Latest Copper Mining News

Austral Resources has acquired the Lady Loretta mine from Glencore for A$45.5 million, significantly expanding its copper resource base and strengthening its cash position. This strategic move consolidates tenure adjacent to the Lady Annie Copper Mine and supports Austral’s ambition to become a mid-tier copper producer in North-West Queensland.

Caravel Minerals has reached 90% completion of its Definitive Engineering Study for the Caravel Copper Project, secured a critical grid connection offer, and signed a strategic MoU with Adani’s Kutch Copper for offtake and potential investment.

Bougainville Copper Limited has selected China’s CMOC Group as its preferred partner to redevelop the Panguna Mine, but the Autonomous Bougainville Government’s president favors a rival Indian firm, casting uncertainty over the project’s future.

Revolver Resources has significantly upgraded the Dianne Copper Mine Project’s resource base and outlined robust economics for a mining restart, targeting first copper cathode production by late 2026.

Alma Metals has unveiled its most extensive and highest-grade copper intersections yet at the Briggs Copper Project, reinforcing confidence in resource expansion and advancing its prefeasibility study plans.

Cyprium Metals is advancing its brownfield restart of the Nifty Copper Complex in Western Australia, targeting mid-2026 copper cathode production with a low-capital, high-cash-flow approach. The company has secured $41 million through an institutional placement and entitlement offer to fund exploration and expansion.

Cyprium Metals has raised A$41 million through an oversubscribed equity placement and entitlement offer to accelerate exploration and production growth at its flagship Nifty Copper Complex and regional projects.

Hillgrove Resources met its 2025 copper production and cost guidance, boosted ore reserves by 43%, and outlined ambitious growth plans for 2026 including expanded mining at Nugent and Emily Star.

American West Metals has announced a significant upgrade to its Storm Copper Project resource, boosting contained copper by 20% and silver by 36%, with a Pre-feasibility Study due in Q1 2026.

29Metals Limited has announced a fully underwritten $150 million entitlement offer to bolster liquidity, address operational disruptions at Golden Grove, and accelerate development projects including the Gossan Valley and Capricorn Copper restart.

Cyprium Metals has secured $80 million in funding and advanced key infrastructure works to restart copper production at its Nifty Copper Complex, targeting first cathode output by mid-2026.

Austral Resources Australia Ltd has agreed to acquire the Lady Loretta mine from Glencore for A$45.5 million, consolidating its copper assets near the Lady Annie Copper Mine and boosting its processing feedstock. This strategic move strengthens Austral’s balance sheet and advances its vision to become a mid-tier copper producer in Queensland.