Latest Exploration Drilling News

Evolution Mining has delivered record cash flow for FY25, meeting its original production and cost guidance amid high metal prices, while setting a confident outlook for FY26 with continued strong cash generation expected.

Haranga Resources has successfully renewed its Saraya Uranium Project exploration permit in Senegal for another three years, following a positive regulatory audit. This extension secures ongoing exploration of a significant uranium resource with promising prospects.

Lode Resources has received initial gold assay results that significantly enhance the high-grade antimony and silver intercepts at its Montezuma Project in Tasmania, underscoring the deposit’s growing critical minerals profile.

Strickland Metals has launched a new exploration campaign targeting a large porphyry copper-gold system at its Rogozna Project in Serbia, supported by advanced geophysical surveys and strong funding.

VBX Limited has successfully listed on the ASX and revealed strong preliminary feasibility results for its Wuudagu Bauxite Project, positioning itself to capitalize on rising bauxite demand and supply uncertainties.

St Barbara Limited has reported significant high-grade gold intercepts from its FY25 drilling program at Simberi Operations, revealing promising sulphide mineralisation beneath existing open pit reserves. With assay results pending for 20 more holes, the company anticipates further resource upgrades.

Ora Banda Mining delivered a strong FY25 with 92.4koz gold produced, up 32% year-on-year, and sets an ambitious FY26 target of 140-155koz driven by new underground mines and strategic partnerships.

Ausgold Limited has raised A$35 million through a well-supported placement to accelerate its Katanning Gold Project in Western Australia towards a final investment decision.

OD6 Metals has resolved a regulatory investigation with a minor penalty, paving the way for renewed exploration at its Gulf Creek Copper Project. The company is set to advance drilling campaigns targeting high-grade copper, zinc, and silver mineralisation.

Zenith Minerals has successfully raised A$3.5 million through a fully underwritten rights issue, positioning the company to fast-track exploration and resource growth at its key gold projects in Western Australia and Queensland.

Mithril Silver and Gold Limited has announced a C$10 million brokered private placement to fund expanded exploration at its Copalquin district project in Mexico. The raise includes an option for agents to increase the placement by 15%, underscoring strong investor interest.

Blackstone Minerals has launched a $2 million Share Purchase Plan at a 9% discount, running alongside a $22.6 million placement to institutional investors. Eligible shareholders in Australia and New Zealand can buy shares up to $30,000, supporting the company’s Mankayan Copper-Gold Project expansion.