Latest Murchison News

Castle Minerals has raised $4 million through a share placement to fast-track exploration at its Nielle Gold Project in Côte d'Ivoire and support its Western Australian portfolio. The funding positions Nielle as the company’s flagship asset with near-term drilling plans underway.

Westgold Resources delivered a landmark FY26 with record gold output, soaring profits, and a strong balance sheet underpinning a 10 cents per share fully franked dividend.

Caprice Resources has reported significant drilling success at its Island Gold Project, extending gold mineralisation at the Vadrians deposit both along strike and at depth. The results highlight a structurally controlled system with ongoing exploration potential.

Westgold Resources outlines a $100 million brownfields expansion to raise Meekatharra processing capacity to 2.9Mtpa, aiming to add 47,000 ounces of annual gold production by FY28 and lift project NPV by up to $1.6 billion at spot gold prices.

Discovery Alaska Limited (ASX: DAF) has secured a strategic foothold in Western Australia’s Murchison Goldfields through the acquisition of the Cuddingwarra Gold Project, backed by a $900,000 placement to fund exploration and expansion.

E79 Gold Mines has secured essential tenements at its Cue Gold Project, paving the way for a major drilling campaign targeting over 10,000 metres of gold-bearing structures starting in October 2026.

Meeka Metals has encountered visible gold at a record depth of 632.8m in its Turnberry underground project, prompting the mobilisation of a second diamond drill rig to accelerate exploration of this expanding high-grade system.

Terrain Minerals’ 2026 IP survey at Smokebush has pinpointed seven top-tier gold drill targets, including the strongest chargeability anomaly near its Lightning deposit, setting the stage for a 2027 drilling campaign.

Odyssey Gold’s latest drilling at Tuckanarra confirms continuity and high-grade extensions at Anchor, Maybelle, and Lucknow deposits, underpinning updated resource estimates and mining studies.

MLG Oz Limited lifted net profit after tax by 19.2% to $14.5 million, supported by stronger crushing and screening services and renewed contracts with key mining clients.

Albion Resources has uncovered exceptionally high-grade gold at its Gidgee Gold Project, with rock-chip sampling returning a standout 280.3 g/t Au from the Phar Lap Prospect, setting the stage for a maiden drilling campaign.

Westgold Resources reports a 41% jump in gold Ore Reserves to 4.1 million ounces with a 15% grade uplift, achieved at a notably low reserve addition cost of $27 per ounce. The company plans to invest up to $75 million in exploration drilling in FY27 to sustain this growth trajectory.