Latest Electromagnetic Surveying News

OD6 Metals has transformed its portfolio with the completed acquisition of Nevada’s Quinn Fluorspar Project, but the strategic expansion comes alongside a larger loss, ongoing funding needs and substantial permitting risk. The company is now targeting drilling and a maiden resource at Quinn while advancing laboratory-scale rare earth processing work at Splinter Rock.

Bellevue Gold will spend A$25-30 million on FY27 exploration after its Mineral Resource and Ore Reserve declined year on year, while a slower Barminco ramp-up is expected to cut September-quarter production by 3,000-4,000 ounces. High-grade Deacon North drilling and deeper targets offer a possible longer-term counterweight.

Solstice Minerals has extended copper-gold mineralisation beyond Nanadie’s current resource boundary, while downhole electromagnetic surveying has identified a 140m by 140m conductor scheduled for immediate drilling. The results add momentum to a three-rig campaign, but the resource itself remains unchanged.

Dalaroo Metals has identified coincident geophysical and geochemical features at its Watheroo Cu-Ni-PGE prospect, including a modelled chargeability response of approximately 18 mV/V. The results support plans for deep RC drilling, but the anomalies remain unproven and could have non-mineralisation sources.

Alvo Minerals has identified a high-conductance off-hole conductor and multiple untested targets at its Touro copper-zinc prospect in Brazil. An environmental licence now allows Phase 2 drilling across roughly 500 metres of previously inaccessible strike.

Daly Resources ended FY2026 with $11.05 million in cash after its $12 million IPO, but reported a $3.63 million loss dominated by share-based remuneration. The ASX-listed explorer has no defined mineral resources or ore reserves and must now convert its exploration portfolio into results.

Pilbara Gold has reported broad and high-grade gold intersections at its 2.1Moz Mt York project, including mineralisation about 100 metres below the current resource. The results support ongoing resource classification work, while deeper drilling and further assays could determine how much growth is ultimately added.

Cosmo Metals has secured approval for up to 2,200 metres of maiden drilling at the Mona copper-gold-silver prospect in New South Wales. The campaign will test whether striking grades from historic mine dumps reflect concealed sulphide mineralisation below the old workings.

Raptor Metals has identified two conductive systems across its Chester copper project, including the strongest off-hole response recorded near a high-grade drill intersection. The results give the company specific targets for follow-up drilling, but the conductors remain exploration targets rather than a resource estimate.

GreenTech Metals has returned its strongest multi-metre copper result to date at the Ayshia deposit, with gold, silver and zinc credits included. The intersection sits approximately 65 metres beyond the existing resource envelope, although its true width remains unconfirmed.

Latitude 66’s KSB project has returned a striking preliminary economic case, with a post-tax NPV8 of US$485 million and an 85% IRR at a US$3,500 per ounce gold price. The opportunity remains unbuilt, unfunded and subject to further study, permitting and a production target containing 10% Inferred Resources.

Nordic Resources is heading into a key investor conference with a 1.23Moz gold-equivalent resource base, expanding Kopsa mineralisation and a near-term resource update in prospect. The company says it has A$8.5 million in cash and no debt to fund its next drilling phase.