Latest Exploration Drilling News

ADX Energy has accepted the award of a significant gas exploration permit offshore Italy’s Sicily Channel, positioning itself to tap into a highly prospective area with proven gas presence and favorable fiscal terms.

Eastern Resources Limited has reported promising preliminary metallurgical test results from its Lepidolite Hill Project, achieving an 80.5% recovery of lithia and producing a high-grade concentrate with low iron contamination.

Beach Energy delivered a robust Q2 FY25 with a 22% production increase and a 32% surge in sales revenue, driven by LNG sales and operational efficiencies. The company also significantly reduced net debt while advancing key projects like the Waitsia Gas Plant and Moomba CCS.

Metals X Limited has delivered a record-breaking quarter with tin production hitting 3,329 tonnes, alongside a significant boost in revenue and cash reserves. The company also advanced its strategic positioning through an increased stake in First Tin Plc and an unsolicited acquisition approach to Greentech Technology International.

West African Resources delivered solid Q4 2024 gold production and maintained full-year guidance, while progressing the Kiaka project on schedule and budget. The company also earned national recognition for its community contributions in Burkina Faso.

Carnarvon Energy and its partners have deferred key milestones in the Dorado Phase 1 liquids development, pushing back the Final Investment Decision and FPSO purchase. Despite the delay, the Joint Venture remains confident and plans further exploration drilling in 2026.

Catalyst Metals is on track to nearly double its annual gold production to 200koz by revitalising the Plutonic East mine, backed by strong grade control drilling results and a modest A$31 million capital plan.

Hillgrove Resources delivered a robust December quarter with record development and copper production, underpinned by exceptional drilling results at Nugent. The company projects increased output and improved cost efficiency for 2025.

Stellar Resources reports significant progress at its Heemskirk Tin Project, including record high-grade tin intersections and the launch of a Prefeasibility Study, supported by a strong cash position and strategic infrastructure agreements.

Flynn Gold has significantly expanded its gold exploration footprint at the Golden Ridge Project in NE Tasmania, revealing a large undrilled gold anomaly at Grenadier and reporting high-grade trench and rock chip results. Diamond drilling at the Golden Ridge Adit is complete with assays pending, setting the stage for further resource definition.

Asian Battery Metals has released final assay results from its 2024 Phase 2 drilling at the Oval Cu-Ni-PGE project in Mongolia, confirming multiple high-grade massive sulphide intercepts that underscore the prospect's potential.