Latest Exploration Drilling News

Bubalus Resources has completed maiden drilling at its Crosbie North and South gold projects, submitting core samples for assay with results expected in December. The company also secured a drill rig for Avon Plains and extended its Syndicate Minerals option agreement to 2026.

AuMEGA Metals has initiated a fully funded diamond drilling program targeting a large, previously untested electromagnetic anomaly adjacent to its high-grade Central Zone gold deposits at Cape Ray, Newfoundland. This move could unlock a new gold-bearing trend within the district-scale project.

Rox Resources has successfully raised approximately A$200 million through a major institutional placement, securing full equity funding for the development of its Youanmi Gold Project. Supported by cornerstone investors and existing shareholders, the company is positioned to advance construction and begin gold production by mid-2027.

DPM Metals delivered record third quarter financial results driven by strong free cash flow and adjusted net earnings, while its recent acquisition of Adriatic Metals' Vareš operation promises higher-than-expected production in 2026.

Alvo Minerals reports promising trenching results at its Touro Prospect within the Palma Copper-Zinc Project, revealing significant surface mineralisation consistent with VMS deposits and prompting immediate drilling plans.

Alkane Resources reports a strong first quarter for FY2026, driven by its recent acquisition of Mandalay Resources, boosting gold equivalent production and revenue significantly.

Matsa Resources has officially commenced gold production at its Devon Pit Gold Mine, marking a significant step forward in its Lake Carey Gold Project. With maiden reserves confirmed and a robust option agreement in place with AngloGold Ashanti, the company is poised for growth amid ongoing exploration success.

Skylark Minerals has agreed to acquire a portfolio of gold projects in Côte d’Ivoire, including the flagship Zaranou Project with a JORC-compliant inferred resource of 364,600 ounces. This deal positions Skylark as a significant emerging player in West Africa’s gold sector.

West Cobar Metals has identified significant gallium mineralisation across its Salazar Critical Minerals Project in Western Australia, highlighting potential co-product recovery alongside rare earth elements and scandium. This discovery comes amid tightening global gallium supply due to Chinese export restrictions.

Gibb River Diamonds has commenced mining at its Neta Gold Prospect in WA, with ore processing agreements in place and first cashflow anticipated by early 2026. The company also outlines ambitious exploration plans for its broader portfolio.

Viridis Mining and Minerals has secured a pivotal non-binding Letter of Support from Bpifrance, confirming eligibility for strategic financing of its Colossus Rare Earths Project in Brazil. This milestone propels the project closer to final investment decision and strengthens its position in the critical minerals supply chain.

Power Minerals reports compelling high-grade niobium and rare earth element results from shallow auger drilling at its Santa Anna Project in Brazil, setting the stage for an extensive 10,000m reverse circulation drilling program to define a maiden resource.