Latest Exploration And Drilling News

Osmond Resources is fast-tracking development of its Orión EU Critical Minerals Project, with initial drilling confirming high-grade titanium, zircon, and rare earth elements. The company aims to complete a maiden Mineral Resource Estimate and Scoping Study by mid-2026.

Belararox Limited has completed an $8.5 million placement to accelerate copper exploration, with drilling now underway at its TMT Project in Argentina.

Midas Minerals has completed its acquisition of the Otavi Copper Project in Namibia, initiating multiple drilling programs across high-grade deposits and securing strong funding to drive exploration in 2026.

Caprice Resources has completed the acquisition of the Comet Exploration Project, significantly expanding its Island Gold Project footprint in Western Australia's Murchison Goldfields. This strategic move triples the company's contiguous landholding along a proven gold corridor, setting the stage for accelerated exploration.

Diablo Resources has completed drilling at its Phoenix Copper Project and is progressing high-grade silver-antimony exploration at Star Range, positioning itself to capitalize on growing US critical minerals demand.

Austral Resources has been granted the Canyon EPM 28881, establishing a strategic 6km copper oxide exploration corridor adjacent to its Mt Kelly and McLeod Hill operations. The new tenement offers promising undrilled copper oxide mineralisation and sets the stage for a 2026 drilling campaign aimed at expanding Austral’s resource base.

Sierra Nevada Gold (ASX – SNX) has won the rights to explore the expansive As Safra copper-gold project in Saudi Arabia, marking a strategic expansion into a high-potential mining district aligned with the Kingdom’s Vision 2030 ambitions.

Pure Resources Limited has raised $1.7 million through a share placement and option issuance to advance its Garnet Hills graphite project, highlighting promising jumbo flake graphite findings.

Heavy Rare Earths Limited has reported significant assay results from its Radium Hill project, revealing high-grade scandium, yttrium, uranium, and rare earth elements along an 8km structural corridor. These findings bolster the company’s geological model and set the stage for accelerated exploration in 2026.

Superior Resources has raised $1.75 million to fund a major drilling campaign aimed at expanding its gold resource and advancing feasibility studies for near-term production at its Greenvale Project in northern Queensland.

3D Energi has commenced drilling the Charlemont-1 gas exploration well offshore Victoria, targeting a substantial 93 billion cubic feet of gas with promising geological indicators. This marks a key step in the Otway Exploration Drilling Program aimed at bolstering East Coast gas supplies.

Moonlight Resources Limited is set to raise A$10 million through a fully underwritten IPO, targeting exploration and development of its diverse mineral projects across Australia. The offer includes 50 million shares priced at $0.20 each, with free options attached.