Latest Geophysics News

Sierra Nevada Gold (ASX: SNX) has received five exploration licences for its As Safra copper-gold project in Saudi Arabia, granted by Royal Decree, allowing immediate drilling with three rigs on site. The licences reflect top-level government support and align with Saudi Arabia’s Vision 2030 mining ambitions.

AuKing Mining has locked in Thompson Resources to kick off a minimum 5,500m drilling campaign at its Tundulu Rare Earths project in Malawi, targeting structural extensions and depth continuity from mid-May 2026.

Bindi Metals has identified extensive induced polarisation anomalies spanning two kilometres at its Ravni Project in Serbia, aligning with high-grade surface gold mineralisation and soil anomalies. With permits secured and site works underway, maiden diamond drilling is set to test these promising targets from May 2026.

White Cliff Minerals has recommenced drilling at its Rae Copper Project, delivering high-grade copper-silver results and metallurgical testwork supporting simplified processing. The company agreed to sell its Great Bear Project for A$5.8 million, refocusing resources on Rae.

Alchemy Resources secured a major milestone with Newcam Minerals exercising its option on Bryah Iron Ore assets, while divesting Karonie and Lake Rebecca projects to Forrestania Resources, alongside promising exploration results at Yellow Mountain in NSW.

Matsa Resources has kicked off a major diamond drilling campaign at Fortitude North targeting up to 1.85 million ounces of gold while reporting robust $28.7 million gold sales and $6.1 million EBITDA from the Devon Pit Gold Mine.

Aldoro Resources has defined high-priority gold targets at its Damara Gold Project and confirmed significant rare earth and associated mineralisation at Kameelburg, with drilling and metallurgical progress underpinning its dual-commodity strategy.

Diablo Resources has identified multiple high-grade silver-antimony-copper-gold trends at its Star Range Project in Utah, with maiden drilling scheduled for Q2 2026. Early drilling at the Phoenix Copper Project also confirmed shallow copper mineralisation, supporting further exploration.

Scorpion Minerals has solidified its position in Western Australia’s Murchison region by acquiring the Old Prospect gold tenements and progressing strategic partnerships, setting the stage for extensive drilling and resource upgrades.

Dalaroo Metals completed full acquisition of its Greenland Blue Lagoon Project, confirming a district-scale critical minerals system, while advancing high-grade gold exploration in Côte d’Ivoire with drill-ready targets and expanding investor access via a US OTCQB listing.

RareX Limited has advanced its rare earths ambitions by securing a key mining lease at Cummins Range, appointing a strategic board member, and raising $5 million to fund exploration and development.

Dart Mining NL reported standout high-grade gold, silver, and antimony results from its Queensland projects, alongside key acquisitions and asset sales, as it advances towards a maiden resource estimate at Coonambula.