Latest Exploration Drilling News

Sunstone Metals has withdrawn its production targets and financial forecasts for the Bramaderos Gold-Copper Project, citing an overreliance on Inferred resources without a reasonable basis. The company plans infill drilling to upgrade resources and expects an updated Mineral Resource estimate later in 2026.

ADX Energy’s HOCH-1 well has been deepened to 1619 metres, revealing six new thin gas sand intervals below the primary Hall Formation target. Wireline logging scheduled for 8 May will verify reservoir quality and gas saturation, with production testing to follow if results confirm the discovery’s potential.

NexGen Energy's latest 2025 assays reveal significant expansion and continuity of high-grade uranium mineralisation at Patterson Corridor East, alongside the discovery of a new high-grade subdomain at depth, underscoring the project's growth potential ahead of major construction.

Desert Minerals has identified a significant north-northwesterly gold soil anomaly at its Mt Monger project, setting the stage for upcoming drilling to expand its existing JORC resource.

DPM Metals delivered a record $203 million free cash flow in Q1 2026, driven by strong production growth from the Vareš mine and robust metal prices. The company remains on track for full-year guidance with ongoing exploration and disciplined capital returns.

PTR Minerals has received the final batch of assay results from its Rosewood East drilling, revealing consistent, shallow, and high-grade heavy mineralisation. The company remains on track to deliver its maiden Mineral Resource Estimate in Q2 2026.

Hot Chili Limited’s latest drilling at La Verde in Chile reveals a broad 180-metre mineralised step-out and strong near-surface continuity, reinforcing the project’s growth potential ahead of pending assay results.

Kuniko Limited has uncovered extraordinary high-grade silver and gold mineralisation at Silica Hill, extending the known system beyond previous limits and setting the stage for a major Phase 2 drill campaign.

Dynamic Metals has confirmed gold mineralisation at around 300 metres depth at its Cognac West prospect, signalling potential for a vertically extensive system beneath previously shallow targets.

Condor Energy secures A$2.25 million in a placement to advance licence conversion, gas commercialisation, and exploration drilling readiness in its offshore Peru portfolio.

Athena Resources is raising $3.5 million through a discounted share placement backed by major investors to fast-track drilling and feasibility at its Narryer magnetite project.

Terrain Minerals has locked in $1.5 million through a placement to accelerate drilling and resource studies at its Smokebush Lightning gold project, Lort River rare earths, and Carlindie lithium/gold projects.