Latest Exploration Drilling News

Challenger Gold Limited posted a $2.1 million net cash outflow for the December quarter amid heavy exploration spending but secured $6.6 million in fresh funding shortly after quarter-end.

X64’s December 2024 quarterly report reveals a 6% rise in gold production to 13,895 ounces alongside a reduction in all-in sustaining costs to US$1,994 per ounce, underpinned by strong underground drilling results and advancing Tigerway decline development.

Ten Sixty Four Limited’s latest quarterly report reveals a notable decline in gold production alongside increased all-in sustaining costs, as the company advances its mine development and navigates a complex restructuring process.

State Gas Limited reports successful progress in its High Density Natural Gas (HDNG) trials with large mine trucks and resolves a key access dispute, setting the stage for expanded operations and drilling programs in 2025.

Accelerate Resources has secured a 70% stake in the Kanowna East Gold Project near Kalgoorlie and raised $1.35 million to accelerate exploration, while also identifying lithium-bearing spodumene at Mt Sholl East.

Genesis Resources Limited has completed its acquisition of full ownership of the Silgen joint venture controlling the Plavica project in North Macedonia, while preparing for follow-up drilling in its Australian tenements amid ongoing environmental studies.

Lincoln Minerals reports compelling Pre-Feasibility Study results for its Kookaburra Graphite Project, alongside strategic cost reductions and exploration progress in uranium and base metals on South Australia's Eyre Peninsula.

Kingston Resources delivered robust production and revenue growth at Mineral Hill in Q4 2024, while advancing a strategic review of its Misima Gold Project to unlock further value.

Northern Minerals reports a 15% increase in its Wolverine Deposit resource and secures $28 million in funding, advancing its Browns Range heavy rare earths project amid ongoing feasibility studies.

Medallion Metals Limited advances acquisition talks with IGO Limited for the Cosmic Boy Process Plant while reporting strong drilling results and a promising scoping study for its Ravensthorpe Gold Project.

Coda Minerals has significantly enhanced the economic outlook of its Elizabeth Creek Copper-Cobalt Project, with a pre-tax NPV7 rising to $1.18 billion and a post-tax NPV7 increase of 57% to $802 million. The company also secured $5.1 million in fresh capital to accelerate exploration and drilling activities in 2025.

Pancontinental Energy reports encouraging technical progress on its PEL 87 project with improved reservoir confidence and ongoing drilling success in Namibia’s Orange Basin, underpinning a solid cash position.