Latest Underground Drilling News

Larvotto Resources has reported robust diamond drilling results at its Metz Mining Centre, revealing wide zones of gold, antimony, and tungsten mineralisation that promise to boost the Hillgrove project’s resource base.

Haranga Resources has announced a significant Exploration Target at its South Spring Hill prospect within the Lincoln Gold Project, estimating up to 308,000 ounces of gold. The project benefits from existing infrastructure and is advancing towards a JORC-compliant resource update.

Hillgrove Resources has reported significant new copper-gold mineralisation at its Kanmantoo Copper Mine, with drilling confirming extensions at Nugent and Nugent East. Development progress and positive cash flow underpin ambitious production targets.

Pantoro Gold has reported exceptional underground drilling results from the Butterfly area within its Norseman Gold Project, revealing high-grade gold mineralisation close to existing infrastructure and promising further resource expansion.

Pantoro Gold is set to commence development of its third underground mine at the Norseman Gold Project early in FY27, targeting high-grade ore and production growth. The move follows strong drilling results and resource confidence, underpinning the company’s ambitious expansion strategy.

Vault Minerals reports a series of high-grade drilling results across its key gold projects, signalling potential life-of-mine extensions and new mining fronts. The findings highlight resource growth opportunities at Leonora, Darlot, Deflector, and Sugar Zone.

Alkane Resources has identified a significant gold-bearing seismic reflector beneath its Roswell deposit at Tomingley, alongside multiple high-grade zones in the Western Monzodiorite domain, signalling promising resource expansion prospects.

Mitchell Services Limited reported a solid half-year performance with revenue up 3% to $102.4 million and EBITDA soaring 69% to $21.4 million, returning to profit after a prior loss. The company declared a fully franked 4 cent dividend, reflecting strong cash flow and disciplined capital management.

Kingston Resources reports robust high-grade polymetallic assay results from underground drilling at Mineral Hill, reinforcing resource confidence and de-risking near-term mining plans.

PC Gold Limited has raised approximately A$24 million through a placement led by institutional investors, including a A$5 million cornerstone from Macquarie Bank, to accelerate exploration and development at its Spring Hill Gold Project.

Larvotto Resources continues to deliver robust drilling results at its Freehold prospect, revealing significant gold, antimony, and tungsten mineralisation that bolsters the Hillgrove Project’s growth outlook.

Krakatoa Resources has raised $1.25 million through a well-supported placement to fund the next phase of exploration at its high-grade Zopkhito Antimony-Gold Project, following promising drilling results that validate historic data.