Latest Exploration Drilling News

Sandfire Resources delivered a standout FY25 with a 12% rise in copper equivalent production and a 46% jump in underlying EBITDA, while slashing net debt by 69%. The company sets a confident FY26 outlook with modest production growth and continued capital discipline.

Star Minerals reports promising shallow gold intercepts 120 metres west of known lodes at its Tumblegum South project, hinting at a potential resource expansion ahead of planned mining approvals.

Sandfire Resources reports a consolidated update on its Motheo copper-silver asset in Botswana, revealing declines in mineral resources and ore reserves due to mining depletion and remodelling. The company plans to declare a maiden ore reserve for the A1 deposit by mid-2026, aiming to extend mine life.

Perseus Mining Limited reported a robust FY25 with a 21.7% revenue increase to US$1.25 billion and a 15.6% rise in profit after tax to US$422 million, driven by higher gold prices despite slightly lower production. The company also declared a final dividend and completed a significant share buyback.

Brightstar Resources has kicked off a significant underground drilling campaign at its Fish Mine, aiming to extend mine life and upgrade mineral resources for future production growth.

Tungsten Mining's review of historic drilling at Mt Mulgine's Camp pits reveals significant shallow gold mineralisation, reinforcing its dual gold-tungsten development strategy. The findings open avenues for new gold zones at depth, promising early cash flow alongside tungsten resource growth.

Savannah Goldfields Limited has announced a $15 million equity raising through a placement and conditional placement, offering free attaching options subject to shareholder approval. The capital raise aims to strengthen the company’s financial position and support its operational restart plans.

Ark Mines reports its Stage-3 drilling at Sandy Mitchell is ahead of schedule, aiming to nearly quintuple its measured mineral resource and fuel a pivotal Pre-Feasibility Study.

Savannah Goldfields has announced a $15 million placement to strengthen its balance sheet, repay debt, and fund a restart of gold production alongside an ambitious drilling program targeting resource extensions.

NIMY Resources is set to release its maiden JORC Inferred Resource for gallium at the Mons Project in Western Australia, amid promising copper exploration results and strategic US market partnerships.

Basin Energy has agreed to acquire NeoDys Limited, gaining a dominant uranium and rare earth portfolio in northwest Queensland, fully funded to commence drilling in late 2025.

Forrestania Resources has successfully raised $8.6 million through a placement priced at a 21.7% premium, signaling strong investor confidence as it advances multiple gold projects.