Latest Surface Sampling News

Evergold Minerals has completed a busy exploration quarter at Mt Monger, where drilling confirmed broad and high-grade gold mineralisation and identified the new Vanguard zone. The progress comes with a lower cash balance of $2.765 million and an estimated 2.28 quarters of funding at the latest spending rate.

Centaurus Metals has identified more than 20 drill-ready copper-gold targets across its expanded 75km² Boi Novo Project in Brazil. The pipeline includes eight priority prospects at Rio Novo and 13 additional targets at the original Boi Novo tenure, but the results remain an exploration story rather than a new discovery or resource estimate.

Strike Resources swung to an $8.58 million FY2026 profit, largely through its stake in LE Minerals rather than iron ore operations. The company is also relying on a conditional Apurimac sale for cash while withdrawing its previously reported mineral resource estimate.

Adavale Resources has secured A$4.65 million in placement funding to expand its Parkes gold resources, advance exploration and complete a Scoping Study expected in November. The raising comes as the company reports a 383koz gold inventory assembled over the past 20 months.

FMR Resources has completed planning for at least 2,000 metres of drilling at La Lorena and identified five new intrusive targets in an eastern structural corridor. The Chile-focused explorer also exercised its Los Warbos option after quarter end, but reported cash of A$3.786 million and an estimated 2.51 quarters of funding at the September quarter’s spending rate.

Sabre Resources has completed its maiden 4,362-metre drilling program at Kurundi North, where surface sampling identified copper, bismuth, silver, zinc and lead associated with ironstone. The key test now moves to the laboratory, with 1,048 drill samples awaiting results expected in four to five weeks.

Kali Metals has expanded its Marble Bar gold pipeline after reporting shallow high-grade drilling and nine additional targets identified after quarter end. The explorer also ended September with $5.242 million in cash and a binding agreement for up to $700,000 of JX Advanced Metals-funded exploration in the Southern Lachlan Fold Belt.

OD6 Metals has extended the high-grade fluorspar footprint at its Quinn project in Nevada, with rock-chip assays reaching 95.6% CaF₂ along a 350-metre trend from Blue Bell to Shannon Queen. The result elevates the corridor to a priority exploration target, although drilling is still needed to establish continuity, depth and scale.

Rapid Critical Metals has reported its highest silver grade to date at the Webbs project, alongside extensions beyond the existing resource outline and a decision to add a fourth drill rig. The results strengthen the exploration story, but the intercepts remain down-hole results requiring further drilling and modelling.

White Cliff Minerals shareholders have approved an A$8.77 million placement to Hancock Prospecting, giving the private company an expected 13.5% stake and funding a faster exploration campaign at Rae. The capital is aimed at advancing Danvers 1 towards a maiden resource while testing a much larger copper system across Nunavut.

Macro Metals has completed its A$1 million acquisition of the Yandi South Iron Ore Project, receiving previously undisclosed geological data that identifies nine additional prospects. Surface samples returned iron grades as high as 66.2%, but drilling is still needed to establish continuity, thickness and depth.

AuKing Mining is proposing to acquire up to a 75% interest in the Qeqertaasaq niobium and rare earths project in West Greenland without an upfront payment. The project carries striking historical grades, but the data is not JORC 2012 compliant and still needs independent verification.