Latest Murchison News

Enterprise Metals has secured $1.2 million in discounted equity funding alongside a proposed board overhaul led by mining executives Phillip Gallagher and Steven Zaninovich. The incoming team will review the company’s Western Australian portfolio and decide where its limited exploration capital should go next.

Mamba Exploration has confirmed 165 historical copper intersections across a 3km corridor at its 70%-owned Meeka East project, supporting a new felsic volcanic exploration model. The company plans further mapping, geophysics and drilling, although the historical data is not sufficient to define a mineral resource.

Zinc of Ireland has transformed from a small Irish zinc explorer into a metals technology developer, acquiring Meclex, raising A$5.5 million and advancing ARGO and VOLTA. The opportunity is substantial, but both technologies remain uncommercialised and the VOLTA partnership requires formal renewal.

Meeka Metals has lifted its group Mineral Resource to approximately 1.5 million ounces after adding a maiden 270koz estimate for Mt Holland in Western Australia. The expansion comes with a sharper distinction between exploration potential and mine-ready inventory, as Ore Reserves fell to 355koz after depletion and portfolio changes.

King River Resources has shifted its operational centre of gravity to the Mindoolah Gold Project, where it identified 467,659 cubic metres of historical stockpile and waste material for evaluation. The company’s $15.9 million annual profit was driven mainly by gains on Tivan securities rather than mining revenue, leaving drilling results and funding capacity as the next tests.

Everest Metals has started a 6,000-metre drilling campaign at Revere while commissioning a Scoping Study targeted for March quarter 2027. A separate $150,000 cash and share transaction would lift EMC’s stated joint venture interest to 56% and halve a royalty burden over selected tenements.

PLC Resources has started an approximately 2,400-metre RC drilling program at Rochefort, testing whether early gold anomalism marks the edge of a larger system. The eight-hole campaign is expected to produce first assays in four to six weeks, but the company cautions that its larger-system interpretation remains conceptual.

Voltaic Strategic Resources has identified malachite-rich copper mineralisation across an approximately 100-metre area at its El Dinero prospect in Western Australia. Preliminary pXRF readings reached an average 8.31% copper in one selected sample, although laboratory assays are needed before the results can be treated as representative.

Westgold Resources has outlined a fully funded plan to lift gold production to 460-510koz by FY29 while reducing AISC to A$2,640-A$3,000/oz. The formal outlook excludes its potentially transformative Fletcher Zone, leaving a sizeable but still conceptual growth option beyond the plan.

Great Boulder Resources has reported a fresh wave of high-grade drill results at its Peak Hill Gold Project, reinforcing plans for a significant resource upgrade and near-term production underpinned by an ore purchase deal with Westgold.

Discovery Alaska Limited posted a $459,211 loss for FY2026 amid exploration write-offs and ongoing project development. The company secured $354,000 in a private placement and lined up a $900,000 placement to fund its Idaho and Western Australia gold-silver ventures.

Albion Resources has locked in a three-month exclusive option to acquire four exploration licences adjacent to its Gidgee Gold Project, adding about 27 square kilometres of highly prospective ground near known high-grade gold zones and polymetallic targets.