First Development Resources has commenced Stage II reverse circulation drilling at the Lander West Gold Project in Australia's Northern Territory. The 2,000-metre programme aims to test extensions of gold mineralisation confirmed during Stage I.
MGX Resources Limited's 2026 Annual Report highlights a pivotal year of strategic transition, marked by the divestment of its Koolan Island iron ore operation and the acquisition of a 50% interest in the Central Tanami Gold Project (CTPJV). The company reported a net loss after tax of $30.2 million due to impairments, but maintained a robust balance sheet with $412.1 million in cash and investments. The report also includes updated mineral resource estimates, showing a reduction at Koolan Island and the first inclusion of CTPJV gold resources totaling 31.0 Mt at 2.8 g/t Au for 2.8 Moz.
MGX Resources Limited has released its Mineral Resources Statement as of June 30, 2026, detailing gold mineralization at its 50%-owned Central Tanami Project Joint Venture (CTPJV) and remaining iron ore at its wholly-owned Koolan Island mine. The company's attributable gold resources from CTPJV total 1.4 million ounces, marking its first inclusion in MGX's statement. Conversely, Koolan Island's iron ore resources have significantly decreased to 3.3 million tonnes at 59.3% Fe, with no remaining Ore Reserves, reflecting mining depletion and a major rockfall, leading to its planned divestment.
iTech Minerals has reported expanded gold intercepts at the Sabre prospect, notably a 29m interval at 2.36 g/t Au. The results suggest potential for connecting two main gold shoots and extending mineralisation at depth via upcoming diamond drilling.
iTech Minerals announced final gold assays from reverse circulation drilling at its Sabre Prospect, part of the Reynolds Range Gold-Antimony Project in the Northern Territory. The results expanded the second gold shoot (Shoot 2), with highlights including 29m at 2.36 g/t Au and 10m at 2.17 g/t Au. The company interprets the shoots as higher-grade zones along a single shear zone, which remains open at depth, presenting significant potential for a larger gold system.
PC Gold Ltd announced the discovery of a new high-grade 'Link-style' gold zone, named North Link, north of its Spring Hill Mineral Resource Estimate. The drilling also extended the Eastern Lode and Macau Extended lodes along strike, with Macau Extended now defined over 950m. Significant intercepts include 2m at 10.03 g/t Au, 3m at 7.94 g/t Au, and 8m at 3.64 g/t Au, demonstrating the quality and expansion potential of the system.
First Development Resources is commencing Stage II reverse-circulation drilling at the Lander West Gold Project in the Northern Territory. The programme consists of approximately 12 holes for 1,920 metres, designed to follow up recent gold discoveries at Red Handed.
Mandrake Resources Limited has commenced a 3,000m reverse circulation (RC) drilling program at its 100%-owned Berinka Pine Creek Gold-Copper Project in the Northern Territory. The program targets several never-before-drilled high-priority gold-copper targets associated with the deep-seated Giants Reef Fault. This new exploration phase is underpinned by significant historical gold-copper mineralisation, including 4m at 6.6g/t Au from 32m, which provides strong context for the current campaign.
Truscott Mining is planning a 3,000–4,000 metre diamond drilling program for FY2027 at the Westminster Gold Project to support a JORC 2012 resource update. The company is also progressing stakeholder engagement with Traditional Owners and the Barkly Regional Council in the Tennant Creek Mineral Field.
PC Gold has entered a binding agreement to acquire the remaining third-party mining leases and a water license within its Spring Hill Gold Project in the Northern Territory for A$6.5 million, funded by cash and shares. This acquisition, along with a new 443ha mining lease application, consolidates the project's development footprint, simplifying permitting and de-risking project financing. The company will assume rehabilitation obligations and gain an established operating permit, positioning Spring Hill for accelerated development.
