Latest Exploration Drilling News

Pacgold has secured the White Dam Gold Operation, unlocking a pathway to near-term production and cash flow, while advancing exploration at Alice River and St George projects backed by a $13 million capital raise.

Kingston Resources reported a 10% revenue increase to $15.8 million in Q1 FY26, driven by higher gold and silver output and successful flotation plant commissioning. Underground mining preparations are advancing, setting the stage for a production ramp-up.

Codrus Minerals has completed its inaugural drilling campaign at the Bull Run Gold Project with promising assay results, while advancing uranium exploration in Canada and managing a cautious cash position.

Mineral Resources Limited reported a record quarter with Onslow Iron reaching full capacity and lithium prices surging 31%, while maintaining FY26 guidance and strengthening its Board.

Image Resources NL reported a strong third quarter in 2025 with significant increases in heavy mineral concentrate production and sales at its Atlas project, despite challenging weather and port delays. However, the company has trimmed its shipment guidance for the year due to weaker market conditions and logistical issues.

Deep Yellow Limited has reported promising uranium mineralisation results from its recent drilling campaign at the Tinkas prospect in Namibia, adjacent to its flagship Tumas Project. The findings reveal thick mineralised zones that could enhance the company’s resource base.

Carnarvon Energy has made a significant A$86 million investment in Strike Energy, becoming its largest shareholder and gaining exposure to Western Australia’s growing gas market, while deferring Bedout drilling to early 2027 due to rig shortages.

St Barbara Limited reports steady progress on its Simberi Expansion Project in Papua New Guinea and Atlantic Gold Projects in Canada, despite production challenges and pending regulatory decisions. A recent A$58 million capital raise strengthens its financial position for growth.

GWR Group Limited reported steady progress on its Prospect Ridge Magnesite Project and maintains strong cash reserves, while opting out of a potential acquisition after thorough due diligence.

Tungsten Mining NL reports strong progress on its Mt Mulgine Project, leveraging soaring tungsten prices and a new gold resource estimate to drive development. The company also raises $9.5 million and initiates a US OTCQB listing process.

Forrestania Resources has rapidly expanded its gold portfolio across Western Australia, boosting its resource base from 24koz to over 593koz in just 14 weeks, backed by a strategic $8.61 million capital raise.

Octava Minerals has secured a conditional acquisition of the Federation copper-zinc project in Tasmania and reported promising bioleaching results at its Byro rare earths and lithium project, underpinning plans for further exploration and development.