Latest Eastern Goldfields News

Pantoro Gold’s latest drilling at Scotia confirms significant high-grade gold zones well below current resources, prompting approval for new mining levels and bolstering production prospects for FY2027 despite recent delays.

Riedel Resources has secured majority control of two large gold projects in Western Australia’s Laverton district, transforming into a multi-jurisdictional explorer with a strong cash position to fund upcoming drilling campaigns.

Kalgoorlie Gold Mining has launched a substantial 41-hole reverse circulation drilling campaign at its Pinjin Gold Project, targeting resource growth at Kirgella Gift, Providence, and Lighthorse. The program aims to refine and extend existing gold mineralisation within a key part of the Laverton Tectonic Zone.

GoldArc Resources has wrapped up its biggest ever drilling effort at Leonora South, completing 15,260m across multiple programs including partner-funded development drilling. Assay results expected by late May will be pivotal for advancing resource definition and new discoveries.

Solstice Minerals has reported standout Phase 1 drilling at its Nanadie Copper-Gold Project, highlighting wide, high-grade intercepts that surpass current resource grades. Supported by a $32.6 million placement, the company is accelerating Phase 2 drilling to expand this promising WA copper-gold system.

Lightning Minerals pivots to a gold-led Australian strategy, elevating its Mt Turner Project as the core value driver while shedding non-core lithium assets. The company aims to capitalise on strong initial drilling success and disciplined capital allocation amid evolving commodity cycles.

Forrestania Resources has started transporting ore from its British Hill gold deposit to the Lake Johnston processing facility, moving closer to production as plant refurbishment advances. The company is also partnering with local authorities to upgrade regional infrastructure.

Genesis Minerals is set to acquire Magnetic Resources for approximately A$639 million, offering Magnetic shareholders a 25-35% premium. The deal unlocks synergies at the Lady Julie Gold Project, where an updated underground production target extends mine life to 14-19 years with improved economics.

Accelerate Resources (ASX: AX8) has kicked off a 1,500m aircore drilling program at its high-priority Fluffy Prospect within the Balagundi Gold Project, marking the first drilling at this target in over three decades. The program targets extensions of historic gold mineralisation and fresh zones identified through recent geophysical and geochemical surveys.

Golden Mile Resources (ASX: G88) has agreed to sell its final 20% interest in the Leonora Gold Joint Venture to Navigator Mining for A$250,000, marking its exit from the project after Navigator earned an 80% stake.

Patronus Resources has consolidated 100% ownership of the Guppy-Benalla area for $250,000 cash, removing joint venture constraints and positioning itself to advance exploration near its 475koz Cardinia East gold resource. Follow-up drilling is planned after heritage surveys.

Kairos Minerals has boosted its Mt York Gold Project resource estimate to 2.08 million ounces, marking a 50% increase in contained gold and setting the stage for an aggressive 2026 drilling and feasibility campaign.