Latest Murchison News

BOA Resources has completed its maiden 46-hole RC program at Ricci Lee with high-grade copper results across two lodes, including a 23-metre intersection at 2.65% copper. The mineralisation remains open at depth and to the north, with diamond drilling planned to begin in November.

Caprice Resources has declared a maiden 522,000-ounce JORC Mineral Resource at its Island Gold Project in Western Australia, including a 340,000-ounce high-grade component. The resource gives the company a quantified platform for growth, but nearly half the ounces remain Inferred and the project is not yet an Ore Reserve.

Scorpion Minerals has strengthened the development case for its Old Prospect gold deposit, with a new open-pit optimisation identifying 16,159 ounces at a A$6,000 per ounce gold price. The project now has a proposed processing pathway and a mining lease application in the Right to Negotiate stage, but funding remains limited as drilling and studies ramp up.

Enterprise Metals has formalised Phillip Gallagher’s executive chairman appointment and increased the second tranche of its placement to approximately $880,000. The package ties his potential equity incentives to share-price, resource and strategic milestones, but both the placement and incentives require shareholder approval.

Western Ridge Resources has completed its first modern drilling campaign at the Keystone silver-gold project in Nevada in more than 80 years, with assays from nine holes still pending. The company is also expanding into Western Australia’s Murchison region, but ended the quarter with only A$495,000 in cash and less than one quarter of estimated funding.

Gwardar Resources has begun trading on the ASX after an oversubscribed $6 million IPO, leaving the explorer with a reported $5.63 million cash position at quarter-end. Its first exploration quarter produced no drilling results, but advanced target generation across two Western Australian projects.

Odyssey Gold has outlined a potential 79,000-ounce first-stage development at Tuckanarra, backed by a 451,000-ounce resource and fresh high-grade drilling. The project’s path to production remains conditional, however, with the replacement toll milling agreement unresolved and only A$3.027 million in cash.

Reach Resources has moved its Murchison South project closer to mining after Andel exercised its option over the Blue Heaven tenement, while grade-control drilling returned shallow, high-grade gold. The proposed development remains conditional on regulatory, environmental and commercial milestones.

New Murchison Gold has struck its highest-grade one-metre RC sample at Garden Gully, with 14 metres grading 231.67g/t gold beneath the Crown Prince open pit. The result sits outside the current resource and near the proposed underground mine design, but its geometry and continuity remain unconfirmed.

Meeka Metals increased September-quarter gold production to 7,237oz while generating A$13.5 million in mine operating cash flow and ending the period with A$51.2 million in cash. The company is now moving from open-pit mining towards a two-underground-mine operation, with first ore from Fairway targeted for January 2027.

Ordell Minerals has reported broad, shallow gold intersections at McNabs East, with the results expected to support a maiden Mineral Resource Estimate in the December 2026 quarter. Deeper drilling is also extending mineralisation, while the company advances technical work on a potential Barimaia development opportunity.

Reach Resources has identified shallow, higher-grade gold zones in grade control drilling at the proposed NW Pit, including 2 metres at 24.6 g/t Au within a broader 7-metre interval grading 7.5 g/t Au. The results largely support the existing resource model while pointing to additional grade and width that could influence mine scheduling.