Latest Diamond Drilling News

Chilwa Minerals has confirmed elevated rare earth and heavy mineral sands resources in Malawi, progressing exploration and metallurgical studies alongside a $4.1 million capital raise and strategic logistics talks.

Norfolk Metals has kicked off its maiden drilling campaign at the Carmen Copper Project in Chile, backed by a A$3.5 million capital raise and the strategic appointment of mining veteran David Fowler to its board.

Warriedar Resources reports robust drilling results confirming extensions of high-grade gold and antimony mineralisation at key Western Australian projects, alongside an increased acquisition offer from Capricorn Metals.

Geopacific Resources advances its Woodlark Gold Project with promising drilling results at Kamwak and a crucial mining lease extension, while strengthening strategic partnerships and progressing its feasibility study.

African Gold Limited reports robust September quarter results, confirming high-grade gold mineralisation at Blaffo Guetto and advancing exploration at Konahiri North, backed by a $16 million cash boost from a profitable Montage share sale.

Krakatoa Resources has launched a major drilling campaign at its Zopkhito Antimony-Gold Project in Georgia, backed by a $3.1 million capital raise, while also expanding its rare earths landholding in Western Australia.

Hammer Metals reports promising gold mineralisation at its Yandal Gold Project and defines fresh copper-gold targets at Mount Isa, with multiple funded drilling programs underway.

Red Hill Minerals has achieved full production capacity at its Onslow Iron Project, generating $7 million in quarterly royalty revenue, while advancing multiple exploration fronts and declaring a fully franked dividend.

Noronex Limited has advanced its copper and uranium exploration with significant drilling results in Namibia and a strategic expansion into Botswana, backed by South32 funding and a recent capital raise.

FMR Resources has commenced a 4,000m diamond drilling program at its newly acquired Chilean copper-gold-molybdenite project, supported by a $3.4 million capital raise and strategic board appointment.

Breakthrough Minerals has entered a conditional agreement to acquire a substantial North Queensland Copper-Gold Project near Mt Isa, boasting an 18.8 million tonne resource and backed by an $8.15 million capital raise. The acquisition positions the company for aggressive exploration and development in a prolific copper district.

Cosmo Metals has kicked off its first drilling program in nearly 30 years at the Spring Creek prospect in NSW, backed by a $2 million capital raise and government funding to advance exploration across its NSW and WA projects.