News

27 October 2025 | Leonora–Laverton, WA – Arika Resources (ASX: ARI) has commenced an approximately 5,000m RC drilling program at the Pennyweight Point prospect within the Yundamindra Gold Project (ARI 80%; NME 20%). The campaign is designed to extend known mineralisation and test newly defined ‘blind’ bedrock targets highlighted by recent geophysical work.

• Extending high-grade zones: Initial holes will follow up standout results including 35.76m @ 2.14g/t Au from 104.27m (incl. 13.46m @ 5.28g/t), 23.97m @ 2.54g/t Au from 162.03m (incl. 5.38m @ 10.62g/t), 14m @ 15.48g/t Au from 46m, and 30m @ 3.86g/t Au from 64m.
• New IP targets: Recent Induced Polarisation surveys refined priority anomalies north and south of Pennyweight Point, mapping the tonalite–mafic contact and subtle chargeability responses interpreted as sulphide alteration halos—potential vectors to additional lodes.
• Pathway to a maiden Resource: A third phase of close-spaced definition drilling is planned to support a maiden Mineral Resource estimate.

Pennyweight Point hosts a wide, high-grade orogenic lode system within tonalite (granite) along a sheared contact with mafic volcanics (basalt). Mineralisation strikes NE, dips moderately SE and plunges south, with drilling to date defining ~350m of strike to ~150m vertical depth—open in all directions.

Managing Director Justin Barton said: “We’re pleased to have the rig back at Pennyweight Point, our highest-rated and most advanced prospect at Yundamindra. The recent geophysical programs have significantly advanced our understanding of the ore-hosting structures and the best places to find extensions of the known high-grade mineralisation. Pennyweight Point, alongside Landed at Last, is shaping as a primary focus for initial resource development, and this ~5,000m program combines near-resource definition with step-out drilling and first-pass tests of compelling new bedrock targets immediately along strike.”

What’s next
• Ongoing RC drilling at Pennyweight Point, with results released as received and interpreted
• Integration of IP, magnetics and gravity to prioritise further step-outs
• Continued target generation across Yundamindra, including Yellow Brick Road and corridor prospects

Perth, 22 October 2025 — Precious metals are attempting to find a floor after Tuesday’s sharp correction. Gold fell more than 5% from Monday’s record highs (near US$4,380/oz), closing around US$4,125/oz, while silver dropped about 8% to roughly US$48.5/oz. Early Wednesday trade has been choppy as prices consolidate in the wake of the move.

Analysts point to profit-taking after an overbought run, a firmer US dollar, and a modest improvement in risk appetite as key drivers of the pullback. Even so, gold remains significantly higher year-to-date in 2025, with silver also markedly stronger on the year.

What this means for WA miners and contractors

• Budgets & plans: Despite volatility, elevated AUD-gold levels continue to underpin exploration and near-mine work programs across WA.

• Hiring mix: We expect short-notice contractors (Exploration Geologists, Field Assistants, Core Yard, Drill & Blast support) to remain in demand as operators keep optionality while markets settle.

• Rates & rosters: Contractor day rates are likely to remain firm; some clients may temporarily prioritise critical path roles and staged mobilisations.

• Vendors & timelines: Expect a brief period of re-pricing and approvals checks rather than wholesale cancellations; strong asset margins at current levels still support activity.

Looking ahead
Markets will watch the US inflation print and the upcoming Fed decision for direction on yields and the USD—both important for bullion. A stable macro backdrop, ongoing central-bank interest and elevated geopolitical risk continue to provide medium-term support for gold.

If you’re planning campaigns or need immediate cover for rigs, mapping, data integrity or sampling, our team can mobilise WA-ready talent quickly across the Goldfields, Pilbara and Yilgarn.

20 October 2025 | Perth, WA – BMG Resources (ASX: BMG) has reported multiple high-grade gold lodes from its first RC drilling at the 100%-owned Bullabulling Gold Project in WA’s Eastern Goldfields, with results at Bullabulling North confirming the same quartz-vein granodiorite host seen at the adjacent 2.3Moz Bullabulling Gold Mine.

Program highlights

• Poolmans: 2m @ 3.8g/t Au from 47m; 2m @ 8.5g/t Au from 78m to EOH (incl. 1m @ 15.8g/t); additional 1–2m high-grade hits across the Main, Hangingwall and Footwall lodes. Mineralisation remains open in all directions.
• Peaches (first drilling by BMG): 2m @ 4.3g/t Au from 75m; 2m @ 3.0g/t Au from 46m (within 14m @ 0.40g/t from 66m), confirming bedrock high grade on a wide-spaced 100m grid.
• Early-stage prospects: Flame and Grizzly returned anomalous gold, supporting further testing.

Recent drilling by Minerals 260 (ASX: MI6) at the neighbouring Bullabulling Mine reported 22m @ 3.25g/t Au and 162m @ 1.1g/t Au, with mineralisation open to the west. BMG interprets this trend as potentially continuing into its Bullabulling West tenure, where prospective greenstones abut MI6 ground.

Non-Executive Chairman John Prineas said the first BMG program “has identified multiple high-grade lodes and expanded the known footprint at Poolmans, while discovering high-grade bedrock gold at Peaches,” adding that Bullabulling West will be prioritised to test for stacked, west-dipping lodes analogous to the mine immediately to the south.

What’s next

• Finalise follow-up drilling for Bullabulling North
• Plan a maiden program at Bullabulling West to test the west-open trend from the MI6 ground
• Prepare Q4 2025 drilling across priority targets

13 October 2025 | Northern Territory – Litchfield Minerals (ASX: LMS) has reported its most significant intersection to date at the Oonagalabi Project, with geological logging and pXRF readings indicating more than 100 metres of copper–zinc sulphide mineralisation in OGRC010 from surface, including multiple broad higher-grade zones.

Highlight intervals (pXRF, preliminary):
• 104m @ 1.37% CuEq from surface (0.92% Cu, 1.59% Zn)
• including 41m @ 1.42% CuEq from surface
• 30m @ 1.02% CuEq from 98m
• 33m @ 1.69% CuEq from 144m, including 21m @ 2.26% CuEq from 144m

The hole targeted the western high-chargeability IP anomaly (+25 mV/V), reinforcing a strong correlation between chargeability and disseminated Cu–Zn sulphides. The folded eastern IP anomaly is interpreted to host similar mineralisation and is slated for drilling later in this Phase 2 program. The company notes that every hole drilled across current and prior programs has intersected copper, highlighting the scale and continuity of the system.

Management comment:
Managing Director Matthew Pustahya said: “Hole 10 is a positive milestone for proving this system hosts grades as well as volume — over 100m of copper sulphide mineralisation with multiple high-grade zones is an outstanding outcome. Every hole to date has hit copper mineralisation, reinforcing the strength and continuity of this system. While drilling has been slower than planned, both rigs are on priority targets and we’re confident the coming weeks will deliver further strong results. We are extremely excited to be drilling VT2, a ~500m-long, highly conductive plate independently reviewed as likely sulphide-sourced, and mapping over VT1 has already returned copper, gold, silver and tellurium directly above a strong conductor.”

Next steps:
• Assays fast-tracked to confirm copper, zinc, gold, silver and associated elements from OGRC010 and other recent holes
• Follow-up drilling across the eastern IP anomaly and along the VT1/VT2 conductor corridor
• Ongoing integration of IP/VTEM, geology and pXRF to refine targets

Note: pXRF values are indicative only. CuEq figures are based on stated metal prices and assumed metallurgical recoveries.

7 October 2025 | Perth, WA – Minerals 260 (ASX: MI6) has reported another strong set of assays from ongoing drilling at the Bullabulling Gold Project (25km west of Coolgardie), further supporting an upgrade to the current 2.3Moz Mineral Resource in December 2025.

Results from 73 holes (16,415m) include standout intercepts at Bacchus such as

• 10m @ 7.0g/t Au from 204m (BBRC0261),
• 7m @ 8.8g/t Au from 135m (BBRC0263),
• 32m @ 1.6g/t Au from 33m (BBDD0032) and
• 3m @ 14.9g/t Au from 25.6m (BBDD0035).

At Phoenix, new extensional hits include

• 4m @ 11.2g/t Au from 282m (incl. 1m @ 38.4g/t from 284m) in BBRC0286,

while infill at Kraken delivered

• 15.3m @ 1.7g/t Au from 31.4m (BBDD0040) and
• 7.4m @ 1.8g/t Au from 244m (BBDD0041).

The program continues to confirm continuous, multi-lode mineralisation along Bullabulling’s 8.5km strike, with shallow higher-grade zones emerging in and beneath existing pit shells—particularly along the Bacchus footwall shear—which could enhance early mine schedule grades. Around 90,000m of drilling will feed the updated MRE due early December 2025, with the remaining ~20,000m to be incorporated into a further update in 2026. Pre-Feasibility Study activities are advancing in parallel, with geotechnical and metallurgical drilling completed and testwork underway. Minerals 260 says the results reinforce the robustness and growth potential of Bullabulling as it progresses both resource conversion (to Indicated for Ore Reserve work) and depth/strike extensions across Bacchus, Phoenix and Kraken.

“Our infill and extensional drilling is consistently delivering strong results… the latest thick and shallow higher-grade intercepts provide further support for a MRE upgrade in December. Our development studies are advancing rapidly… geotechnical and metallurgical drilling for the PFS and the commencement of metallurgical test work represents a significant value-adding and de-risking event for the Project.” — Luke McFadyen, Managing Director.

6 October 2025 | Subiaco, WA – Leeuwin Metals (ASX: LM1) has reported shallow, high-grade gold intercepts from its maiden RC program at the Evanston prospect, part of the Marda Gold Project in Western Australia, marking the first large-scale drilling at Evanston in more than 20 years. Initial assays include 9m @ 5.23g/t Au from 57m (incl. 4m @ 10.68g/t from 60m) in MGRC0041, 8m @ 6.05g/t Au from 12m in MGRC0035, and 11m @ 3.12g/t Au from 85m (incl. 6m @ 4.88g/t) in MGRC0042. A recently completed down-hole EM (DHEM) survey has also identified a new conductor down-dip, pointing to potential repeating structures and further upside.

The company says mineralisation at Evanston is shallow, stratiform and sulphide-associated, hosted within laminated cherts (with interbedded mafic amphibolites and ultramafics) and controlled by open, large-scale folding. The deposit geometry is characterised by a shallow southwest-plunging anticline over ~1.6km of strike, with gently dipping lenses situated close to surface—so reported intercepts are considered close to true widths. Mineralisation remains open along strike and down-dip.

Leeuwin has assays pending for 31 additional RC holes from the program, with drilling scheduled to resume later this quarter. Results from Evanston and other prospects across Marda will feed into a maiden Mineral Resource estimate targeted before year-end. Near-term work includes expanded DHEM, follow-up drilling of down-dip and along-strike extensions, ongoing resource modelling, and prospect reviews to build a pipeline of structurally prospective targets across the broader project area.

6 October 2025 | Coolgardie, WA – Horizon Minerals (ASX: HRZ) has reported a series of standout high-grade gold intercepts from Phase 1 infill diamond drilling at the Burbanks Gold Project, 9km south of Coolgardie, reinforcing resource continuity and supporting near-term development studies.

Highlights (first 15 holes, Phase 1 ~15,000m):
• 1.55m @ 99.65g/t Au from 336.3m (incl. 0.37m @ 350.00g/t) and 3.69m @ 5.13g/t Au from 222.4m in 25HBBD004
• 4.00m @ 12.75g/t Au from 366.1m in 25HBBD002
• 1.00m @ 31.63g/t Au from 106m in 25HBBD005
• 1.00m @ 19.84g/t Au from 285m in 25HBBD013

The program—part of a broader 30,000m two-phase drill campaign—targets the Main Lode, Burbanks North and Birthday Gift areas to convert Inferred to Indicated resources and feed into Ore Reserve and mine planning. Phase 1 (45 holes) has completed 18 holes for 5,223m; a second rig has been mobilised to accelerate completion by December 2025, with all Phase 1 assays expected by the March 2026 quarter and an updated Mineral Resource targeted for the June 2026 quarter.

Burbanks’ strong production pedigree (324koz @ 22.7g/t Au historically) sits alongside a current JORC Mineral Resource of 6.1Mt @ 2.4g/t Au for 466koz. Today’s results confirm extensions beneath historic workings and along strike at Burbanks North.

Managing Director & CEO Grant Haywood said the “spectacular high-grade intersections” underscore the orebody’s quality and the opportunity to deliver improved resource confidence that can provide high-grade feed to Horizon’s 100%-owned Black Swan processing plant.

Next steps: Phase 1 completion and MRE update as above; Phase 2 extensional drilling (~15,000m) scheduled to commence early 2026 to grow the resource base along strike and down dip of known high-grade lodes.

3 October 2025 | West Perth, WA – Gorilla Gold (ASX:GG8) has reported new high-grade extensional assays outside the August 350koz @ 3.6g/t Au Mineral Resource Estimate at its Mulwarrie Gold Project, reinforcing large-scale growth potential ahead of a multi-rig drilling program starting November 2025.

Fresh results include 13.2m @ 8.5g/t Au from 359.0m (MWEX041), drilled 50m down-dip of the current resource and ~100m along strike of prior hits, and 5.0m @ 2.5g/t Au from 187.0m (MWEX004). These build on recent step-outs not included in the August MRE, such as 4.2m @ 54.0g/t Au from 334.3m (MWEX046), 5.3m @ 13.0g/t Au from 210.5m (MWEX080), 7.8m @ 5.0g/t Au from 490.8m (MWEX081) and 1.6m @ 18.6g/t Au from 130.5m (MWEX052).

Mineralisation at Mulwarrie is now defined over 2.5km of strike and to ~500m depth, with multiple stacked lodes open along strike and at depth. A resource update is targeted for Q4 2025, with metallurgy indicating up to 96% gold recovery (including up to 45% by gravity), and favourable geotechnical characteristics observed in historical pits. Mulwarrie sits on granted Mining Leases, close to multiple toll-treatment options — ~10km from the Davyhurst Mill and ~60km from Comet Vale, where four rigs are currently operating toward a significant MRE upgrade in Q4 2025.

The November growth program at Mulwarrie aims to at least double the current resource base while step-outs target down-dip and along-strike extensions highlighted by the latest results.

30 September 2025 | West Perth, WA – Antipa Minerals (ASX:AZY) has reported standout assays from resource definition and discovery drilling at its 100%-owned Minyari Gold-Copper Project in the Paterson, including 12m @ 16.7g/t Au & 0.13% Cu from 143m (incl. 1m @ 176.5g/t Au & 1.0% Cu) and 18m @ 2.7g/t Au & 0.49% Cu from 275m.

Further results confirm broad, continuous mineralised zones across Minyari and WACA, such as 31.8m @ 1.5g/t Au & 0.53% Cu from 109.2m, 30.0m @ 1.1g/t Au from 24.5m, and at WACA 69m @ 0.8g/t Au & 0.11% Cu from 133m plus 30m @ 1.0g/t Au from 232m.

Aircore drilling north of Minyari continues to outline large, shallow gold-copper anomalies along the Reaper–Poblano–Serrano (RPS) trend and AL01, including 82m @ 0.2g/t Au from 8m (with 20m @ 0.5g/t from 66m) and 8m @ 0.4g/t Au from 28m (incl. 4m @ 0.7g/t), with anomalies now extending for ~6km combined strike.

Antipa has completed Phase 1 (307 holes for 35,948m) with most assays received, and is advancing PFS resource definition drilling (17,516m of ~20,000m complete) while rolling into Phase 2 discovery drilling (25,000–35,000m) targeting RPS, AL01 and near-mine corridors such as Chicane. An updated Mineral Resource is scheduled for October 2025 alongside ongoing PFS workstreams.

Managing Director Roger Mason said the results “further highlight Minyari as a high-quality gold-copper system of scale,” adding that the combination of exceptional grades at Minyari, strong hits at WACA/GEO-01, and new anomalies to the north “provide a strong foundation for the upcoming Mineral Resource update and the PFS.”
 

25 September 2025 | Perth, WA – Odyssey Gold (ASX: ODY) has outlined a new mineralised vein ~50m west of the current Cable Mineral Resource at its Tuckanarra Gold Project, with fresh RC results highlighting shallow, high-grade potential inside existing pit shells.

Key results – Cable West hanging-wall (new structure)

• 20m @ 7.1g/t Au from 47m, including 10m @ 12.9g/t from 54m (CBRC0199)
• 7m @ 2.0g/t from 36m (CBRC0202)
• 11m @ 0.7g/t from 34m (CBRC0197)
• Previously in this program: 7m @ 2.2g/t from 15m (CBRC0175)
• The structure is now traced over ~300m (150m in new RC plus ~150m south in historical AC/RAB). Portions sit within current pit optimisations, offering near-term growth options.

Cable infill – supporting the resource upgrade

• 22m @ 2.8g/t from 6m (CBRC0179)
• 9m @ 4.7g/t from 44m, including 2m @ 18.6g/t (CBRC0177)
• 15m @ 2.3g/t from 38m (CBRC0182)
• 11m @ 2.3g/t from 111m (CBRC0193)

Executive Director Matt Syme said the result west of the existing MRE “highlights the potential to find additional shallow resources within the existing optimisations and to grow the footprint of mineralisation west towards the historic Trilby Mine.” Follow-up work will target the 1km-long Trilby–Anchor vein corridor parallel to Cable–Bollard–Highway.

Context & next steps

• Cable MRE: 0.69Mt @ 2.3g/t Au for 123koz; Tuckanarra global MRE: 5.14Mt @ 2.5g/t for 407koz (including 2.25Mt @ 3.9g/t for 283koz >2.0g/t).
• More RC assays are pending. Planning is underway to infill Highway, Bollard, Cable and Maybelle to Indicated, and to systematically test the Anchor–Trilby structures for additional shallow resources.