Latest Mining And Drilling News

Nelson Resources has submitted a Program of Work for an extensive drilling program at its Yarri Gold Project, with MEGA Resources set to fully fund operations up to $10 million. Drilling is expected to begin shortly after regulatory approval.

Magnetic Resources NL confirms a highly economic 9-year gold mining project at Lady Julie with a pre-tax NPV of A$970 million and strong funding momentum. The project is poised for construction readiness following key approvals and a successful $35 million placement.

Polymetals Resources has identified a promising new zone of massive sulphide mineralisation south of its Endeavor Mine, prompting plans to accelerate exploration efforts.

Red Sky Energy has secured regulatory approval to begin drilling the Killanoola-2 well, marking a significant step forward for its South Australian oil project. Drilling is expected to commence imminently, potentially unlocking substantial new resources.

Vault Minerals delivered a strong September quarter with record gold production and advancing key infrastructure upgrades, setting the stage for significant free cash flow growth in FY27.

Evergreen Lithium has secured key regulatory approvals to begin reverse circulation drilling at its Mt Monger Gold Project, targeting high-potential gold prospects Duchess of York and Kiaki Soaks. The campaign aims to unlock valuable insights and guide further exploration in 2026.

Rumble Resources has commenced diamond drilling at its Western Queen Gold Project, progressing an underground mining scoping study that shows better economics than open pit options. A new processing partnership with Gylden Resources could streamline ore treatment.

Adavale Resources has achieved a crucial milestone by securing 100% Native Title consent for its Marree uranium project in South Australia, paving the way for advanced exploration activities.

Tartana Minerals reports promising copper and gold assay results at Muscleville, near its Tartana Copper Mine, while expanding its exploration footprint with the acquisition of the Molloy Regional Project in Far North Queensland.

Aurelia Metals reports a 12% increase in Mineral Resources and a 17% rise in Ore Reserves, driven by strong copper growth at its Peak Operation and the commencement of production at Federation Mine.

Evolution Energy Minerals has fast-tracked its Chilalo Graphite Project in Tanzania, aiming to begin ore mining by late 2027 amid strong government partnership and advancing financing talks.

Lightning Minerals has reported promising high-grade gold and silver intersections from its initial drilling at the Mt Turner Project in Queensland, confirming near-surface epithermal mineralisation and open potential along a 14km fault line.