Latest Exploration Drilling News

Fitzroy River Corporation reported steady royalty income for the June quarter and highlighted significant progress on several royalty projects, including government approvals for Buru Energy’s Rafael Gas Project and a major equity raise for Endura Mining’s Snowy River Gold development.

Alkane Resources has reported a record quarterly operational cash flow of A$73 million and gold equivalent production of 30,511 ounces, reflecting the successful integration of Mandalay Resources. The company remains on track to meet its full-year guidance amid ongoing exploration and development progress.

Advance Metals has intersected visible gold at a record depth of 465 metres at its Happy Valley deposit, suggesting a high-grade gold system extending over 500 metres vertically and open in all directions. Assay results are pending, with further drilling fully funded by a recent $13 million capital raise.

Critical Resources Limited has significantly expanded its Mavis Lake Lithium Project in Canada and completed maiden drilling at its Amoco Gold-Antimony Project in Australia, while also acquiring a large gold-antimony portfolio in New Zealand. The company raised $1.8 million to fund exploration and appointed Tim Wither as Managing Director.

Black Cat Syndicate Limited reported a record gold production quarter, boosting its cash, bullion, and investments to $90 million, while unveiling promising new high-grade discoveries and strategic board changes.

Elevate Uranium has shipped its U-pgrade pilot plant to Namibia for commissioning and continues to expand uranium mineralisation at its Namib IV prospect. The company also moves to divest its Oobagooma project, sharpening its strategic focus.

Augustus Minerals has completed heritage surveys and soil sampling at its Music Well gold project, setting the stage for maiden drilling, while its Mt Kare project in Papua New Guinea moves through permitting with plans for aggressive development.

Savannah Goldfields is on the cusp of restarting gold production at its Georgetown plant, backed by promising exploration results and a $15 million capital raise to fund growth and debt repayment.

Killi Resources has expanded its exploration footprint at the Mt Rawdon West Project in Queensland, revealing new mineralisation zones including a significant extension of the Allendale Lode with copper assays up to 3.3%. Advanced LiDAR analysis has also uncovered over 200 historical workings, reshaping the project's target landscape.

Diatreme Resources reported progress on its Northern Silica Project with key regulatory approvals and metallurgical successes, while agreeing to sell its Clermont Copper/Gold Project to Moonlight Resources, retaining a significant stake.

Estrella Resources has kicked off its maiden drilling campaign at the Werumata Limestone Project in Timor-Leste, aiming to define a resource exceeding 500 million tonnes. The program is progressing ahead of schedule and under budget, backed by strong local support.

SQX Resources is set to acquire an 80% stake in AM6 Pty Ltd, gaining control of high-grade gold and silver projects in Montana and Arizona, with drilling programs slated to commence in December 2025.