Latest Exploration Drilling News

Bubalus Resources reports encouraging gold intercepts from maiden Avon Plains drilling while streamlining its portfolio to prioritise Victorian assets and critical minerals projects. The company maintains a solid $3 million cash buffer amid cost cuts and plans multiple exploration campaigns in the coming quarters.

Emu NL has secured $1.63 million from its recent rights issue to fund a 10,000-metre drilling program targeting copper anomalies at Yataga Valley, while a $2 million shortfall remains unplaced.

Manhattan Gold Corporation has secured A$3 million to kick off a 4,000m reverse circulation drilling program at its Hook Lake Project in Nunavut, Canada, while expanding its exploration area by 81km² with new mineral claims covering high-grade gold anomalies.

Hillgrove Resources posted a record 3,120 tonnes of copper production in Q1 2026, driving a 22% jump in cash to $25.2 million. The company’s exploration at Emily Star and Nugent underpins ambitions to surpass 2 million tonnes annual throughput.

Terramin Australia has advanced its flagship Tala Hamza Zinc Project into early development with strong Algerian government backing and a revised 2.0Mtpa mining study. Meanwhile, a court ruling returned the Bird in Hand Gold deposit to the company, prompting strategic reviews, all while the group manages a tight cash position supported by a recent $1 million share placement.

Kaiser Reef reports promising drilling results and key infrastructure upgrades at its Maldon Gold Project, setting the stage for expanded exploration and production in Victoria’s historic gold district.

South32's March quarter saw a tragic fatality at Worsley Alumina and weather disruptions, yet the miner delivered solid operational results and progressed its Hermosa zinc-lead-silver project. Production guidance was mostly maintained, with a notable revision lower for Australia Manganese due to water management issues.

Great Southern Mining (ASX:GSN) reported a substantial extension of gold mineralisation at its Golden Boulder discovery in Western Australia, alongside the commencement of deep diamond drilling co-funded by the WA Government. The company also raised A$4.2 million to fuel ongoing exploration.

Sunstone Metals has delivered a robust Scoping Study for its Bramaderos Gold-Copper Project in Ecuador, outlining a 23-year mine life, strong production rates, and a post-tax NPV of US$0.9 billion at a conservative gold price. The study highlights low operating costs and substantial exploration upside, setting the stage for a pre-feasibility study and funding pursuits.

DeSoto Resources significantly increased its exploration ground in Guinea's Siguiri Basin, adding 532km2 and identifying a 9km-long artisanal gold zone with assays up to 15.2g/t Au. The company maintains a robust cash position of A$11 million to support accelerated exploration.

VHM Limited has ditched its Shenghe Resources offtake agreement to broaden market options and approved a direct jump to full-scale 5Mtpa development at its Goschen Rare Earths and Mineral Sands Project. Key regulatory approvals and a major drilling campaign underpin progress towards a mid-2026 Final Investment Decision and production slated for late 2027.

Carnavale Resources has reinforced the high-grade nature of its Kookynie Gold Project with new drilling results, keeping its Bankable Feasibility Study on track for early Q3 2026 completion. The project’s robust economics and resource upgrades underpin growing investor interest.