Latest Geophysics News

Arika Resources has locked in $6.55 million through a placement led by Lion Selection Group, which will hold a 6.7% stake, to fund a major drilling campaign at its Yundamindra and Kookynie gold projects in Western Australia.

Tasman Resources (ASX:TAS) is gearing up for a significant ramp-up in drilling activity across its Lake Torrens and Parkinson Dam projects, with Fortescue (ASX:FMG) set to drill two maiden holes at the Titan West IOCG target starting late August 2026. Meanwhile, Tasman plans up to twenty new drill holes at Parkinson Dam targeting high-priority epithermal and hydrothermal prospects.

Torque Metals has boosted its Paris Gold Project resource by 40% to 351,000 ounces at 3.1g/t gold, underpinning an ambitious new growth strategy, Project RPM, aimed at rapidly expanding its South Kalgoorlie Gold Camp to a 1 million ounce high-grade resource.

Patagonia Lithium's Well 8 at the Formentera/Cilon project in Argentina has delivered impressive packer test flow rates up to 705 L/hr at 257m depth, alongside rising specific gravity and total dissolved solids that hint at promising lithium concentrations.

Prodigy Gold’s latest scoping study for the Hyperion Gold Project outlines a viable open pit operation with a 260,000-ounce production target and strong financial metrics. Meanwhile, exploration funding and ore sorting advances at Old Pirate support near-term development prospects.

Metals X reported a steady tin output at Renison with a 5.9% tin price lift boosting revenue and EBITDA despite increased costs and a marginal net cash flow dip. Capital projects and exploration advanced, while the company’s strong cash reserves underpin its growth ambitions.

Koonenberry Gold (ASX:KNB) bolstered its NSW portfolio by acquiring the Gundagai Gold-Copper Project and delivering strong drill results at Enmore and Junee JV, positioning for an active exploration phase.

Union Star Metals has sharpened its exploration focus on the Cobb Creek Gold Project in Nevada, identifying a significant concealed gold target and progressing toward maiden drilling while divesting non-core assets to streamline operations.

Bayan Mining has launched its first-ever drilling program at the Desert Star Rare Earth Project, confirming key mineralisation and signing a strategic MoU with US Critical Materials to develop processing technologies.

Kingfisher Mining has completed extensive drilling at its Broken Hill Project, delivering high-grade copper-gold assays that push the Copper Blow project closer to a maiden resource estimate while progressing a strategic partnership with Broken Hill Mines.

Tali Resources has kicked off a broad aircore drilling campaign at its West Arunta Project, backed by a $3 million placement and a $270,000 government grant to fund further prospect testing.

S2 Resources secured new tenements, completed heritage and aeromagnetic surveys, and obtained drilling approvals across WA, NSW, and Victoria, maintaining a robust cash position of A$18.57 million.