Latest Pinnacle Well News

Legend Mining is preparing to test its Pyrophyllite Hill gold prospect with a 50-hole aircore program after completing heritage surveys. The explorer ended September with $9.24 million in cash, although the reported 19.5-quarter funding estimate is based on a relatively modest quarter of spending.

OZZ Resources moves closer to acquiring Sulphide Minerals and regaining ASX listing with a $5 million capital raise, while navigating legal challenges on key tenements.

Legend Mining advances gold exploration at its Pinnacle Well Project, confirming extensive hydrothermal alteration and coincident IP anomalies at Pyrophyllite Hill and Alpha North, with drilling set to follow heritage surveys.

Legend Mining has pinpointed anomalous gold mineralisation aligned with a major induced polarisation anomaly at Pyrophyllite Hill within its Pinnacle Well Project, advancing plans for drill testing pending heritage approvals.

Legend Mining has identified significant chargeable-resistive features at its Pinnacle Well Project, enhancing gold prospectivity at Alpha North and Pyrophyllite Hill. The company is progressing drill approvals aiming for a July start, supported by a solid $10.2 million cash balance.

Legend Mining has expanded a significant geophysical anomaly at its Pyrophyllite Hill prospect, highlighting a promising new drill target within the Pinnacle Well Project in Western Australia.

OZZ Resources Limited has announced a fully underwritten entitlement offer to raise approximately $1.07 million, aiming to convert debt and fund project opportunities while addressing its ongoing ASX suspension. The offer carries significant risks including potential dilution and the threat of delisting if compliance is not met by June 2026.

Legend Mining’s latest geophysical surveys at Pyrophyllite Hill within the Pinnacle Well Project reveal promising signs of gold mineralisation alongside confirmed industrial mineral potential, setting the stage for upcoming drilling campaigns.

Legend Mining’s latest exploration at the Pinnacle Well Project reveals compelling geophysical and geochemical signals that enhance gold prospectivity at the Alpha North prospect, setting the stage for targeted drilling.

OZZ Resources has entered a binding option agreement with Scorpion Minerals to sell its Maguires Reward project, securing an initial $100,000 fee and potential $2.5 million consideration pending shareholder approval. Exploration activity remained subdued across its portfolio during the December quarter.

Legend Mining has significantly expanded its Pinnacle Well Project, acquiring new tenements and identifying two high-priority gold anomalies, while winding back its Rockford joint venture holdings.

Legend Mining has identified two new high-priority gold soil anomalies at its Pinnacle Well Project in Western Australia, advancing exploration with geophysical surveys and a key heritage agreement.