Latest Mining Drilling Updates News

Minerals Exploration Limited (ASX: MEX) is progressing diamond drilling at its Waitekauri Gold Project in New Zealand, focusing on shallow, high-grade gold systems historically mined at Jubilee and Sovereign prospects. Assay results from initial holes are pending, while planning continues for a significant follow-up campaign at Sovereign.

AuKing Mining has confirmed a widespread carbonatite system at its Tundulu Rare Earth Project in Malawi, intersecting carbonatite in 26 of 27 reverse circulation drill holes and setting the stage for diamond drilling to commence.

Patagonia Lithium has reached 38 metres in drilling Well 8 at its Cilon project in Argentina, with encouraging early core porosity and community approvals progressing.

Magnum Mining has advanced its auger drilling campaign at the Piracanjuba North Target, completing 161 holes over 7.4 km² and preparing for key Exploration Target and JORC Resource milestones later this year.

Chilwa Minerals has mobilised a second diamond drill rig at its Mpyupyu target in Malawi, accelerating exploration of niobium, rare earths, tantalum, and gallium within a newly identified alkaline syenite intrusion. With over 1,000 metres drilled and key assay results pending, the company is poised for a revised resource estimate in May 2026.

NewPeak Metals has completed a significant drilling campaign at its Tansey Gold Project with assay results due soon, while gearing up for a substantial drill program at Las Opeñas in Argentina. The company holds $1.4 million cash and a notable stake in Lakes Blue Energy as it weighs options for its uranium assets.

Golden Dragon Mining has resumed drilling at its Coodardy gold target, aiming to extend a newly defined high-grade gold trend over a 700m strike in Western Australia’s Cue Gold Project. The program also initiates exploration at the promising Behring Bore target.

Patagonia Lithium has advanced drilling at its Formentera lithium project in Argentina to 308 metres, revealing encouraging porosity and brine characteristics that suggest strong lithium potential. Six successful packer tests indicate increasing brine concentration and flow rates, with further drilling planned to deepen the resource understanding.

Gateway Mining has resumed drilling at its Yandal Gold Project, revealing significant gold mineralisation at the Haflinger discovery and gearing up for follow-up programs.

Adelong Gold has updated its Lauriston Project drilling progress, revealing visible gold in drillhole AC2502 and confirming assay results for six Comet prospect holes are expected in Q1 2026. Drilling has also commenced at the nearby Yankee-Trojan prospect, maintaining momentum in this promising Victorian gold-antimony system.

Patagonia Lithium has advanced drilling at its Formentera project in Argentina, reaching 131 metres with promising brine test results indicating strong lithium potential. Early packer tests reveal increasing dissolved solids and excellent flow rates, supporting the company’s resource growth ambitions.

Austral Resources Australia Ltd has agreed to acquire the Lady Loretta mine from Glencore for A$45.5 million, consolidating its copper assets near the Lady Annie Copper Mine and boosting its processing feedstock. This strategic move strengthens Austral’s balance sheet and advances its vision to become a mid-tier copper producer in Queensland.