Latest Well Development News

Reward Minerals has executed a binding agreement to acquire the Mountain Pond Gold Project in Newfoundland, featuring high-grade gold and copper assays and no prior drilling. The company plans to commence drill testing in the 2026 field season.

Horizon Minerals reports strong gold production from Phillips Find and a robust cash position, setting the stage for upgrading its Black Swan Processing Hub.

Australis Oil & Gas reported a $24.9 million loss in 2025, driven largely by impairment charges linked to strategic asset transactions. The company secured a major development partner and sold a significant stake in producing wells, enabling full debt repayment and bolstering cash reserves.

Sierra Nevada Gold Inc (ASX – SNX) reports compelling rock chip sampling results at its As Safra Copper-Gold Project in Saudi Arabia, confirming historic high-grade mineralisation and identifying priority drill targets ahead of a planned 5,000m drilling campaign.

Echelon Resources reported a slight dip in production but secured long-term gas sales contracts extending to 2034 and plans four new development wells in the Amadeus Basin. The company also reduced its debt by A$7 million, maintaining financial flexibility for growth.

Far East Gold’s December quarter report highlights significant high-grade gold discoveries at its Idenburg Project and a key regulatory approval that paves the way for accelerated development.

Adelong Gold has updated its Lauriston Project drilling progress, revealing visible gold in drillhole AC2502 and confirming assay results for six Comet prospect holes are expected in Q1 2026. Drilling has also commenced at the nearby Yankee-Trojan prospect, maintaining momentum in this promising Victorian gold-antimony system.

Litchfield Minerals has completed its first field reconnaissance at the Silver Valley Project, revealing well-developed quartz reefs and visible sulphide mineralisation. The company is set to launch a geophysical survey to pinpoint drill targets for 2026.

Mithril Silver and Gold Limited reports significant high-grade gold and silver drill results at Target 1 in Mexico’s Copalquin district, setting the stage for an imminent resource estimate update and an aggressive 2026 exploration campaign.

3D Energi has commenced drilling the Charlemont-1 gas exploration well offshore Victoria, targeting a substantial 93 billion cubic feet of gas with promising geological indicators. This marks a key step in the Otway Exploration Drilling Program aimed at bolstering East Coast gas supplies.

Sentinel Metals has completed a detailed geophysical and structural study at its Columbia Gold Project, revealing promising deep feeder zones and strike extensions. A maiden 5,000m diamond drill program is set to test these new targets, potentially expanding the project's resource base.

Enova Mining’s latest auger drilling results at CODA East and Central in Brazil reveal widespread, near-surface deposits of titanium oxide, rare earth elements, and niobium, underscoring the project’s growing strategic importance.