Latest Resource Definition Drilling News

Terra Metals has reported broad PGM-Cu-Ni mineralisation and repeated higher-grade reef layers from three holes at its Southwest Discovery in Western Australia. The results strengthen the geological picture ahead of a planned maiden Mineral Resource Estimate, but true widths, recoveries and resource scale remain unconfirmed.

Maronan Metals has marked a transformative year with a positive Preliminary Economic Assessment, grant of a key Mineral Development Licence, and two capital raises totaling nearly A$40 million, positioning the company for accelerated development of its Queensland silver-lead and copper-gold project.

Valiant Gold is fast-tracking the restart of its Comet Gold Mine in Western Australia, securing major infrastructure contracts and advancing technical studies to target production resumption by Q2 FY27.

Australian Gold and Copper Ltd (ASX: AGC) has delivered a major new high-grade polymetallic discovery at its South Cobar Evergreen prospect, with drill hole 26DDBR017 returning standout assays that extend the known mineralisation by 150 metres. The company is advancing follow-up drilling to define this promising zone.

Australian Gold and Copper Ltd (ASX: AGC) has revealed a significant new gold-silver zone at its Evergreen Prospect, with assays returning 13.6m at 4.6g/t gold and 23g/t silver from 51.4m. Follow-up drilling is underway to expand this shallow oxide mineralisation, which remains open along strike and at depth.

Tanami Gold’s Central Tanami Project Joint Venture has inked a $38 million contract with Macmahon to build a 3.5km underground decline, setting the stage for a major resource upgrade and development decision in 2027.

MGX Resources and Tanami Gold have contracted Macmahon Underground for a $38 million build of a 3.5km underground decline at Groundrush, aiming to upgrade 400,000 ounces of inferred gold resources and push the Central Tanami Project towards a 2027 development decision.

Kalamazoo Resources has reported standout high-grade gold intersections from its completed drilling at Mt Olympus within the Ashburton Gold Project, reinforcing the deposit’s continuity and growth potential ahead of a resource update.

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.

TG Metals Limited has delivered a maiden inferred lithium resource at its Burmeister deposit within the Lake Johnston Project, outlining a 6.7 million tonne resource grading 1.18% Li2O with significant exploration upside.

Nelson Resources has completed a comprehensive soil sampling program at its Cinnamon Property in Nevada, affirming a high-grade copper-gold discovery at Sheba and prioritising the near-surface tungsten potential at Ophir.