Latest Exploration Drilling News

Native Mineral Resources has produced 313.6oz of gross doré in its latest Blackjack smelt, with preliminary laboratory assays indicating about 157.4oz of contained gold. Mining is scheduled to resume at Mid Pit and Podosky as the company prepares for final refinery results and North Pit drilling updates.

Alara Resources has swung from a $19.03 million loss to a $19.67 million net profit after tax as its Oman copper operation generated $135.35 million in revenue. The turnaround comes with a material going-concern uncertainty, planned further equity funding and a legal appeal due in November.

Redstone Resources has expanded its exploration portfolio and reported deep copper intersections at West Musgrave, but its auditor has flagged material uncertainty over the company’s ability to continue without further funding. The ASX junior ended FY2026 with A$557,426 in cash against A$636,787 of annual Australian tenement commitments.

Noble Helium has rebuilt its balance sheet ahead of drilling at Tanzania’s North Rukwa project, but its auditor has warned that future capital raisings remain critical to the company’s survival. The Kinambo campaign is now moving from preparation to execution, with two wells planned and a prospective helium resource still to be proven.

VBX has expanded the Wuudagu Bauxite Project’s resource to 143.2 million tonnes, but its FY26 accounts expose acute funding pressure, with just $301,208 in cash and an auditor warning of material uncertainty over going concern. The definitive feasibility study has been pushed into the first quarter of 2027 while the company relies on fresh equity, related-party funding and prospective strategic partners.

Anson Resources has secured approval for 17 additional Utah lease blocks covering 16.02 square kilometres inside the Green River Lithium Project’s resource area of interest. The company says the expanded ground could support a larger JORC resource without further drilling, but the proposed exploration target remains conceptual and the lease is not yet signed.

New Talisman Gold Mines has outlined a conceptual exploration target of up to 550,000 ounces of gold beyond its existing 350,000-ounce gold-equivalent resource at the Talisman Project. The company now plans 18 to 20 drillholes in calendar Q1 2027 to test six priority mineralised structures.

Moho Resources has expanded its Bush Chook exploration story with new shallow gold systems, but its auditor has warned that ongoing cash outflows and reliance on future funding create material uncertainty over its ability to continue as a going concern. The company held $1.27 million in cash at 30 June 2026 after raising $2 million and selling Silver Swan North.

Peako has completed its 100% acquisition of six Saudi Arabian gold projects covering 862 square kilometres, clearing the way for maiden drilling from October. Recent fieldwork has identified extensive high-grade vein systems, but the reported grades remain exploration indicators rather than a mineral resource.

Viking Mines has confirmed thick tungsten intervals both beneath and above historic workings at its Linka project in Nevada, including 18 metres at 0.42% WO3 and 13 metres at 0.46% WO3. The results strengthen the geological model, but reassays affecting parts of two holes leave an important qualification hanging over the latest batch.

Castle Minerals has identified six ranked gold targets across its 212km² Nielle project in Côte d’Ivoire, including previously unreported intercepts of up to 8m at 3.65g/t gold from surface. The company is preparing an Exploration Target for the historically drilled zone while planning new drilling, subject to the permit being granted.

PTR Minerals has identified water-bearing aquifers at all three paleochannel targets tested at its Rosewood Titanium Project, addressing a key requirement for its proposed gravity-based processing operation. The company has also cleared access for infill drilling and broader exploration in South Australia.