Latest Lachlan Fold Belt News

Adavale Resources has reported assay results from 13 additional drillholes at its London-Victoria gold mine, confirming and expanding gold mineralisation beneath the historic open pit. The ongoing drilling program supports a larger mineralised system along the Parkes Thrust corridor, with promising metallurgical testwork and a planned resource update.

Koonenberry Gold (ASX:KNB) has pinpointed a significant near-surface porphyry copper-gold target at its Dunedoo Project in NSW, backed by robust geological, geophysical, and geochemical data. Drill permits are secured for a Q3 2026 campaign targeting multiple priority prospects including Bolinda Vale, Hillside, and Tucklan.

Newmont Exploration has kicked off a fully funded diamond drilling campaign at Koonenberry Gold’s Junee JV, targeting a large gold-in-soil anomaly at the Allawah Prospect with results expected late 2026.

Adavale Resources has agreed to sell its Marree Embayment uranium licences to Orpheus Uranium for $650,000 cash and 5 million shares, sharpening its focus on a 166,000-ounce gold resource in New South Wales.

Xpedra Resources has unveiled robust assay results from its maiden drilling at the Springfield Gold Deposit in NSW, revealing extensive shallow gold mineralisation with multiple high-grade zones and plans for deeper follow-up drilling.

Kuniko Limited, Impact Minerals’ JV partner, is set to begin Phase 2 diamond drilling in early July 2026 at the Commonwealth-Silica Hill Gold-Silver Project in NSW, targeting extensions to recently discovered high-grade mineralisation.

Kuniko Limited is set to kick off Phase 2 diamond drilling at its Commonwealth–Silica Hill Project in early July 2026, aiming to extend mineralisation and deliver a resource upgrade by year-end. The move follows a successful Phase 1 campaign that intersected mineralisation in all holes and unveiled a significant new zone at Silica Hill.

Koonenberry Gold’s maiden diamond drilling at Postman’s Gully within the Enmore Project has confirmed substantial gold mineralisation associated with the Borah Fault, revealing promising intersections up to 12m at 1.02g/t Au and extending mineralisation open in multiple directions.

Lightning Minerals has locked in A$1.85 million through a two-tranche placement to accelerate drilling and exploration at its Mt Turner Gold Project, underpinning its strategic pivot to gold-led growth.

Adavale Resources has boosted its Parkes Project gold resource by 44% to 166,000 ounces through a 100% scrip acquisition of the Calarie mining licence and three exploration licences, consolidating its belt-scale position in NSW’s Lachlan Fold Belt.

Xpedra Resources continues to hit broad, shallow gold zones at its Springfield Gold Deposit in NSW, with a standout 52-metre intercept at 1.35g/t gold reinforcing the project's scale and potential for expansion.

Kuniko Limited has wrapped its Phase 1 diamond drilling at the Commonwealth-Silica Hill project in NSW, revealing robust gold, silver, and base metal grades. The company is gearing up for a more expansive Phase 2 drilling campaign starting in July to test extensions and new targets within this prolific polymetallic system.