Latest Drilling Results News

Kincora Copper has closed a fully subscribed $4 million private placement, positioning itself to advance drilling at its Condobolin project and expand its exploration portfolio.

Lakes Blue Energy reports encouraging early natural gas shows at its Wombat-5 well in Victoria’s Gippsland Basin, advancing drilling towards a significant horizontal production zone.

Marquee Resources has confirmed consistently high-grade antimony mineralisation at its Mt Clement (Eastern Hills) Project, setting the stage for a maiden JORC resource estimate expected within two weeks.

Rubix Resources (ASX, RB6) has resumed trading after lifting its suspension, following key announcements on its drilling program, capital raising, and a proposed acquisition.

Rubix Resources Limited has responded to ASX inquiries about unusual trading activity by disclosing initial drilling observations at its Paperbark Project and preliminary discussions on a potential acquisition, while cancelling a planned capital raising.

Cavalier Resources has raised $2.14 million through a discounted placement to fast-track drilling at its Crawford Gold Project, while continuing negotiations for a $11 million pre-payment deal.

North Stawell Minerals is set to begin diamond drilling in late September to follow up a standout high-grade gold intercept at its Darlington Prospect in Victoria. The program aims to explore extensions of a quartz-sulphide vein with visible gold, potentially unlocking a significant new gold system.

Hot Chili Limited has successfully raised A$14.1 million through a fully subscribed entitlement offer, reinforcing confidence in its Costa Fuego copper-gold project and funding critical next-phase development activities.

Arika Resources reveals exceptional bonanza-grade gold intercepts at its F1 Prospect and confirms significant strike extensions at Great Bonaparte East, underscoring the growing potential of the Yundamindra Gold Project in Western Australia.

Conico Limited has had its ASX trading suspension lifted immediately following an announcement detailing its capital raising and exploration plans, signaling renewed investor interest.

Verity Resources has successfully raised $3 million through a two-tranche placement to accelerate drilling and resource upgrades at its Monument Gold Project amid strong gold market conditions.

Kinetiko Energy has secured a crucial two-year renewal of its South African exploration rights, advancing its pilot production and development plans amid promising drilling results.