Latest Exploration Incentive Scheme News

Buxton Resources has commenced its inaugural drilling program at the Centurion Project, targeting a large IOCG geophysical anomaly in Western Australia, with government co-funding easing costs. Initial assay results are expected by early October.

Lord Resources has completed a detailed electromagnetic survey at its Ilgarari Copper Project, identifying multiple compelling drill targets and securing full permits for imminent drilling. The project’s proximity to a major copper mine and government support adds to its strategic appeal.

Krakatoa Resources has initiated a pivotal two-hole diamond drilling program at its Stone Tank Nb-REE Prospect in Western Australia, targeting significant gravity anomalies that may reveal valuable rare earth mineralisation.

Strata Minerals has won a competitive $200,000 co-funded drilling grant from the WA Government to advance deep diamond drilling at its Penny South Gold Project, aiming to uncover high-grade gold mineralisation near Ramelius Resources’ Penny Mine.

Western Mines Group is set to restart exploration drilling at its Mulga Tank nickel project in Western Australia, leveraging recent capital raises and government grants to target high-grade nickel sulphide mineralisation and expand its resource base.

Black Cat Syndicate reports ongoing underground drilling success at its Paulsens Gold Operation, revealing significant high-grade gold mineralisation in newly targeted Gabbro Veins. The results underpin resource growth and support an accelerated production ramp-up.

Zinc of Ireland NL’s maiden drilling at Mt Clere has intersected sulphide zones consistent with SEDEX-style mineralisation, highlighting promising base metal potential at the Robin 21 anomaly. Two diamond drill holes totaling over 1,100 metres reveal encouraging geological signatures ahead of detailed assays.

Black Canyon Limited’s Phase 2 drilling at the Wandanya Project confirms extensive high-grade manganese and iron mineralisation, revealing significant scale and promising exploration upside.

Golden Horse Minerals has initiated a significant diamond drilling campaign at its Hopes Hill gold project, aiming to deepen geological insights and expand high-grade mineralisation zones with government-backed support.

Venus Metals Corporation has kicked off EIS co-funded diamond drilling at its Pincher Copper Project, with further campaigns planned at Youanmi and Bellchambers to test promising copper and zinc targets and advance metallurgical studies.

Black Canyon Limited has initiated a 3,000-metre reverse circulation drilling program at its Wandanya Project, aiming to expand on promising high-grade manganese and iron mineralisation along 1.5km of a 3km strike. The program is supported by a WA Government co-funded grant, with assay results expected in the coming months.

Ausgold Limited has successfully extended the high-grade gold shoot at its Katanning Gold Project by 240 metres down-plunge, reinforcing the potential for underground mining and resource growth.