Latest Geochemical Survey News

Reward Minerals has completed its maiden drilling program at the Jackpot gold-copper prospect, but the more immediate investor issue is funding: the company held $262,000 in cash at 30 September, equivalent to 0.43 quarters of reported outgoings. Reward says it intends to pursue a placement or entitlement issue while awaiting assay results and continuing Beyondie partnership talks.

Ausmon Resources has outlined a potential path towards maiden rare earths resource work in South Australia, but the explorer remains heavily dependent on external funding. An auditor has identified a material uncertainty over the company’s ability to continue as a going concern.

NGX Limited (ASX:NGX) has warned of a material uncertainty over its ability to continue as a going concern after cash reserves fell to A$1.65 million. The minerals explorer says it will need additional working capital through September 2027, despite advancing graphite, rutile and uranium projects.

Evergold has defined three priority gold targets at its Leonora Goldfields Project after combining 1,312 soil samples with detailed drone magnetics. The early-stage results sharpen the company’s exploration pipeline, but drilling is still needed to establish whether the surface anomalies continue into bedrock.

Clara Resources is set to kick off a maiden drilling campaign at its Mareeba Gold Project, marking the first drilling activity since the late 1980s. The program, fully funded by a $1.165 million placement, targets historic high-grade gold zones and aims to establish a maiden JORC Mineral Resource.

Lightning Minerals has identified two distinct gold target corridors within the Western Zone of its Mt Turner Project, highlighting a 1km-long intrusion-related gold anomaly and multiple epithermal-style trends. Follow-up sampling and trenching are planned to refine these targets ahead of drilling.

Manhattan Gold Corporation’s latest drilling at the Jaws target within the Hook Lake Project delivers multiple broad gold intercepts with improved grades and thickness over historic data, extending mineralisation over 150 metres southwest and confirming significant upside potential.

Duketon Mining has kicked off a 2,500-metre reverse circulation drilling program at its Barlee Gold Project, aiming to extend promising gold mineralisation identified in its maiden campaign and supported by strong soil geochemistry.

Novo Resources Corp bolsters its Australian gold and copper exploration pipeline with a maiden inferred resource at Belltopper and strategic gains at Egina following Northern Star’s JV exit.

North Stawell Minerals has pushed its high-grade gold footprint at Darlington further north, intersecting 0.4m at 17.1 g/t Au over 70m beyond previous results, reinforcing the prospect’s likeness to the nearby Stawell Gold Mine.

High-Tech Metals has pinpointed four priority gold targets at its Mt Eureka South Prospect through an integrated geophysical and geochemical survey, setting the stage for targeted follow-up drilling.

Liberty Metals has kicked off its maiden exploration at the newly acquired Oko North and South projects in Guyana’s prolific Oko gold district, targeting drill-ready anomalies with cutting-edge in-field gold detection technology.