategic natural hydrogen project in Kansas and gearing up for exploration drilling in the second half of 2025.

Perpetual Resources has uncovered a fourth pegmatite trend at its Isabella Lithium Project in Brazil, significantly broadening the scope for high-grade spodumene mineralisation. With drilling approvals secured, the company is poised to advance exploration in one of Lithium Valley's most promising areas.

Flynn Gold Limited has unveiled a maiden exploration target of approximately 0.5 million ounces of gold at its Golden Ridge Project in Tasmania, alongside ongoing drilling programs aimed at expanding its high-grade gold and silver resource base.

Marquee Resources has revealed promising exploration results at its Mt Clement Project, identifying multiple high-grade antimony and lead zones and advancing towards a maiden drilling program in Q1 2025.

Viking Mines has reported the discovery of two distinct gold-bearing zones at its Northern Duplex Target, prompting an expansion of its Phase 1 drilling program. The initial results highlight promising mesothermal gold mineralisation within a largely untested segment of the prolific Zuleika Shear.

OzAurum Resources has announced a significant new high-grade gold discovery at its Mulgabbie North Gold Project in Western Australia, revealing multiple shallow intercepts that could expand its existing resource base.

Medallion Metals Limited has secured $6.5 million through a placement to support its strategic acquisition of Forrestania Nickel Operation assets and advance the Ravensthorpe Gold Project, positioning the company for a final investment decision by late 2025.

Firetail Resources has reported significant high-grade drill intercepts at its Skyline Copper Project in Newfoundland, confirming mineralisation continuity and expanding the strike at depth. The company is advancing exploration with a planned high-resolution 3DIP geophysical survey targeting new zones.

Taiton Resources has reported exceptional Phase 2 sampling results from its Kingsgate Project in New South Wales, with quartz purity reaching up to 99.97% SiO2 and minimal impurities. The company is now advancing metallurgical studies and exploring pathways to monetise this high-grade quartz resource.