Latest Mining And Drilling News

Metals X Limited reported a robust 2025 financial year with revenue up 30% to $285 million, driven by higher tin prices despite a slight dip in production. The company is advancing its key growth project, Rentails, targeting a final investment decision in late 2026.

Rox Resources is advancing rapidly toward ore production at its Youanmi Gold Project, with underground mining progress, drilling programs underway, and critical plant construction contracts secured.

Ballymore Resources is progressing development at its high-grade Dittmer Gold Project with significant portal expansion, a 3,000-metre drilling program planned for Q2 2026, and trial mining of historic backfill and remnant pillars within a granted mining lease.

Kuniko Limited has raised A$3.75 million in a strongly supported placement to fast-track drilling and resource expansion at its Commonwealth Gold–Silver Project in NSW’s Lachlan Fold Belt. Phase I drilling is underway, with results expected in April 2026.

Bayan Mining has submitted its Plan of Operations to the U.S. Forest Service, marking a key regulatory milestone ahead of its maiden 3,000m diamond drilling program at Bayan Springs South in Nevada. The company also expanded its land holdings by 13%, securing critical extensions of mineralised zones.

Cauldron Energy has announced a major uranium resource upgrade at its Yanrey Project in Western Australia, now exceeding 55 million pounds of uranium oxide. Backed by strong project economics and fully funded drilling for 2026, the company is poised to capitalise on the global nuclear resurgence amid ongoing policy challenges.

Gateway Mining is set to begin a major drilling campaign at its Great Western prospect, following promising geological mapping that highlights a potentially significant gold system in Western Australia’s Yandal Gold Project.

Magnetite Mines has secured all necessary permits to commence drilling at its Ironback Hill Rare Earth Element Project, aiming to expand on promising mineralisation discovered last year.

Diablo Resources has secured a geophysical contractor to commence an induced polarisation survey at its high-priority Star Range Silver-Antimony Project, while maiden drilling at the Phoenix Copper Project confirms encouraging copper mineralisation.

Larvotto Resources continues to deliver robust drilling results at its Freehold prospect, revealing significant gold, antimony, and tungsten mineralisation that bolsters the Hillgrove Project’s growth outlook.

Viking Mines has reported outstanding tungsten assay results up to 14.7% WO3 from surface sampling at its Nevada Linka Project, validating historical high-grade mineralisation across multiple sites. These findings underpin the company’s strategic push towards drilling and development in the US tungsten sector.

Cavalier Resources has taken a significant step forward at its Crawford Gold Project by signing a Native Title Agreement and delivering promising drilling results that support resource expansion. The company is advancing towards production while exploring funding options.