Latest Gold Mining News

Accelerate Resources Limited (AX8) has reported promising first-pass Reverse Circulation drilling results at its Balagundi Gold Project, confirming continuous gold mineralisation along the Paris Gift Trend. The initial six holes intercepted consistent gold grades, validating the company’s exploration model and highlighting significant upside potential.

Gorilla Gold has restarted drilling at its Mulwarrie and Comet Vale projects in Western Australia, reporting significant high-grade gold assay results that extend mineralisation beyond the current resource estimate. The company is advancing studies to push Mulwarrie towards development amid a strong gold price environment.

Alkane Resources delivered a record quarterly gold equivalent production of 43,663 ounces with strong cash flow, maintaining its full-year guidance amid ongoing exploration success and operational improvements.

New Murchison Gold Limited delivered a robust December quarter with production exceeding contractual ore sales limits and unveiled high-grade drilling success at the Lydia Gold Prospect, underpinning its growth ambitions.

Hamelin Gold has launched a detailed aeromagnetic survey at its Venus project in Western Australia's Murchison district, uncovering a 6-kilometre extension of gold-bearing geology and confirming high-grade mineralisation at the Magellan prospect.

Desert Metals Limited has completed the second tranche of its placement, raising a total of $1.25 million through new shares and options issued to investors and its lead manager.

Strata Minerals has secured full ownership of the Zelica Gold Project in WA’s Eastern Goldfields, launched maiden drilling targeting high-grade gold, and expanded the project footprint through a strategic acquisition, supported by a $1.1 million capital raise.

Novo Resources has responded to an ASX price query, attributing recent share price and volume spikes to insider buying and rising gold prices, while confirming no undisclosed material information.

West Wits Mining has transitioned its Qala Shallows project from mobilisation to underground production, delivering first ore to surface and targeting its first gold pour in March 2026. The company has secured substantial funding to support this milestone and future growth.

North Stawell Minerals has reported encouraging diamond drilling results at its Darlington Project in Victoria, revealing continued high-grade gold mineralisation at depth with strong parallels to the historic Mariners Lode.

Verity Resources has reported outstanding metallurgical test results from its Korong deposit, achieving an average gold recovery of 92.75%, reinforcing confidence in the Monument Gold Project’s pathway to mining.

Rox Resources has confirmed the economic viability of its Youanmi Gold Project with a robust feasibility study and commenced underground mining, backed by a $218 million equity raise. The company is on track for first gold production by mid-2027.