Latest Exploration Drilling News

Condor Energy has unveiled a significant upgrade to its offshore Peru portfolio with the addition of the Raya West prospect, pushing the Greater Raya area’s prospective oil resources beyond 900 million barrels. This milestone enhances Condor’s position as a major player in the Tumbes Basin exploration landscape.

Auravelle Metals has identified numerous new gold and silver anomalies at its Nuckulla Hill and Tunkillia North projects through an extensive soil sampling program, setting the stage for a series of follow-up drilling campaigns.

Olympio Metals has confirmed promising high-grade gold soil anomalies at its Bousquet Gold Project in Quebec, highlighting a new priority target and preparing to resume drilling following significant historical intercepts.

Kalamazoo Resources has successfully closed an oversubscribed Share Purchase Plan, raising $4.1 million to fast-track drilling and development at its Ashburton Gold Project. Combined with a recent placement, the company secures $12.1 million to advance exploration and pre-feasibility studies.

Rapid Critical Metals has reported additional bonanza-grade silver intercepts from its latest drilling at the Webbs Silver Project, reinforcing the presence of multiple high-grade mineralised structures and promising exploration upside.

Ore Resources Ltd has expanded its Kal East Gold Project by acquiring 29 prospecting licences in the Mount Monger goldfields, unlocking multiple high-grade targets near established mines and processing plants.

Bubalus Resources has unveiled promising maiden drilling results from its Avon Plains Gold Project in Victoria, confirming a gold-bearing quartz reef system with potential for further exploration. The company now shifts focus to expanding this discovery and advancing its Wilson’s Hill Gold Project.

Beach Energy reported a resilient first half of FY26, overcoming Cooper Basin floods to deliver solid earnings boosted by LNG cargoes and higher gas prices. The company’s operational safety and environmental efforts underpin a confident outlook as key projects ramp up.

Corazon Mining has identified a continuous 4-kilometre gold anomaly at its Two Pools Gold Project in Western Australia, revealing significant high-grade shallow intercepts and setting the stage for a maiden drilling campaign in early 2026.

AuMEGA Metals has revealed a robust gold resource at its Cape Ray Project and identified promising new exploration targets, signalling significant growth potential in Newfoundland's gold sector.

Hot Chili Limited has raised A$40 million through a heavily oversubscribed private placement to accelerate the development of its La Verde copper-gold discovery within the Costa Fuego project in Chile. The funding will support expanded feasibility studies, environmental approvals, and further drilling aimed at defining a higher-grade starter pit.

Cauldron Energy’s latest groundwater analysis at the Yanrey Uranium Project reveals low chloride and sulphate levels, affirming the site’s suitability for environmentally friendly in situ recovery uranium mining. This milestone supports the company’s plans to expand resources and advance towards production.