Latest Underground Drilling News

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.

Krakatoa Resources has reported significant high-grade gold and antimony assay results from its Phase 1 drilling at the Zopkhito Project in Georgia, alongside a 12-month extension to its option period. The company plans an expanded exploration program in 2026 aimed at delivering a JORC-compliant resource.

Variscan Mines has achieved a pivotal permitting milestone for its San Jose Mine and reported its highest-grade zinc intercepts to date at the Udías Mine, advancing its Novales-Udías Zinc Project towards production.

Variscan Mines has locked in a A$1 million convertible loan note facility to accelerate exploration and development at its Novales-Udías Zinc Project in northern Spain. This funding underpins the company’s strategy to restart production at the high-grade San Jose Mine.

Ballymore Resources reports significant progress in Queensland with high-grade gold and silver-lead-zinc discoveries, advancing underground development and preparing for new drilling campaigns.