Latest Exploration Drilling News

Terramin's December 2024 quarterly report reveals major progress at its Tala Hamza Zinc Project with land acquisition and a $336 million EPC contract, while the Bird in Hand Gold Project faces a legal hurdle after the Supreme Court dismissed its mining lease application.

Australian Mines Limited is gearing up to expand its high-grade scandium resource at the Flemington Project with a new drilling program targeting both infill and lateral extensions.

Meeka Metals has responded to an ASX query regarding the timing and nature of its recent cleansing notice, confirming that the drilling results reinforce existing mineral resources without revealing new discoveries.

Neometals Ltd has bolstered its financial position with a A$7.1 million capital raise while progressing key projects including the commissioning of a lithium-ion battery recycling plant in Germany and preparing for maiden gold drilling at Barrambie.

Javelin Minerals has completed Phase 1 drilling at its Coogee Gold Project with assay results pending, while finalizing the acquisition of the Eureka Gold Project and preparing for further drilling in early 2025.

Investigator Resources Limited has postponed the Definitive Feasibility Study (DFS) for its Paris Silver Project to mid-2025, citing rising costs and the need for further optimisation. Meanwhile, exploration drilling continues and asset sales bolster the company’s cash position to $2.7 million.

Condor Energy Ltd has raised A$3 million through a well-supported placement to advance its exploration and commercialisation efforts in the Tumbes Basin offshore Peru, focusing on the promising Piedra Redonda gas discovery.

Golden Mile Resources has identified a significant new gold target, the Aurora Prospect, within its Pearl Copper Project in Arizona, with rock chip samples returning up to 10.8 g/t gold. The company is advancing towards a maiden drilling campaign at its Odyssey and Ford Prospects, signaling a pivotal exploration phase.

Core Lithium reports steady progress on its Finniss lithium project restart study, backed by a solid $50 million cash position and promising lithium and gold drilling results.

Gold Road Resources reports a 6% increase in attributable Mineral Resources to 4.81 million ounces and a 5% rise in Ore Reserves to 1.92 million ounces as of December 2024, driven by deeper open pit expansions and high-grade additions at Gilmour.

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.