Latest Photonics News

PC Gold’s Spring Hill project emerged from FY2026 with a sharply larger resource, fresh institutional funding and a clearer path towards feasibility studies. The gold explorer remains pre-production and loss-making, but its post-year-end A$75 million raise gives it substantial room to expand drilling and development work.

BluGlass has begun a three-to-five-month, A$286,000 feasibility collaboration with global photonics company Coherent to develop a novel gallium nitride device for scientific and medical applications. The agreement offers technical and commercial promise, but does not yet include a production commitment or confirmed product launch.

Elk Range Mining has logged seven visible native-gold observations in its maiden drill hole at the Friday Gold Project in Idaho. The result offers fresh structural information, but assays remain the decisive test and are not expected until late October or early November.

PC Gold has identified a historically sampled high-grade domain at Spring Hill, with a composite 20.35m channel result grading 13.04g/t gold outside the current resource estimate. The target has not been drilled, leaving continuity and true width unresolved ahead of planned testing in late September.

Argent Minerals has intersected visible gold in two apparently unmined quartz veins beneath historic workings during the second hole of its maiden Trunkey Creek drilling program. The encouraging visual result remains unquantified until photon assay results establish the grades and true widths.

Elk Range Mining has identified coarse visible gold in retained historical core from its Friday Gold Project in Idaho, inside an interval previously reported at 26.54 g/t gold. The observation is encouraging but not an assay result, leaving Photon Assay results and current drilling assays as the decisive tests.

BluGlass Limited reported a 5% reduction in its net loss to A$10.39 million for FY26 despite a 10% revenue dip, boosted by new US defence and industry contracts and a significant capital raise to fund growth.

Torque Metals has delivered a stunning 11-metre intercept grading 456 g/t gold with visible nuggets at its HHH deposit, underscoring the high-grade growth potential of its Ritz Gold Project in Western Australia.

Waratah Minerals has pushed the boundaries of its Consols Gold Zone in New South Wales, revealing a fresh shallow high-grade gold zone alongside substantial deeper mineralisation. Meanwhile, drilling at the Spur Project continues to expand the mineralised footprint northwards.

Alkane Resources has identified a previously unmined high-grade gold and antimony zone at its Cuffley Lode within the Costerfield project, with assay results revealing spectacular grades. The new discovery is being fast-tracked into the mine schedule, promising to bolster production at this Victorian underground operation.

PC Gold’s recent diamond drilling at its Spring Hill Gold Project has delivered high-grade gold intercepts well above modelled expectations, reinforcing the potential for a resource upgrade in late 2026.

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.