Latest Exploration Drilling News

Dundas Minerals advances its gold exploration with AI-driven targeting at the vast Gerry Well Greenstone Belt, appoints new Managing Director Jonathan Downes, and secures $1.12 million in fresh funding.

Breakthrough Minerals has entered a conditional agreement to acquire a substantial North Queensland Copper-Gold Project near Mt Isa, boasting an 18.8 million tonne resource and backed by an $8.15 million capital raise. The acquisition positions the company for aggressive exploration and development in a prolific copper district.

Asara Resources has completed a A$25 million placement to accelerate exploration at its flagship Kada Gold Project in Guinea, with initial drilling confirming high-grade gold continuity and new deeper mineralisation zones.

Redcastle Resources has formed a strategic joint venture with BML Ventures to fast-track gold production at its Queen Alexandra and Redcastle Reef deposits, while expanding its Eastern Goldfields footprint through major tenement acquisitions.

Kingsgate Consolidated Ltd reported a record September quarter at its Chatree Gold Mine, with gold production surging 18% to nearly 24,000 ounces and silver output exceeding 200,000 ounces. Strong metal prices and operational efficiencies lifted cash and bullion holdings to A$115 million.

Lakes Blue Energy marked a pivotal quarter with its ASX reinstatement, a $5.8 million capital raise, and completion of the Wombat-5 well, setting the stage for imminent production testing and resource upgrades.

C29 Metals is set to drill test two key targets at its Sampsons Tank Copper project after a strategic review, while relinquishing its Mayfield project and preparing for a capital raise.

Loyal Metals Ltd has secured an option to acquire the high-grade Highway Reward Copper-Gold Mine and confirmed significant unmined mineralisation through historic drill data verification, while advancing lithium projects in North America with innovative technology and strong funding.

DeSoto Resources has reported compelling high-grade gold intercepts in Guinea’s Siguiri Basin alongside a $14 million capital raise and a strategic joint venture to accelerate exploration.

Horizon Oil’s recent acquisition of Thai gas assets and a decade-long permit extension at Maari have propelled production and reserves, underpinning a strong financial quarter and sustained shareholder returns.

Global Lithium Resources Limited has achieved major milestones this quarter with a Native Title Mining Agreement and Mining Lease granted for its Manna Lithium Project, while exploration at Marble Bar reveals encouraging signs of a large gold system.

Turaco Gold has updated its Afema Project Mineral Resource Estimate, increasing gold resources to over 4 million ounces with new deposits and ongoing drilling promising further growth.