Latest Resource Expansion Drilling News

Legacy Minerals enters FY2027 with a larger Mt Carrington resource, a positive preliminary development study and fresh drilling underway, but the proposed mine still requires substantial funding. The ASX-listed explorer reported a A$1.85 million FY2026 loss and held A$6.07 million in cash at year-end.

Cannindah Resources is accelerating drilling at its Cannindah Breccia deposit after identifying mineralisation beyond the existing resource and along a broader 2km structural corridor. An updated resource estimate, incorporating 45 additional drill holes and new metallurgical inputs, is targeted by the end of September.

Breakthrough Minerals extends high-grade copper-gold mineralisation at its Turpentine deposit with new drill results confirming resource growth potential in North Queensland.

Horizon Gold has unveiled significant gold intercepts from recent RC drilling at its Gum Creek Project, notably confirming an 800-metre southern extension at the Howards prospect alongside promising results at Heron South and Melbourne Bitter, underpinning potential resource growth ahead of planned updates.

Killi Resources appoints seasoned geologist Hamish Halliday as Managing Director, signalling a strategic push to advance the Lodestone Iron Ore Project. Brett Smith steps up as General Manager – Technical, while former CEO Kathryn Cutler departs by mutual agreement.

Breakthrough Minerals (ASX:BTM) has delivered robust assay results from its 2026 drilling campaign, confirming high-grade copper-gold mineralisation extending beyond current resources at its North Queensland projects.

Quantum Graphite has cemented a two-decade exclusive ore supply agreement with Sunlands Pure Group, consolidating its downstream processing and refining operations. The company also secured environmental approvals for Sunlands Pure’s Oman refinery and kicked off detailed engineering for its Uley 2 project.

Many Peaks Minerals has reported a landmark maiden Mineral Resource Estimate of 1.32 million ounces at its Ferké Gold Project, underpinning an aggressive exploration and development push supported by a A$27.5 million capital raise.

Ballard Mining has delivered its highest gold intercept to date at the West Knell Prospect within the Mt Ida Gold Project, reporting 9 metres at 27.1 grams per tonne gold. This breakthrough expands mineralisation along the underexplored Ballard Fault Zone and supports an upcoming resource update and mining lease application.

Pilbara Gold has reported significant new gold intersections below the current pit shell at its Mt York Project, suggesting potential for resource growth ahead of a prefeasibility study update.

Black Canyon's pilot scale Dense Media Separation testwork boosts manganese grades at Wandanya to 41% with recoveries around 80%, underpinning a promising development pathway.

Western Mines Group (ASX:WMG) has delivered further high-grade nickel sulphide assay results from recent drilling at its Mulga Tank Project, revealing broad mineralised zones and standout intervals exceeding 2% nickel. These findings are set to expand the current resource and reinforce the project's hybrid nickel sulphide system potential.