Latest Exploration Drilling News

American Rare Earths advances its Halleck Creek Project with record high-grade drilling results, a strategic collaboration with BMO Capital Markets, and a significant state grant, reinforcing its role in securing the U.S. rare earth supply chain.

Black Dragon Gold's rezoning application for its flagship Salave Gold Project was rejected by local authorities, posing challenges for mining development. Meanwhile, the company secured a strategic placement raising AUD$712,000 to support ongoing operations.

MRG Metals reports significant progress in its Mozambique Heavy Mineral Sands joint venture with Sinowin Lithium, alongside promising rare earth element exploration results in Zimbabwe, positioning the company for potential growth in strategic mineral markets.

Lodestar Minerals has raised $520,000 through a share placement to fund its inaugural reverse circulation drilling at the Darwin gold project in Chile, signaling a pivotal step in its exploration strategy.

Prospect Resources reports strong initial drilling results at the Kabikupa Prospect within the Mumbezhi Copper Project, confirming significant copper mineralisation and validating historical data. The company targets a maiden Mineral Resource estimate by Q1 2025.

Top End Energy has taken a major step by acquiring the Kansas Natural Hydrogen Project and advancing its exploration footprint in Australia's Beetaloo Sub-Basin, positioning itself at the forefront of natural hydrogen and unconventional gas development.

Anson Resources secured key approvals to expand drilling at its Utah lithium projects, reported a maiden resource at its Western Australia base metals deposit, and raised $2.3 million in an oversubscribed share purchase plan.

FMR Resources has completed a detailed airborne EM survey at its Fairfield Copper Project in Canada and secured a drill contractor to commence maiden drilling at the Demoiselle Prospect in mid-February 2025. The survey results have identified multiple high-priority copper targets, setting the stage for a pivotal exploration phase.

Encounter Resources has reported significant drilling progress at its Aileron Niobium-REE-Copper Project, completing over 50,000 metres in 2024 and uncovering extensive high-grade niobium mineralisation. The company also strengthened its balance sheet with a $15 million share placement, positioning itself for accelerated resource development.

Horizon Minerals reports a $14 million placement and a proposed merger with Poseidon Nickel, alongside key production milestones including the first gold pour at Boorara and a prefeasibility study at Penny's Find.

AuKing Mining Limited has advanced its strategic footprint with a 15% earn-in agreement at Queensland’s Cloncurry Gold Project and strengthened its board with seasoned mining experts, while navigating financial challenges and project delays.

Dreadnought Resources has released a robust scoping study for its Star of Mangaroon gold project, targeting initial production of around 20,000 ounces at a high grade of 10 g/t. The study outlines strong financial metrics and sets the stage for potential production in 2025, backed by a processing agreement with Black Cat Syndicate.