Latest Chile News

Andean Silver has promoted Matthew Allen to Managing Director, cementing his leadership as the company pushes its Cerro Bayo silver-gold project closer to production.

Cobre Limited is progressing a major upgrade of its Sierra Atacama copper project in Chile, aiming to convert a large foreign resource estimate into a JORC-compliant Mineral Resource Estimate while launching a 40,000-metre drilling program targeting near-mine expansion and deeper sulphide mineralisation.

Tesoro Gold has accelerated its Definitive Feasibility Study and development readiness for the 1.82Moz Ternera deposit, forming strategic alliances and advancing financing plans.

Andean Silver has significantly expanded its Cerro Bayo silver-gold project resource, increasing the Indicated Mineral Resource by 230% to 60 million ounces silver equivalent and raising the total resource to 136 million ounces AgEq. This upgrade sets the stage for upcoming feasibility studies and a major drilling campaign.

Asara Resources has adjusted its $60 million institutional placement after Barbet LLC FZ reduced its subscription significantly, with the balance placed to other investors to keep the raise on track. The funds will accelerate drilling and development at the Kada Gold Project in Guinea.

Flagship Minerals has wrapped up its metallurgical drilling and trenching at the 2.1Moz Isidora Gold Project in Chile, progressing to pilot scale heap leach test work and ongoing infill drilling targeting a resource update later this year.

Cobre Limited has secured an option to acquire 100% of 25 mining concessions adjacent to its Sierra Atacama copper project, significantly enlarging its landholding in northern Chile's IOCG belt with a staged, low-cost payment plan.

Flagship Minerals has agreed to sell its RK Lithium Project in Thailand for US$4 million, accelerating its strategic pivot towards gold and copper assets in Chile and Canada.

Austral Gold has confirmed significant silver-gold mineralisation across multiple veins at its Juncal Project in Chile, setting the stage for its first-ever drilling campaign.

Norfolk Metals has released a JORC 2012 Mineral Resource Estimate for its Chilean Ciclón Copper Project, revealing a substantial 11.8 million tonnes at 2.88% copper equivalent, with significant exploration upside and a transaction closing targeted for August 2026.

Red Metal’s large-scale column leach tests confirm high rare earth recoveries from coarsely crushed Sybella ores using weak sulphuric acid, underpinning a low-cost heap leach development pathway.

Lodestar Minerals’ recent 12,344m drilling campaign at Ned’s Creek confirms high-grade gold continuity and reveals new mineralisation zones beyond the December 2025 Exploration Target, setting the stage for a maiden resource in 2026.