Latest Exploration Drilling News

Horizon Minerals has raised A$30 million through a two-tranche share placement, strengthening its balance sheet to fast-track exploration and processing upgrades. The capital injection aims to boost resource drilling and refurbish the Black Swan plant ahead of increased gold production.

Genesis Minerals has secured the Laverton Gold Project from Focus Minerals for A$250 million, significantly expanding its resource base near its Laverton mill and advancing its ASPIRE 400 growth strategy.

Orbminco Limited has entered a binding agreement to acquire the Majestic North Gold Project in Western Australia, boasting a JORC-compliant resource of nearly 40,000 ounces of gold. The company is raising A$0.88 million to support due diligence and exploration activities.

Canterbury Resources has completed the acquisition of the Jack Shay Project, adding promising copper and nickel prospects to its portfolio and setting the stage for exploration drilling later this year.

West Coast Silver has completed a transformative acquisition of the Elizabeth Hill Silver Project and secured $3 million in fresh capital, setting the stage for a new era focused on high-grade silver exploration in the Pilbara.

Rapid Lithium Limited has agreed to acquire two high-grade silver projects in New South Wales, adding nearly 35 million silver equivalent ounces to its portfolio. The deal, valued at A$6.5 million, signals a strategic diversification into critical minerals amid a robust silver market.

Polymetals Resources reports steady progress at its Endeavor silver zinc mine with commissioning underway and first cash flow anticipated in June 2025. Mining volumes are ramping up ahead of schedule, setting the stage for a promising production phase.

Kingston Resources has agreed to sell its Misima Gold-Silver Project for $95 million, bolstering its balance sheet to accelerate growth at the Mineral Hill gold-copper operation. The transaction positions Kingston to expand production and exploration in the southern Cobar Basin.

Aguia Resources has initiated a 25-hole diamond drilling campaign at its Santa Barbara Gold Project in Colombia, aiming to define a maiden JORC resource and explore extensive vein systems.

Breakthrough Minerals has resolved a critical regulatory issue allowing the Errolls Gold Project acquisition to proceed, with drilling set to begin next quarter targeting high-grade gold extensions.

American West Metals is launching a comprehensive 2025 exploration campaign at its Storm Copper Project in Nunavut, targeting resource expansion and new discoveries along a 110km copper belt.

Agrimin Limited progresses its strategic review of the Mackay Potash Project while supporting Tali Resources’ corporate restructuring and planned IPO, offering shareholders a priority investment opportunity.