Latest Grade Control Drilling News

Strata Minerals has identified multiple untested structural trends across its Zelica Gold Project after interpreting high-resolution airborne magnetic data. The targets extend beyond a maiden 42,000-ounce resource, but still require geochemistry and drilling to determine whether they host additional gold.

Aquirian has begun mobilising at Brightstar Resources’ Lord Byron site and started a $200,000 grade control drilling program. The work is the first operational step under a broader three-year contract valued at approximately $48 million.

Reach Resources has identified shallow, higher-grade gold zones in grade control drilling at the proposed NW Pit, including 2 metres at 24.6 g/t Au within a broader 7-metre interval grading 7.5 g/t Au. The results largely support the existing resource model while pointing to additional grade and width that could influence mine scheduling.

Minerals 260 has strengthened the funding and development position of its Bullabulling gold project, reporting approximately A$600 million of pro forma cash and a definitive feasibility study still targeted for Q1 2027. The company has also completed initial grade-control drilling, expanded its mining tenure and advanced village and water infrastructure.

Wiluna Mining has repaid its remaining approximately $40 million Byrnecut loan from IPO proceeds, leaving the gold developer with no secured debt or borrowings. The company now plans 220,000 metres of drilling over two years to support potential underground and open pit restarts.

Strata Minerals advanced technical and environmental work at its Zelica Gold Project during the September quarter, while a 42,000oz maiden resource announced after quarter end gave the project a clearer development base. The company ended the period with A$1.4 million in cash and no debt, but remains pre-production and dependent on approvals, further studies and its BML Ventures partnership.

Catalyst Metals delivered record Plutonic Gold Belt production and a sharp lift in earnings during FY2026, while its Ore Reserve base climbed to 1.971 million ounces. The company now has four operating mines, a large cash buffer and a pipeline aimed at doubling annual production, but safety performance and execution remain important tests.

Wiluna Mining is asking investors to fund an $180 million relisting and mine-restart plan after a processing-tank rupture halted its revenue-generating operations. The company delivered a $59.5 million FY26 profit, but its prospectus warns that near-term gold sales are not expected and the restart remains unproven.

Rox Resources has accelerated underground development and advanced construction at Youanmi, with the processing plant 39% complete and first gold still targeted for mid-2027. The project is now fully permitted and funded facilities have begun drawing, although construction spending and one major contract remain in focus.

Neometals reported high-grade gold and copper intersections at Barrambie during the September quarter, but its cash position remains tight after drawing a A$2 million secured loan. The company estimated only 1.08 quarters of funding and is still pursuing A$5 million in unpaid placement proceeds.

Auric Mining has moved from study work towards execution at its Burbanks-Munda gold plan, securing processing infrastructure for A$1.2 million and reporting strong Munda drilling results. The company is targeting mining at Munda in late 2027 and first gold from Burbanks in early 2028, subject to approvals and project execution.

Minerals 260 says 320 grade-control holes at Bullabulling have delivered results consistent with its 6.2Moz resource model, while infill drilling returned standout grades at Phoenix and Bacchus. The next test is whether these higher-grade zones prove continuous enough to influence mine planning and the definitive feasibility study.