Latest Resource Drilling News

Flynn Gold has returned to trading with a one-for-three renounceable rights issue priced at A$0.015, seeking up to approximately A$3 million for Tasmanian exploration. Only A$1.5 million is underwritten, leaving the final proceeds dependent on shareholder participation and shortfall demand.

Killi Resources has intersected a 50-metre zone of visually estimated crystalline magnetite 600 metres south of Lodestone’s existing 110Mt inferred resource. The result also identified a separate 16-metre hanging-wall zone, but assays and metallurgical testing are still pending.

Jade Gas will use targeted 2D and 3D seismic to test whether its established coal-measure gas system extends into deeper CBM, shale gas and tight sandstone horizons in Mongolia. The exploration could expand TTCBM’s longer-term potential, but the company says commercialising existing resources remains the immediate priority.

Cobre has logged copper sulphide mineralisation in its first deep diamond hole at Sierra Atacama since 2021, extending the system below the existing operation. The result is encouraging but remains visual and preliminary, with laboratory assays due in October.

Pivotal Metals has used its FY2026 annual report to position Horden Lake as a larger, better-understood Quebec copper project, with a maiden scoping study targeted for September. The company also expanded Belleterre drilling and added the Bambino project, but remains loss-making and dependent on further funding.

Anson Resources has completed environmental baseline surveys at its Yellow Cat uranium-vanadium project in Utah, clearing a stated hurdle ahead of planned drilling. The next test is whether twin holes can validate historical high-grade results and support a maiden JORC 2012 resource estimate.

Sentinel Metals has reported broad, stacked gold mineralisation at its Columbia project in Montana, including a 48-metre intercept at 1.13g/t gold. Fire assays have also confirmed the company’s earlier high-grade maiden-hole result, while a November resource update now looms as the key test.

Trek Metals has secured a nine-month option to acquire the 154-claim Matrix Manganese Project in Arizona for a total potential cash consideration of A$200,000. The deal offers a low-cost route into a US critical-minerals opportunity, but carries a significant related-party consideration because CEO Derek Marshall owns about 66.67% of the vendor.

Midas Minerals has returned a high-grade 10.9-metre copper intercept at its Deblin deposit in Namibia, including 5.7 metres at 8.85% copper. The results strengthen the case for continued resource drilling, although Deblin has yet to receive a mineral resource estimate.

PLC Resources has started an approximately 2,400-metre RC drilling program at Rochefort, testing whether early gold anomalism marks the edge of a larger system. The eight-hole campaign is expected to produce first assays in four to six weeks, but the company cautions that its larger-system interpretation remains conceptual.

Rox Resources has reported multiple high-grade underground gold intercepts at Youanmi’s United North area, including 10.30m at 12.46g/t. Ore drives on two levels have also extended about 125m beyond the existing DFS mine plan, with production stoping preparations now underway.

Tungsten Mining has secured the primary approvals needed to take its Watershed tungsten project in Far North Queensland through to mining and production, while early site works are already under way. The project remains pre-FID, with financing and the October DFS still critical to the H1 2027 production target.