Latest Glenburgh News

Benz Mining’s quarterly loss widened sharply as exploration spending surged at its Western Australian projects, but a subsequent C$148.02 million placement has given the company substantial funding to accelerate Glenburgh drilling. The project’s 10.1-12.0 million ounce Exploration Target remains conceptual rather than a Mineral Resource.

Gateway Mining has secured firm commitments for a A$45 million placement, including A$20 million from Jupiter Asset Management, to fund an aggressive exploration campaign at its Yandal Gold Project. The raising follows a high-grade Cowza result and will issue 562.5 million new shares at a discount to market.

Falcon Metals has raised A$30 million through a placement priced at A$0.60 per share, bolstering its capacity to expand diamond drilling at Blue Moon and initiate maiden reverse-circulation drilling at Errabiddy.

Benz Mining has locked in A$150 million from institutional investors to ramp up its Glenburgh gold drilling campaign, expanding to 14 rigs and accelerating a maiden resource estimate targeted for early 2027.

Gateway Mining has kicked off a 2,400-sample soil program across 50 kilometres of structural corridors at Glenburgh South, aiming to replicate the success of Benz Mining’s Glenburgh gold discovery. The program follows detailed magnetic surveys and targets key shear zones with results expected later this quarter.

Benz Mining’s detailed drilling at Glenburgh’s Icon deposit reveals multiple NE-plunging high-grade fold hinge zones, boosting confidence in the project’s gold resource potential ahead of a maiden estimate in 2027.

Falcon Metals has cleared regulatory and heritage hurdles to launch its maiden drilling at the Olsen Well gold target, expanding its footprint along the Errabiddy Shear Zone with promising rock chip results underpinning exploration.

Falcon Metals has pushed its Blue Moon gold mineralisation beyond 600 metres of strike, uncovering a new Jasmine Zone and confirming visible gold in multiple locations. The company also advanced its Pyramid Hill and Errabiddy projects while maintaining a robust A$15.4 million cash position.

Benz Mining's drilling at Glenburgh's Hurricane Camp reveals thick, high-grade gold mineralisation linking key zones and extending the deposit down-plunge by over 400 metres, boosting the project's growth potential.

Benz Mining’s latest drilling at Glenburgh’s Icon Camp continues to underpin a multi-million-ounce gold target, delivering thick high-grade intercepts and expanding mineralised zones towards Apollo.

Benz Mining has unveiled a maiden Exploration Target for its Glenburgh Gold Project, estimating up to 12 million ounces of gold largely defined by drilling. The project’s scale and geological setting support ambitions for a world-class gold system, with aggressive drilling planned to convert the target into a Mineral Resource by 2027.

Benz Mining reports strong metallurgical test results from the Icon deposit, showing up to 95.5% gold extraction within 24 hours and potential for broader mineralised halo to contribute to mill feed.