Latest Gold And Copper Exploration News

Almasar Minerals ended its first post-listing quarter with A$10.24 million in cash and a pipeline of geophysical surveys and auger drilling across its Saudi Arabian licences. The company has yet to report new exploration results, leaving execution and target quality as the next tests for the newly listed explorer.

LinQ Minerals has identified more than 429 metres of visually mineralised core at a new target south of Gidginbung, although laboratory assays are still pending. The ASX-listed explorer also reported broad copper-gold results at Monza, fresh gold hits at Gidginbung and A$14.4 million in cash to fund its next drilling phase.

Unity Metals has identified a broad, open stockwork gold zone at its O’Phlay project in Cambodia, with drilling returning intersections of up to 70.4 metres at 1.1 grams per tonne. The explorer has now started a 3,000-metre follow-up program, backed by a $3.5 million placement and $3.399 million in cash.

Mamba Exploration has secured approvals for a maiden 6,000m RC drilling programme at Meeka East, while historical data supports a 3km copper corridor between Copper Hills and Lady Alma. A post-quarter $6.0 million placement leaves the explorer funded for its next phase, subject to the remaining tranche and exploration execution.

Arika Resources has secured up to $211,213 in Western Australian government co-funding for two 600-metre diamond holes at its Pennyweight Point prospect. The drilling will test depth extensions to known gold mineralisation and a conceptual porphyry-style gold-copper system that remains untested at depth.

Helix Resources says the Supreme Court of British Columbia has declared its Gold Basin earn-in and joint venture agreement unenforceable and ordered the company to pay petition costs. The ruling puts the Arizona project’s future with Helix in question, while the company says its White Hills project is unaffected.

Titan Minerals has reported broad, near-surface gold-silver-copper mineralisation at Kaliman and wider, higher-grade intercepts at Brecha-Comanche within its Dynasty project in Ecuador. The results add momentum to a 20,000-metre drilling program ahead of a planned Q1 2027 resource update and scoping study.

Helix Resources is shifting its exploration focus from Arizona towards Pilbara gold after a year of acquisitions, portfolio reassessment and a narrowed annual loss. The strategy reset comes with only $83,676 in cash, a stated need for further funding and a proposed Mosquito Creek acquisition awaiting shareholder approval.

Altair Minerals finished 2026 with A$33.7 million in cash after major equity raisings, giving it room to pursue a large Greater Oko drilling campaign in Guyana. The balance-sheet improvement came alongside a wider A$4.81 million loss, substantial dilution and an unresolved dispute with BHP over Olympic Domain.

Taruga Minerals has transformed its exploration strategy around two Papua New Guinea projects, but the next phase comes with a clear funding constraint. The ASX-listed explorer ended FY2026 with A$1.84 million in cash, a A$3.77 million loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Koonenberry Gold posted a sharply wider FY2026 loss after impairing its namesake project, while exploration spending rose and Enmore drilling extended a gold system to depth. The company has since raised $3.78 million from a placement, but remains dependent on equity funding.

Rincon Resources posted a $6.96 million FY2026 loss after writing down $5.53 million of exploration assets, while its cash balance rose following a $3.1 million placement. The explorer has narrowed its focus to Telfer South and Crackerbox, but remains dependent on future drilling and funding.