Latest Exploration Drilling News

Everest Metals Corporation has officially commenced mining operations at its Mt Dimer Taipan Gold Project in Western Australia, backed by a fully funded agreement with MEGA Resources. Ore extraction is underway with processing set to begin in March 2026, positioning the company for near-term cash flow.

Kalamazoo Resources has initiated a $2 million underwritten Share Purchase Plan, offering eligible shareholders shares at a 16.4% discount to recent prices. The offer aims to fund exploration and development activities across its Victorian and Western Australian projects.

Turaco Gold has received all assay results from its recent drilling at the Anuiri and Jonction deposits, confirming resource model confidence and signalling expected growth in the Afema Project’s mineral resources.

Pacgold has initiated cyanide irrigation on 250,000 tonnes of ore at its White Dam Gold Project, setting the stage for imminent gold production and initial cash flow. This milestone marks a pivotal step in the company’s transition from explorer to producer.

VBX Limited reports promising exploration drilling results from its Wuudagu E and F bauxite plateaus, revealing thicker deposits with higher alumina and lower silica content than previously recorded. These findings could significantly expand the company’s resource base in northern Western Australia.

S2 Resources has completed its first drilling campaign at the Warraweena project in NSW, revealing volcanic rocks akin to the Macquarie Arc and promising copper mineralisation. Further geophysical work is planned to pinpoint the source of magnetic anomalies and advance exploration.

Charger Metals NL has lodged a mining lease application for its Medcalf Lithium Deposit and plans a drilling campaign to expand resources at its Lake Johnston project in Western Australia.

Kalamazoo Resources has raised $8 million through a placement and launched a $2 million share purchase plan, aiming to fuel exploration and development across its gold projects.

Infini Resources has strategically expanded its Portland Creek Uranium Project in Newfoundland by acquiring adjacent mineral licences, increasing its landholding by 30% and reinforcing its position in a promising uranium district.

Aguia Resources has implemented strategic operational changes at its Santa Barbara Gold Project in Colombia, achieving a 70% gold recovery rate in December and targeting over 80% in early 2026.

The Northern Finland Administrative Court has overturned Kingsrose Mining’s exploration permit for the Penikat Project due to procedural errors by the regulator, delaying planned drilling until at least April 2026. Kingsrose remains confident in the project’s long-term potential despite the setback.

IRIS Metals has signed a binding agreement to farm-in exclusively to the Finley Basin Tungsten Project in Montana, expanding its critical minerals portfolio and cancelling a planned capital raise. Exploration is set to begin in early 2026 with resource estimation targeted for 2027.