Latest Exploration Drilling News

AusQuest has kicked off an extensive Stage 3 drilling campaign at its Cangallo copper-gold project in Peru, aiming to expand mineralisation and pinpoint higher-grade zones. The results could reshape the project’s potential and set the stage for deeper exploration.

Dreadnought Resources has formalized a $10 million joint venture with Black Cat Syndicate to fund, develop, haul, and process ore from its Star of Mangaroon gold project, enabling near-term cashflow without upfront capital.

Magnum Mining & Exploration has launched a two-rig drilling campaign at its high-grade Feirinha Rare Earth Element Prospect in Brazil, aiming to unlock a potentially low-cost REE discovery. Initial metallurgical tests suggest promising recoverability of these critical minerals.

Brazilian Critical Minerals Ltd has confirmed high-grade rare earth element mineralisation at its Ema project in Brazil, with new drilling results extending the resource footprint and reinforcing the project's economic potential.

Pancontinental Energy NL has revealed significant progress in its Namibian Orange Basin exploration, spotlighting a massive 5 billion barrel oil prospect in PEL 87 and advancing farmout efforts to fund upcoming drilling.

Jindalee Lithium has successfully raised $1.5 million through an oversubscribed Share Purchase Plan, exceeding its $1 million target to fund the McDermitt Lithium Project and a US SPAC transaction.

BOA Resources has secured a 49% interest in the Neds Creek Copper Project, positioning itself near some of Western Australia’s most prolific copper mines. With drilling planned for early 2026, the company aims to unlock significant exploration potential in this proven copper district.

Redcastle Resources and BML Ventures have submitted a critical Mine Development and Closure Plan for their Queen Alexandra and Redcastle Reef deposits, setting the stage for gold production to commence in early 2026.

Lachlan Star’s latest drilling at the Killaloe Gold Project confirms extensive near-surface gold mineralisation and sets the stage for deeper exploration backed by government funding.

Viridis Mining and Minerals has locked in a US$30 million strategic funding agreement with Brazilian asset managers Régia Capital and ORE Investments, setting a clear path to Final Investment Decision for its Colossus rare earth project.

Aeris Resources reported solid FY25 results within guidance and secured $80 million in new equity to fund exploration and development projects, positioning itself for significant growth in FY26.

Infini Resources has expanded its drilling program at the Portland Creek Uranium Project, revealing multiple uranium-bearing zones across a broad corridor. Early results suggest a large, district-scale uranium system with promising polymetallic potential.