Latest Geology News

PC Gold has entered a $1 million Drill for Equity agreement with DDH1 to advance diamond drilling at its Spring Hill Gold Project, aiming to upgrade resources and push towards production milestones.

Neometals reports promising initial metallurgical test results from its Ironclad Gold Deposit, highlighting up to 98% gold recovery using standard processing methods. Ongoing drilling and further studies aim to refine resource estimates and advance project development.

Magnetic Resources NL has discovered a fourth high-grade core zone at its Lady Julie North 4 deposit, signaling significant underground potential and resource expansion within the Laverton Project. Ongoing drilling and a recent $35 million capital raise underpin an aggressive push to grow the gold resource beyond 1.94 million ounces.

Tempest Minerals reports encouraging early gold assay results from its inaugural drilling at the Range Gold Project, extending mineralisation from surface near a major planned mill expansion.

Elixir Energy has independently certified an additional 189 BCFe of 2C contingent gas resources in Queensland’s Taroom Trough, lifting its total certified resources to approximately 2.8 TCFe. This milestone underscores the company’s expanding footprint in a key Australian gas basin with promising commercial potential.

Everest Metals has initiated a 2,500m drilling campaign at its Mt Dimer Taipan Gold Project to upgrade and extend its mineral resource ahead of mining operations scheduled for late 2025.

Cannindah Resources has reported a significant high-grade copper-gold intersection from its first step-out drillhole at the Mt Cannindah project, confirming structural controls and expanding the known mineralised zone.

Geopacific Resources has reported compelling new gold assay results from its Woodlark Gold Project, confirming multiple high-grade zones and a promising new discovery at Kamwak. The ongoing drilling campaign signals significant resource growth potential in Papua New Guinea.

Eagle Mountain Mining has received a non-binding indicative offer from Japan’s Nittetsu Mining to form a joint venture, injecting up to US$20 million to advance the Oracle Ridge copper project towards production by 2030.

Eagle Mountain Mining has secured a 12-month exclusive option to acquire the Oracle Ridge copper mine’s surface and mineral rights, positioning the company to potentially restart production on a resource containing 380,000 tons of copper.

Alice Queen Limited is updating its Horn Island Gold Project scoping study following a dramatic gold price increase, while engaging GBA Capital to explore financing options.

Melbana Energy’s latest drilling at Amistad-2 in Cuba reveals excellent reservoir quality but disappointingly no oil production, prompting a strategic pivot in exploration plans.