Latest Chile News

Freehill Mining has secured A$600,000 from a placement and launched a further A$606,943 entitlement offer as September aggregate sales reached a record A$506,121. The funding will support Islón plant upgrades, working capital and permitting for the Blanco y Negro copper-gold project.

Cobre has outlined a three-stage plan to lift Sierra Atacama’s copper cathode capacity from its existing configuration to 18,000 tonnes per annum, then 25,000 tonnes, with a larger 50,000-tonne case under consideration. The targets depend on refurbishment, permitting, further drilling and resource modelling.

Cobre has lifted its interest in the Sierra Atacama copper project to 62.86% after exercising a control option for approximately US$12 million. The move gives its Chilean subsidiary majority board representation as expansion, satellite pits and exploration plans advance.

Hot Chili has reported broad, shallow copper-gold intersections at La Verde, including 188 metres at 0.56% CuEq and 240 metres at 0.43% CuEq. The results strengthen the geological case for a near-surface mining zone, but the discovery still has no Mineral Resource and 25 drillholes await assays.

Cobre has completed its A$90 million capital raise, including an approximately A$17.7 million second tranche backed by its two largest shareholders and directors. The proceeds will support Sierra Atacama ownership, debt repayment, plant upgrades and exploration in Chile and Botswana.

Capstone Copper has agreed to sell its Cozamin mine in Mexico to Luca Mining in a deal featuring US$275 million upfront and as much as US$110 million in deferred and copper-linked payments. The proposed sale would give Capstone fresh balance-sheet capacity while preserving indirect exposure to the asset through Luca shares.

Nutritional Growth Solutions has completed its acquisition of Sprout Organic, installing founder Selasi Berdie as CEO and reshaping the group around infant, toddler and children’s nutrition. The deal lifts shares on issue to 964 million, while management targets A$870,000 in annualised savings.

Flagship Minerals has outlined a conceptual 22 million to 40 million tonne tungsten Exploration Target at its Khao Soon project in southern Thailand. The company is now weighing a sale, spin-out or joint venture for the non-core asset, but the target remains well short of a Mineral Resource.

Freehill Mining’s Chilean aggregates operation reached record quarterly sales as the company moved deeper into copper-gold development. But the stronger operating performance came alongside a larger loss, negative operating cash flow and a material uncertainty over its ability to continue as a going concern.

Cobre Limited (ASX:CBE) says its Sierra Atacama turnaround delivered a first cash-positive quarter, higher recovery and 879 tonnes of copper cathode production. The company remains loss-making at group level, but enters FY27 with more cash, a larger project stake and an ambitious drilling and expansion programme.

Asara Resources has emerged from FY2026 with a substantially larger Kada gold resource, strong cash backing and a more concentrated Guinea strategy. The headline resource update came after year-end and remains a Mineral Resource, not an Ore Reserve or economic mine plan.

Southern Hemisphere Mining has reported its strongest Llahuin drilling results yet, but the copper explorer ended FY26 with just $110,027 in cash and a material going-concern uncertainty. The company is relying on further funding, related-party borrowings, asset sales and a possible Chilean VAT refund to keep exploration moving.