Latest Reverse Circulation Drilling News

Hammer Metals has agreed to be acquired by Larvotto Resources in a $61.2 million scheme that includes a demerger of its WA gold assets, while facing a higher non-binding $80.7 million proposal from Austral Resources. The board backs Larvotto’s offer pending independent expert approval, as drilling at Kalman advances resource confidence.

Lodestar Minerals’ latest assays from a 12,000m drilling campaign at Ned’s Creek confirm robust high-grade gold mineralisation, supporting its 250,000-300,000 ounce Exploration Target and setting the stage for a maiden Mineral Resource Estimate later this year.

Talisman Mining’s latest drilling at Sheepyard reveals broad shallow gold zones over 800m, signalling a large-scale system. New CEO Todd Ross takes the helm amid active exploration and $3.09 million cash.

Golden Dragon Mining has raised A$2.2 million through a strategic placement to Chengtun Gold, a subsidiary of Shanghai-listed Chengtun Mining Group, at a near 18% premium. The deal grants Chengtun a board seat and aims to accelerate exploration at the Cue Gold Project.

Pacific Resources (ASX: PXR) has secured 100% ownership of the Snowstorm Gold Project, a high-grade asset in Victoria’s Eastern Goldfields, while progressing due diligence on a strategic Victorian portfolio and reporting encouraging assay results from its Tasmanian projects.

Stelar Metals has secured environmental approval for its inaugural ~3,000m Reverse Circulation drilling campaign at the Hill of Leaders Tungsten Project, set to begin in August 2026. This marks the first deep drilling beneath a high-grade tungsten system with significant strike and width in the Northern Territory.

Austin Metals has wrapped up a 4,216-metre RC drilling campaign at its Austin Gold Project, testing newly defined BIF-hosted gold targets at Brunswick Hill and Mt Sandy, with assay results still pending.

Xpedra Resources has confirmed broad, high-grade gold zones extending at depth and along strike at its Springfield Gold Deposit in NSW, following its maiden 27-hole drilling program.

PC Gold significantly boosted its Spring Hill gold resource by 84% to 1.51 million ounces, unveiling new mineralised zones and advancing its Pre-Feasibility Study, while securing strategic acquisitions to support development.

Morella Corporation has kicked off its maiden rubidium Mineral Resource Estimate at Mt Edon following a comprehensive drilling program and final assay results, while strengthening its balance sheet through a A$2.1 million capital raising.

Corazon Mining has transformed its Western Australian gold portfolio by securing the Chalice Gold Project for A$25.7 million, backed by a $16.5 million capital raise and Westgold's strategic 19.9% stake. Early drilling success at Two Pools and new targets at Feather Cap set the stage for an active exploration push.

Catalina Resources is set to begin a 2,400m reverse circulation drilling campaign at its Breakaway Dam Copper Project, aiming to test high-priority electromagnetic targets and extend known copper mineralisation over an expanded strike length.