Latest Reverse Circulation Drilling News

Rincon Resources Limited advances its Western Australian exploration portfolio with a maiden resource at South Telfer and a strategic option agreement for the Crackerbox Gold project, setting the stage for upcoming drilling campaigns.

West Cobar Metals has completed the acquisition of the Mystique Gold Project in Western Australia and reported a maiden inferred mineral resource at its Bulla Park copper-antimony deposit in New South Wales, while drilling assays from its Fraser Range copper-gold targets are pending.

Ausmon Resources reports promising assay results from recent drilling programs targeting rare earth elements in South Australia and base metals near Broken Hill, NSW, setting the stage for expanded exploration.

American West Metals reports promising drilling results at its Storm Copper Project and advances critical minerals exploration in Utah, backed by strategic funding and offtake agreements.

Power Minerals Limited has completed a significant drilling program at its Santa Anna Project in Brazil, confirming robust niobium and rare earth element mineralisation. The company also progressed its Rincon Lithium JV in Argentina and secured nearly A$3.9 million in new funding to support exploration and development.

Athena Resources has completed a successful drilling campaign at its Byro South magnetite project, resolving key tenement disputes and strengthening its alliance with Fenix Resources. The company is advancing metallurgical test work to enhance ore quality.

Magmatic Resources has secured the Weebo Gold Project in Western Australia and reported encouraging copper-gold drill results at its Myall Project, maintaining a robust cash position of $4.7 million.

Marquee Resources has progressed its Mt Clement antimony-gold project with Phase 1 drilling completed and assay results pending, alongside a $596,000 capital raise and a key executive appointment.

Caprice Resources has reported multiple high-grade gold intercepts from its Phase 3 drilling at the Island Gold Project, alongside securing $7 million in funding and appointing a new Non-Executive Chair to accelerate exploration.

Tasman Resources progresses exploration at Lake Torrens and Parkinson Dam projects while managing capital through a recent entitlement offer and loan repayments.

Savannah Goldfields is advancing plans to resume gold production at its Georgetown processing plant and Big Reef mine, capitalizing on gold prices above A$5000 per ounce. The company also unveiled new exploration targets and key executive appointments to drive growth.

Emmerson Resources’ latest scoping study confirms the White Devil gold deposit as a major mine with a robust resource base and strong financial metrics, setting the stage for feasibility studies and production growth.