Latest Drummond Basin News

Australasian Metals has lodged a new exploration permit application near its Mt Clermont and Capella projects, targeting multiple promising gold prospects in Central Queensland. The move builds on its existing inferred gold resources and aims to capitalise on strong gold market conditions.

American Tungsten & Antimony Ltd (ASX, AT4) has initiated drilling at its Utah antimony project and expanded its Nevada tungsten portfolio, while preparing a spin-out IPO of Australian assets to sharpen its US focus.

Ausmon Resources advances its rare earth elements exploration in South Australia’s Limestone Coast, unveiling promising drilling results and plans for detailed grid drilling in 2026. Concurrently, the company pursues base metals and gold prospects in New South Wales and Queensland.

GBM Resources has reported exceptional high-grade gold intersections more than 100 metres outside its existing 309 deposit resource at Twin Hills, Queensland, signalling promising potential for resource expansion.

QX Resources has confirmed high-grade uranium mineralisation at its Madaba project in Tanzania and commissioned a detailed airborne radiometric survey to refine drill targets. Meanwhile, gold and iron ore projects in Australia await further exploration.

GBM Resources has reported a successful Stage 1 drilling campaign at its Twin Hills gold project in Queensland, revealing significant high-grade gold mineralisation beyond existing resources. The company also advanced its portfolio strategy by divesting non-core assets and securing a substantial capital raise.

GBM Resources has reported significant high-grade gold assay results from its Stage 1 drilling at the 309 deposit within the Twin Hills Gold Project, revealing mineralisation beyond the current resource estimate and setting the stage for expanded drilling.

American Tungsten & Antimony Ltd plans to unlock value by spinning out its Drummond Basin and NSW gold exploration assets into a new ASX-listed company, King Metals Limited, aiming to raise up to $6 million in an IPO.

GBM Resources has reported significant new gold assay results from its Lone Sister deposit, revealing high-grade mineralisation beyond the current resource estimate and identifying a previously unknown east-west gold-bearing structure.

GBM Resources has launched a major drilling campaign at its Twin Hills gold project and raised A$40 million to fund exploration and development across its Drummond Basin portfolio.

QX Resources has confirmed promising historical uranium grades at its Madaba Project in Tanzania and progressed gold exploration in Queensland, while securing a strategic farm-out for its Pilbara iron ore rights.

GBM Resources has raised nearly A$40 million through a major institutional placement led by its largest shareholder, Wise Walkers Limited, to fund exploration and development in Queensland’s Drummond Basin gold projects.