Latest Exploration And Resource Growth News

Matsa Resources has kicked off a major diamond drilling campaign at Fortitude North targeting up to 1.85 million ounces of gold while reporting robust $28.7 million gold sales and $6.1 million EBITDA from the Devon Pit Gold Mine.

Anax Metals’ updated DFS for Whim Creek reveals a 113% surge in free cash flow to A$723 million, underpinned by a decade-long mine life and rapid payback. The company’s $10 million capital raise strengthens its balance sheet following full repayment of a $3.5 million loan.

Riversgold Limited has reported standout assay results from 31 drill holes at its Northern Zone Gold Project, including a spectacular 71 g/t gold intercept. The campaign expands the shallow gold mineralisation footprint, supporting imminent mining lease conversion and a funding agreement with MEGA Resources.

GoldArc Resources is pushing aggressively towards near-term production at its Leonora Gold Project, leveraging over 24,000m of recent drilling and strategic partnerships that cover development costs. The company aims to start mining by late 2026, backed by a 200,000oz JORC resource and a seasoned technical team.

Alicanto Minerals has obtained an A$18.1 million non-dilutive funding package from Stria Lithium, including cash and equity, to support resource expansion at the Mt Henry Gold Project, where diamond drilling is currently underway.

Torque Metals Limited (ASX: TOR) reports significant new high-grade gold intercepts from recent drilling at its Paris Gold Project in Western Australia, extending mineralisation up to 500 metres beyond the current Mineral Resource Estimate. The company plans an interim resource update in Q2 2026 amid ongoing multi-rig drilling.

Saturn Metals Limited has announced exceptional high-grade gold assay results from its Apollo Hill Gold Project in Western Australia, including a record 1m intercept grading 277g/t Au. These findings highlight significant untapped northern extensions beyond the existing 2.24Moz Mineral Resource and support ongoing exploration and resource growth.

Larvotto Resources has reported robust diamond drilling results at its Metz Mining Centre, revealing wide zones of gold, antimony, and tungsten mineralisation that promise to boost the Hillgrove project’s resource base.

Mount Hope Mining has expanded its footprint in the southern Cobar Basin with two new exploration licences, while reaffirming the potential of its Mt Solitary gold target based on historical data and ongoing drilling.

Ore Resources has initiated a 1,000-metre diamond drilling program at its Forrest prospect, aiming to deepen geological insights and expand gold resources within its Coolgardie Gold Project. This follows a successful reverse circulation drilling phase and sets the stage for a comprehensive 30,000-metre exploration campaign across 2026.

Nordic Resources has launched a fresh 3,000-metre diamond drilling campaign at its Kopsa and Kiimala Trend gold projects in Finland, aiming to refine resource estimates and unlock further exploration potential.

High-Tech Metals Ltd is set to expand its Mt Fisher gold resource following an independent geological review that highlights multiple high-grade extensions beyond current estimates. A targeted drilling campaign will soon commence to unlock this potential.