ASX gold & copperAnnouncements that make sense
ASX gold & copper announcements, decoded & scored.Don't invest blind.
Headlines hype every hit. DrillScore shows what it's really worth, minutes after release: every intercept rated, missing data flagged, cash runway checked, the price move measured against the market. Spot the real discoveries, dodge the costly hype, and put your money behind insight, not headlines. Free.
- Drill hits normalised & rated
- Missing data & red flags caught
- Cash runway & dilution
- Every company tracked over time
- Price moves vs the market
Biannual Exploration Update
- Low
- Modest
- Good
- Really good
- Excellent
- Stellar
- Headline grade carried by one narrow high-grade zone
- Balance of reporting is unclear
- Inconsistent cut-off criteria
- Cash runwayNo 5B yet
- Track recordImproving
- Vs market+1.2%
Right now
The markets that move miners
Just decoded
Latest price-sensitive announcements
KCGM October gold 15.3koz below plan, tracking lower end of 550-650koz; Hemi gets primary approvals
ASX: "Major Growth Projects Update"
Northern Star says the expanded KCGM plant performed variably in October, producing 15.3koz after a 3.5-day maintenance shutdown. KCGM is now tracking toward the lower end of its 550-650koz FY27 range, while group FY27 guidance...
Fatal contractor incident at Duketon South; Rosemont plant still suspended, other Duketon sites restarted
ASX: "Fatal Incident at Duketon South"
A contract team member died after being fatally injured at Duketon South on Friday 6 November 2026. Regis suspended all Duketon operations, then restarted them in stages, and everything except the Rosemont process plant, where...
Regis exploration update: high-grade gold at Havana, Swizzler and Garden Well; no new resources
ASX: "Biannual Exploration Update"
Regis's half-yearly exploration update reports new drilling across the Tropicana JV (Regis 30%), Duketon and NSW. The strongest new results are high-grade intervals at Havana Underground, Havana surface holes and Swizzler, plus...
Score
Sept quarter: 31,218oz at A$2,005/oz AISC, KEP commissioned, A$508m cash, WA approvals pending
ASX: "Quarterly Activities/Appendix 5B Cash Flow Report"
Capricorn produced 31,218oz of gold in the September 2026 quarter at an all-in sustaining cost of A$2,005/oz, up from A$1,648/oz but inside FY27 guidance of A$1,900-2,100/oz. The Karlawinda Expansion Project was finished on...
Score
Sandfire Sep quarter: 38.9kt CuEq, FY27 guidance kept; La Juliana reports thick sulphide intercepts
ASX: "September 2026 Quarterly Report"
Sandfire produced 38.9kt of copper equivalent in the September quarter, 25% of the FY27 guidance mid-point, and kept all FY27 guidance. Net cash fell to US$342M after a US$117M dividend, and the first La Juliana intercepts in...
Score
Perseus Sept qtr: 92,551oz gold, AISC US$2,035/oz, US$900m cash and bullion; FY27 guidance kept
ASX: "PRU September 2026 Quarter Report"
Perseus produced 92,551 oz of gold in the September 2026 quarter, down 15% on the June quarter but, the company says, ahead of its internal plan. AISC rose to US$2,035/oz, FY27 guidance of 420,000-480,000 oz was kept, and cash...
What the headline won't tell you
Four questions behind every announcement
Mining is the riskiest corner of the ASX. These are the four things professionals check before they believe a result - DrillScore checks them for you, every time.
Leaderboard
Best drill hits - last 90 days
| # | Company | Intercept | Metal-metres | Rating | Top share | Released |
|---|---|---|---|---|---|---|
| 1 | RMS Ramelius Resources | 4.9m @ 137.6g/t Au from 85m NNGC26108 | Stellar | - | ||
| 2 | CMM Capricorn Metals | 6m @ 57.4g/t Au from 616m CMRC2555D | Excellent | - | ||
| 3 | CMM Capricorn Metals | 7m @ 40.0g/t Au from 401m CMRC3143D | Excellent | - | ||
| 4 | CMM Capricorn Metals | 3m @ 89.9g/t Au from 120m CMRC2552D | Excellent | - | ||
| 5 | CMM Capricorn Metals | 3m @ 89.9g/t Au from 120m CMRC2552D | Excellent | - |
| # | Company | Intercept | Metal-metres | Rating | Top share | Released |
|---|---|---|---|---|---|---|
| 1 | EVN Evolution Mining | 146m @ 1.02% Cu from 36m E51D020 | Excellent | 91% | ||
| 2 | EVN Evolution Mining | 61.3m @ 1.26% Cu | Excellent | - | ||
| 3 | EVN Evolution Mining | 214m @ 0.340% Cu from 10m E26D731 | Excellent | 43% | ||
| 4 | EVN Evolution Mining | 200m @ 0.360% Cu from 6m E26D727 | Excellent | 9% | ||
| 5 | EVN Evolution Mining | 166m @ 0.370% Cu from 90m E26D729 | Excellent | 12% |
How it works
From the ASX to your screen in minutes
No waiting for the newsletter, no paid promotion, no hype.
The announcement drops
Every ten minutes DrillScore checks for new price-sensitive announcements from the gold and copper companies it follows - and skips the trading halts and paperwork.
Read, then checked
An AI analyst reads the PDF - tables, JORC Table 1, Appendix 5B - with the company's history and today's gold, copper and currency markets in front of it. Every intercept it reads is checked against the PDF's own text before it's scored.
You see what matters
The numbers are normalised, checked and scored by one fixed formula - the same for every company - and the price reaction is tracked for 20 trading days.
Latest red flags
All1m @ 54.2g/t Au from 306.1m contributes 82% of the gram-metres of 14.3m @ 4.6g/t Au from 304m in RRLBMRCD394; the rest of the interval is much lower grade.
RRL: Biannual Exploration Update - 2 Nov 2026The announcement does not give every hole's collar position, dip, azimuth, depth and result (including nil results), which the ASX expects for material exploration results.
CMM: Quarterly Activities/Appendix 5B Cash Flow Report - 29 Oct 2026JORC Table 1 sections 1 and 2 are missing - the ASX requires both with material exploration results.
CMM: Quarterly Activities/Appendix 5B Cash Flow Report - 29 Oct 2026Only best or significant intercepts are listed. No nil or low results, no hole-by-hole list, and no hole count for the reported results, against 133 holes drilled. The Orion South Western Lode has high-grade intersections with no grades given. Interval rules are stated only for Lexington and Orion South.
CMM: Quarterly Activities/Appendix 5B Cash Flow Report - 29 Oct 2026The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.
CMM: Quarterly Activities/Appendix 5B Cash Flow Report - 29 Oct 2026Shortest cash runways
AllCash runways appear here from each company's quarterly Appendix 5B. The followed producers are all cash-flow positive; explorers join in the rollout.
Followed
ASX gold & copper miners
Investors
What the announcements never tell you
Learn
Read an announcement like a geologist
Questions
Asked and answered
What is DrillScore?
DrillScore decodes every price-sensitive ASX announcement from the gold and copper companies it follows, usually within minutes of release. Each one gets a plain-English summary, every drill intercept converted to gram-metres (gold) or %-metres (copper) and rated, disclosure checks against the ASX's own focus areas, the cash runway, dilution, the market it landed in and how the share price reacted - summed up as a DrillScore from 0 to 100.
How is the DrillScore worked out?
Only drill results get a DrillScore - other news (production updates, takeovers, quarterlies that only recap old holes) shows its news signal instead. The score starts from the best intercept on a smooth gram-metre (or copper %-metre) scale, blended with how the next-best holes did, so one lucky hole among many misses scores lower than a program that hits again and again. It then loses points for every serious or cautionary red flag - missing drill tables or JORC Table 1, metal equivalents without recoveries, selective reporting, visual estimates, a short cash runway or heavy dilution. 80+ is Standout, 65-79 Strong, 50-64 Solid, 35-49 Weak and below 35 Red flags. The full method is on the methodology page.
What are gram-metres and what is a good number?
Gram-metres are the down-hole width of an interval multiplied by its gold grade in grams per tonne: 10m at 5g/t is 50 gram-metres. Stockhead's rule of thumb is that over 50 is good, 100-200 really good, 200-500 excellent and anything beyond stellar. Try the gram-metre calculator or read gram-metres explained.
Why does DrillScore flag metal equivalents?
The ASX's position is that metal equivalent grades aren't appropriate without metallurgical recovery information, and that if none is given it will assume 100% recovery - which flatters the grade. DrillScore flags every equivalent reported without a recovery figure.
Why does cash runway matter after a good drill result?
Because the company has to pay for the next round of drilling. A great hit from an explorer with two quarters of cash usually means a placement at a discount is coming, and new shares dilute existing holders. DrillScore reads the quarters of funding straight from each Appendix 5B - see every company's runway.
Is DrillScore financial advice?
No. DrillScore is general information only: an automated reading of the company's own announcement and public market data. It doesn't know your circumstances and never tells anyone to buy, sell or hold. Always read the original announcement and consider professional advice.
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General information only, not financial advice. DrillScore's analyses are produced automatically from each company's own announcement and public market data, can contain errors, and don't take your objectives or circumstances into account. Read the disclaimer.
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