Latest Exploration Drilling News

Sierra Nevada Gold has successfully raised A$9.65 million through a share placement to accelerate exploration in Nevada and Saudi Arabia, while appointing former De Grey Mining chairman Simon Lill as its new Non-Executive Chairman.

Odyssey Gold has reported promising drilling results from 11 new holes at its Tuckanarra Gold Project, revealing a previously unidentified mineralised hanging wall vein structure and confirming continuity across key zones. These findings suggest significant potential to expand the existing resource and optimize shallow mining operations.

Savannah Goldfields has secured crucial environmental approvals to restart gold production at its Georgetown Gold Project, with mining at Big Reef set to begin in October 2025. The company also received approval for a tailings storage facility expansion to support future processing.

Gateway Mining has raised $22.5 million in a heavily supported placement to fund aggressive exploration at its Yandal Gold Project and initial work at Glenburgh South. The capital boost strengthens its balance sheet and underpins extensive drilling campaigns starting October 2025.

G50 Corp Limited reports promising exploration results at its White Caps project in Nevada, revealing significant gold and antimony mineralization with ongoing drilling campaigns underway.

West Coast Silver has awarded a Phase 2 drilling contract at its Elizabeth Hill Silver Project following impressive high-grade silver intercepts from its inaugural diamond drilling program. The upcoming drilling campaign aims to expand near-surface mineralisation and explore depth extensions along the prolific Munni Munni Fault.

WIN Metals has completed the acquisition of the Radio Gold Mine, a high-grade asset in Western Australia, and is rapidly advancing exploration and development to unlock near-term production and long-term value.

Metal Bank Limited (ASX – MBK) has announced a partially underwritten entitlement offer aiming to raise $2.32 million to fast-track its Western Australia gold projects and explore graphite potential in Queensland. The offer, priced at $0.014 per share, is supported by Equator Capital Management Ltd and targets existing shareholders.

Carnaby Resources has reported a game-changing drill result at its Trek 1 prospect, intersecting 7m at 9.3% copper equivalent, significantly extending known mineralisation beyond the current resource estimate.

Lithium Energy Limited has completed a detailed Magnetotelluric survey at its White Plains project in Utah, revealing two promising aquifers that could host lithium brine mineralisation. This advancement sets the stage for targeted drilling and resource definition.

Lightning Minerals has initiated a 1,300m diamond drilling campaign at its newly acquired Mt Turner project in Queensland, targeting high-grade gold and silver mineralisation along the Drummer Fault.

Altitude Minerals has successfully raised $2.5 million to advance exploration at its promising silver and gold projects in Nevada and copper-gold targets in New South Wales, aiming to sustain momentum through 2026.