Latest Exploration Drilling News

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.

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.

Augustus Minerals has initiated Heritage Surveys at its expansive Music Well Gold Project, clearing a critical hurdle toward starting its maiden drilling campaign in a prolific Western Australian gold belt.

ADX Energy has updated its Upper Austria prospect inventory, reporting a substantial net mean prospective resource of 374 million barrels of oil equivalent and outlining near-term drilling plans focused on low-risk shallow gas and near-field oil plays.

Ballard Mining reports strong infill and extensional drilling results at its Mt Ida Gold Project, confirming and potentially expanding the high-grade Baldock resource. The ongoing program aims to upgrade resource confidence and supports future development plans.

Mammoth Minerals has initiated the second phase of exploration at its Excelsior Gold-Silver Project in Nevada, leveraging a pioneering 3D underground survey of the historic Blue Dick Mine to guide upcoming drilling.

Ora Banda Mining Ltd delivered a standout FY25 with net profit soaring 575% to $186 million, driven by record gold production and successful underground mine expansions. The company sets ambitious FY26 targets amid strong operational momentum.

Legacy Minerals has secured NSW Government approval to recommence drilling at its Mt Carrington gold-copper project, unveiling fresh geophysical targets and backed by a recent $7.75 million capital raise.

Odyssey Gold Limited has reported preliminary metallurgical test results from its Tuckanarra Gold Project, revealing strong gold recoveries across oxide and fresh sulphide ores. These findings support the potential for ore processing at Monument Murchison’s Burnakura plant under their joint venture.

Pilbara Minerals has released an updated Mineral Resource Estimate for its Colina Lithium Project in Brazil, consolidating its 100% ownership following the Latin Resources acquisition. The estimate confirms a substantial lithium oxide resource supporting open pit mining prospects.

Cannindah Resources launches a fully underwritten $4.5 million entitlement offer to fund accelerated drilling at its Mt Cannindah copper-gold deposit, aiming to expand its 14.5Mt resource and explore new Tier-1 porphyry targets.

Augustus Minerals confirms Heritage Surveys will start on 26 August 2025 at its Music Well Gold Project, unlocking statutory approvals for its maiden drilling campaign. Recent soil and rock chip sampling highlight promising gold anomalies, setting the scene for a potentially significant exploration phase.