Latest Exploration And Resources News

Westgold Resources reports a 41% jump in gold Ore Reserves to 4.1 million ounces with a 15% grade uplift, achieved at a notably low reserve addition cost of $27 per ounce. The company plans to invest up to $75 million in exploration drilling in FY27 to sustain this growth trajectory.

Ore Resources’ July diamond drilling at Kangaroo Hills confirms thick, near-surface lithium mineralisation and advances development studies, setting the stage for a Direct Shipping Ore assessment.

Midas Minerals has pushed the boundaries of its Spaatzu Prospect at Otavi, Namibia, with consistent high-grade copper and silver intercepts now confirmed along a 1.2km strike. The discovery enhances the project’s resource potential ahead of planned updates in early 2027.

Meeka Metals has finalised its purchase of three gold deposits near Mt Holland, Western Australia, setting the stage for a resource update and extensive drilling to unlock further value.

Dreadnought Resources has validated significant high-grade tungsten mineralisation at its Mangaroon and Mangaroon South projects in WA, with rock chip assays far exceeding typical global grades. Drilling at the key Nina target is slated for late 2026 or early 2027, while systematic mapping and sampling at Mangaroon South will start in September.

Adavale Resources has executed a $1.2 million deal selling its Marree Embayment uranium assets to Orpheus Uranium, pivoting capital and attention towards advancing its gold-copper Parkes Project in NSW.

Kuniko Limited has extended the high-grade mineralised system at its Silica Hill prospect by approximately 100 metres through Phase 2 diamond drilling, highlighting significant resource growth potential ahead of a planned update.

Sarama Resources has offloaded its Cosmo and Mt Venn gold projects to Riedel Resources, securing a substantial equity stake while progressing a US$242 million arbitration claim against Burkina Faso.

Adavale Resources' latest assays from five drill holes reveal consistent, wide gold mineralisation beneath the London-Victoria open pit, reinforcing expectations for a resource upgrade this quarter.

Ore Resources Ltd has unveiled promising assay results from 290 aircore drill holes at its Coolgardie Gold Projects, reinforcing the Miriam Shear Zone as a fertile gold system and highlighting new prospects at Burbanks East. The company plans an aggressive follow-up drilling campaign in Q4 2026 alongside ongoing lithium exploration.

Turaco Gold’s latest drilling at the Adiopan-Asupiri Deposit reveals strong high-grade gold intercepts, underpinning further resource growth within the 4.65Moz Afema Project in Côte d’Ivoire.

Caspin Resources has revealed promising new exploration targets at its Bygoo Tin Project in NSW, alongside ongoing drilling at the Kelpie Deposit, pointing to significant district-scale discovery potential near the historic Ardlethan Mine.