Latest Well Development News

Axel REE has selected its Woolrich deposit for inaugural in situ recovery (ISR) field trials, backed by metallurgical breakthroughs doubling gallium extraction and confirming scandium co-recovery, positioning Caladão as a rare dual-pathway rare earth project.

Adelong Gold’s latest drilling at Lauriston validates historic gold grades at Comet and reveals an emerging antimony system at Trojan, signalling potential for a significant gold-antimony corridor in Victoria.

Argent Minerals has reported a landmark 133.1m intercept averaging 72.4 g/t silver equivalent from near surface at its Kempfield Project, including a stunning visible gold assay that deepens the resource by 80 metres and underscores its polymetallic potential.

Brookside Energy has locked in Kenai Drilling’s Rig 18 for a two-well program at its SWISH Area of Interest in Oklahoma’s Anadarko Basin, aiming to maintain momentum in its core US operations.

Southern Hemisphere Mining and partner FMR Resources have reported broad gold-copper-molybdenum mineralisation at the Southern Porphyry target in Chile, confirming a large porphyry system. Despite fertile intrusive phases intersected, the mineralised core remains elusive, setting the stage for targeted Phase II drilling.

Axel REE has selected its Woolrich ISR Deposit in Brazil for its first in situ recovery (ISR) rare earth elements field trial, aiming to validate low-cost extraction and downstream processing of mixed rare earth carbonate products.

FMR Resources has reported assay results from three diamond drillholes at the Southern Porphyry target within its Chilean Llahuin Project, confirming a large, vertically extensive porphyry-related hydrothermal system. While the causative porphyry core remains untested, elevated gold and molybdenum values suggest proximity, prompting plans for a focused Phase II drill program.

Brookside Energy has commenced site preparation for a two-well development pad in the SWISH Area of Interest, with drilling set to begin in May 2026 targeting key formations in the Anadarko Basin.

Magnum Mining and Exploration Limited has reported outstanding high-grade gold and copper assay results from its 2026 surface geochemical program at the Parker Project in Arizona, confirming extensive mineralised corridors and setting the stage for imminent drilling.

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.