Latest Exploration Drilling News

Prospech Limited reports steady progress on rare earth element metallurgy at its Korsnäs project and promising gold-silver drill results in Slovakia, backed by a fully subscribed $2.1 million capital raising.

Ausgold Limited has completed a $35 million capital raising and acquired critical freehold land, resolving a long-standing legal dispute and enabling a re-optimisation of its Katanning Gold Project mine plan. This strategic move sets the stage for an extensive drilling campaign and advances the project toward a final investment decision in mid-2026.

Rox Resources has reported significant progress at its Youanmi Gold Project, including a 36% increase in underground gold resources and on-track completion of its Definitive Feasibility Study, setting the stage for production in Western Australia.

Catalina Resources has completed its acquisition of the Beasley Creek Gold Project, gaining full ownership of a highly prospective gold tenure in Western Australia’s Pilbara region.

Ballard Mining advances its Mt Ida Gold Project with strategic land acquisitions, new mining lease applications, and a pending water licence increase, underpinning plans for a decade-long mine life.

Koonenberry Gold has expanded its Enmore mineralised zone to 260m strike and identified new gold targets, backed by a strong $7.8 million cash position to fund extensive drilling.

Aldoro Resources has launched a significant Phase II drilling campaign targeting high-grade niobium at its Kameelburg project, while simultaneously initiating heavy rare earth element exploration at Omuronga, Namibia.

Mount Burgess Mining has completed a $900,000 placement at a premium to recent trading prices, setting the stage for upcoming gold exploration drilling at its Viking and Blair North prospects.

Aguia Resources has revealed a significant new gold vein discovery at its Santa Barbara project in Colombia, alongside operational upgrades that have markedly improved gold recovery and production quality.

Alkane Resources reports a total of 1.97 million ounces of gold in Mineral Resources at its Swedish Björkdal operations, with underground mining ongoing and open pit mining paused until 2027. Exploration highlights suggest promising extensions near existing infrastructure.

Matsa Resources has officially commenced gold production at its Devon Pit Gold Mine, marking a pivotal step in its Lake Carey Gold Project. The company also advances its AngloGold Option Agreement and outlines ambitious exploration and development plans.

Beacon Minerals reported steady gold production of 6,884 ounces in the September quarter, while strategically retaining bullion holdings amid a record A$6,448/oz gold price.