Latest Chile News

Flagship Minerals has received full payment of US$4 million for its RK Lithium Project sale, advancing its strategic pivot towards gold and copper assets in Chile and Canada.

Eagle Mountain Mining and Nittetsu Mining have signed a non-binding MOU to jointly explore new mineral project opportunities in Australia and North America, building on their existing Oracle Ridge joint venture.

Andean Silver has identified the Juanita Prospect at Cerro Bayo, Chile, with surface samples hitting up to 62,663g/t silver equivalent, pointing to a potentially significant silver-gold system outside its existing 136Moz resource.

Cobre Limited has secured A$72.4 million of a planned A$90 million placement, reinforcing its balance sheet and funding key expansions at the Sierra Atacama copper project.

BHP delivered record iron ore volumes and stable copper production of around 2 million tonnes in FY26, underpinned by disciplined cost control and a robust growth pipeline including the Ministers North project.

Lodestar Minerals has expanded its Virgin Mountain project in Arizona by 40%, locking in a 5 km corridor of high-grade heavy rare earth mineralisation highlighted by rock chip assays reaching 14.68% TREO with a 59% heavy rare earth oxide content.

Freehill Mining’s aggregates business posted a record $1.36 million in quarterly sales, up 47% from the prior quarter, driven by plant improvements and a broadening customer base. June alone saw a record $496,000 in sales, underpinning the company’s copper project ambitions.

Admiralty Resources has pushed its Mariposa Iron Ore Project into pre-production, completed initial shipments, and raised $7 million in a rights issue, while reporting a $4 million loss for FY25 amid ongoing operational and financial challenges.

FMR Resources’ ongoing IP survey at La Martuca within the La Lorena Project has revealed two significant sulphide chargeability anomalies, enhancing the case for a large-scale copper-gold system and setting the stage for drilling in late 2026.

Kingsgate Consolidated has met its FY26 gold production guidance, delivering a 15% increase in output at Chatree alongside a 22% rise in silver production. The company ends the year with A$179 million in cash, bullion, and doré, underpinning its financial flexibility amid strategic investments.

Cobre Limited has secured A$90 million through a two-tranche placement to boost production and exploration at its Sierra Atacama copper mine while strengthening its balance sheet.

Freehill Mining has signed a non-binding MOU with Austral Gold to fast-track copper and copper-gold project development in Chile, leveraging Austral’s operational expertise to boost Freehill’s strategic growth.