Latest Mining And Drilling News

A takeover offer lit up small caps, while one high-growth software name slid hard despite strong sector news. Resources dominated the winners list, but investors still punished dilution and discounted fundraisings.

Enova Mining has completed over 65% of its diamond drilling program at the East Salinas rare earth project in Brazil, with initial assay results expected by early February. The drilling targets high-grade rare earth mineralisation across multiple prospects, aiming to confirm continuity and support resource development.

Peel Mining has initiated a 9-hole drilling program at its Southern Nights Complex in NSW, targeting expansion of its significant silver-rich polymetallic resource. The campaign aims to unlock new high-grade zones and enhance geological insights within the South Cobar Project.

Star Minerals has received mining approval for its Tumblegum South Gold Project and commenced grade control drilling, setting the stage for production in early 2026 amid rising gold prices.

Vault Minerals delivered a robust December quarter with 76,520 ounces of gold produced and significant progress on its King of the Hills processing plant expansion, positioning the company for higher throughput and full exposure to gold prices after closing its hedge book.

Broken Hill Mines is advancing preparations for mining at its Pinnacles silver-lead-zinc mine, targeting a June 2026 production start with expanded drilling and site upgrades.

A few stocks did the heavy lifting this week, with one biotech exploding higher and a gas name collapsing on the other side of the ledger. Big moves came from capital raises, regulator decisions, and drill results that investors treated as near-term value, not distant promises.

Mount Hope Mining has completed Phase 1 drilling at its Mt Solitary Gold Project with promising high-grade gold results and has commenced Phase 2 drilling, backed by a $1.23 million capital raise to accelerate exploration along the 7.5km MS2 Gold Corridor.

Kalamazoo Resources has launched the Pre-Feasibility Study for its Mt Olympus gold project amid a fresh drilling campaign, while CEO Luke Mortimer announces his departure to take a senior overseas role.

M3 Mining has completed a comprehensive review of its Edjudina Gold Project, revealing promising new gold targets at Yilgangie and Capitan prospects. The company is advancing heritage agreements and preparing for follow-up drilling to explore these highly prospective zones.

Magnetic Resources NL reports promising diamond drilling results at its Lady Julie North 4 gold deposit, indicating potential to expand the current 1.94 million ounce resource with significant underground extensions.

St George Mining has announced a significant high-grade niobium discovery 400 metres outside its existing Araxá Mineral Resource Estimate, potentially expanding one of the world’s premier niobium projects.