Latest Reverse Circulation Drilling News

Mantle Minerals has agreed to sell its Mt Roe gold project subsidiary for $13.5 million, marking a pivotal step in its growth strategy. The company also secured a government drilling grant for its Mt Berghaus project and raised $250,000 to support ongoing operations.

Lincoln Minerals Limited has unveiled a comprehensive update on its critical minerals projects in South Australia’s Gawler Craton, highlighting imminent drilling approvals at the Minbrie copper-base metals project and strong progress across graphite, uranium, and high purity iron assets.

Rimfire Pacific Mining is advancing its position as a leading scandium explorer in Australia’s Fifield district, with plans for new Mineral Resource Estimates and a $3.5 million capital raise to fund drilling and exploration. Joint ventures with Golden Plains Resources have been reinstated, underpinning a strategic push in a critical mineral market facing supply constraints.

Golden Horse Minerals has reported promising initial assay results from its first diamond drill hole at Hopes Hill, revealing high-grade gold mineralisation at unprecedented depths and expanding the project's underground potential.

American West Metals reports significant copper sulphide discoveries and thick mineralised intersections at its Storm Copper Project in Nunavut, Canada, highlighting strong potential for resource expansion.

Galileo Mining has kicked off a significant 5,000-metre aircore drilling campaign at its Norseman project, aiming to build on promising palladium and platinum results and grow its existing 1.27 million ounce palladium equivalent resource.

Breakthrough Minerals has completed its acquisition of the high-grade Errolls Gold Project in Western Australia and raised A$1.2 million to fund an imminent drilling campaign targeting promising gold lodes.

Marmota Limited is ramping up its maiden drilling program at the Greenewood gold discovery, increasing planned drilling from 10,000m to approximately 12,500m amid strong early progress.

Dynamic Metals Limited’s latest Phase 2 drilling results at the Cognac West prospect confirm significant gold and copper mineralisation, highlighting a complex polymetallic system. The findings pave the way for refined exploration strategies incorporating new geophysical insights.

Beacon Minerals has initiated its largest reverse circulation drilling campaign at the Lady Ida Iguana Deposit, aiming to enhance geological confidence and update mineral resources by mid-2026.

Power Minerals Limited has raised A$2.6 million through a share placement to fund critical due diligence and fieldwork at its Santa Anna Niobium and Rare Earth Elements project in Brazil.

Strata Minerals Limited is set to recommence diamond drilling at its Penny South Gold Project in Western Australia, aiming to build on promising initial results. The program, co-funded by the WA government, marks a critical step in advancing exploration with new structural insights expected.