Latest Exploration Drilling News

Horizon Gold Limited has raised $12 million through a placement and entitlement offer to advance its Gum Creek Gold Project feasibility study and resource drilling, signaling strong investor confidence amid rising gold prices.

Stellar Resources reports strong progress on its Heemskirk Tin Project with an extended drilling program and robust cash reserves, aiming to boost tin production potential.

AIC Mines has delivered strong FY25 production and financial results while securing key contracts and financing to expand its Eloise processing plant and advance the Jericho copper deposit development.

Orbminco Limited has executed a binding agreement to acquire the Majestic North Gold Project in Western Australia and commenced maiden drilling, marking a significant step in its growth strategy.

Golden State Mining advances its Western Australia gold exploration with promising air-core drilling results at Southern Cross East and a significant tenement expansion at Yule, setting the stage for a major exploration push.

Gold Road Resources has agreed to a $3.40 per share acquisition by Gold Fields, combining fixed and variable cash components tied to Northern Star shares. Meanwhile, Gruyere mine production remains steady, with costs edging higher and strong cash flow underpinning the company’s financial position.

Mount Hope Mining is poised to launch its maiden drilling campaign at the Mt Hope Project in NSW, targeting three key prospects with over 3,800 metres of drilling planned to convert exploration targets into JORC-compliant resources.

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.

White Cliff Minerals has initiated diamond drilling at its Rae Copper Project in Nunavut, Canada, targeting a large unexplored sedimentary basin. Supported by a recent A$14.4 million capital raise and Canadian government backing, the company aims to advance its promising copper exploration.

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.

Carnaby Resources has reported significant drill assay results from its Trekelano and Mount Hope North prospects, reinforcing the potential of its Greater Duchess Copper Gold Project in Queensland.