Latest Exploration Drilling News

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.

Encounter Resources has raised A$25 million through an institutional placement to fast-track its Aileron niobium-REE project and expand copper exploration across Western Australia and the Northern Territory.

Norwest Minerals advances its Bulgera Gold Project with successful deep drilling and promising heap leach economics, while preparing to test historic gold targets at Marymia East and expanding base metals exploration at Arunta West.

Savannah Goldfields has restarted exploration drilling at its Georgetown Gold Project, targeting resource upgrades at Electric Light and Red Dam prospects. The company aims to extend known gold mineralisation and enhance metallurgical understanding.

Emerald Resources NL reports steady gold output at its Okvau Gold Mine alongside significant resource upgrades at its Dingo Range and Memot projects, underpinning a robust growth trajectory.

Pacgold has secured the White Dam Gold Operation, unlocking a pathway to near-term production and cash flow, while advancing exploration at Alice River and St George projects backed by a $13 million capital raise.