Latest Resource Definition Drilling News

Midas Minerals has raised $28 million through a heavily supported placement to fund expanded drilling and feasibility studies at its Otavi project in Namibia. The capital boost lifts the company’s cash reserves to approximately $33 million, underpinning an aggressive exploration push.

Haranga Resources has almost finished a 3,270m underground diamond drilling program at its Lincoln Gold Project in California, uncovering visual evidence of gold mineralisation repeating at depth. Assay results and a maiden JORC Mineral Resource Estimate are expected soon, alongside new exploration targets.

GoldArc Resources is pushing aggressively towards near-term production at its Leonora Gold Project, leveraging over 24,000m of recent drilling and strategic partnerships that cover development costs. The company aims to start mining by late 2026, backed by a 200,000oz JORC resource and a seasoned technical team.

Tivan Limited has initiated its 2026 exploration drilling program in central Australia targeting tungsten and fluorite mineralisation at the Molyhil and Sandover projects following regulatory and cultural heritage clearances.

Larvotto Resources has reported robust diamond drilling results at its Metz Mining Centre, revealing wide zones of gold, antimony, and tungsten mineralisation that promise to boost the Hillgrove project’s resource base.

Mount Ridley Mines has announced a significant inferred mineral resource of heavy rare earth oxides at its Western Australian project, highlighting strong concentrations of critical elements dysprosium and terbium essential for advanced technologies.

Kalamazoo Resources reports strong initial assay results from its Phase 1 drilling at Ashburton, confirming significant gold mineralisation beyond the existing 1.44Moz resource. The findings validate geological models and set the stage for further resource growth.

PC Gold has reported multiple thick, high-grade gold intercepts from drill hole MS-011, extending the Main Zone strike at its Spring Hill Gold Project by 120 metres to the south. This discovery opens up significant potential to increase resource size and improve project economics within the existing pit shell.

Sunshine Metals has launched a significant resource definition drilling program at its high-grade Liontown Gold Panel, aiming to bolster underground mining prospects and update resource estimates.

Gold Mountain Limited reports robust high-grade rare earth mineralisation at its Capivara Prospect in Brazil, with assay results confirming significant shallow deposits and promising magnet rare earth oxide ratios. The company is advancing towards resource definition drilling and metallurgical testing.

Vita Resources has commenced mobilisation for its inaugural auger drilling campaign at the Ninnis Gold Project in Western Australia, targeting key regional structures known for significant gold discoveries.

Ramelius Resources reports a statutory loss for H1 FY26 driven by Spartan acquisition expenses, yet underlying EBITDA rises on higher gold prices. Integration of Dalgaranga and progress on Rebecca-Roe signal growth ahead.