Latest Chile News

Asara Resources has raised $25 million through a well-supported institutional placement to accelerate exploration at its promising Kada Gold Project in Guinea. The capital injection aims to expand drilling and resource growth over the next 12-18 months.

Great Southern Mining has commenced diamond drilling at its Edinburgh Park Project in northern Queensland, aiming to unlock large-scale gold-copper-silver mineralisation indicated by recent geophysical surveys. Funded by Gold Fields Ltd, this marks a pivotal step in advancing the project’s exploration potential.

Pantera Lithium Limited has agreed to sell its Smackover Lithium Project subsidiary to Energy Exploration Technologies Inc. for A$40 million, significantly strengthening its financial position and strategic exposure to U.S. lithium assets.

Tesoro Gold has reported promising drilling results expanding its Ternera gold resource and secured A$11.1 million in fresh capital, positioning the El Zorro project for accelerated development.

FMR Resources has secured a conditional joint venture for a major copper-gold project in Chile, appointed a new managing director, and raised $2.2 million, while progressing exploration in Canada’s rare earth elements sector.

Southern Hemisphere Mining has secured a $13 million farm-in deal with FMR Resources to drill its highly prospective Curiosity copper-gold target in Chile, while also expanding its footprint with new exploration licenses in Western Australia.

Culpeo Minerals has identified multiple zones of high-grade copper mineralisation across a 1.7km corridor at its La Florida Prospect in Chile, with drilling now underway to test these promising targets.

Andean Silver Limited has raised A$30 million through a well-supported placement, positioning the company to accelerate exploration and advance mining studies at its Cerro Bayo Silver-Gold Project in Chile.

BHP has reported record copper and iron ore production for FY25, while revising upward the capital cost and timeline for its Jansen Stage 1 potash project. The miner’s operational strength contrasts with ongoing challenges in nickel and coal segments.

Freehill Mining is progressing towards restarting operations at its Yerbas Buenas magnetite mine with a targeted six-month timeline, while exploration at the adjoining El Dorado project reveals promising magnetite and copper-gold potential.

Kingsgate Consolidated has completed drilling at the Chatree South-East Complex, delivering significant gold intercepts that underpin an inaugural resource estimate. Exploration success continues at nearby Chang Puek and Singto prospects, reinforcing the region's potential.

Rio Tinto reports a robust 13% year-on-year increase in copper equivalent production for Q2 2025, alongside record bauxite output and progress on key projects like Simandou and Oyu Tolgoi. The company maintains its 2025 guidance, signaling confidence in its diversified growth strategy.