Latest Cobar Basin News

Mount Hope Mining has raised $1.82 million in a strategic placement led by Ronin Metals, a fund managed by ex-Spartan Resources executives, aiming to accelerate exploration at its Mt Hope Project.

Kincora Copper has accelerated exploration activities across its Australian portfolio, including partner-funded drilling with AngloGold Ashanti and sole-funded programs at Condobolin, while divesting its Mongolian assets for US$10 million to sharpen focus and strengthen its balance sheet.

Mount Hope Mining (ASX:MHM) is gearing up for Phase 3 drilling at its Mt Solitary gold project in NSW’s Cobar Basin after delivering high-grade intercepts and exceptional metallurgical results. The company is also expanding its exploration footprint and progressing towards a maiden JORC Mineral Resource estimate.

Legacy Minerals delivers a robust scoping study for Mt Carrington with A$514 million pre-tax NPV, confirms a new gold-silver discovery at Mascotte, and advances multiple drilling programs across NSW projects.

Manuka Resources has accelerated its transition to production at the Wonawinta Processing Plant, boosting its silver ore reserve by 28% and gearing up for gold and silver output starting mid-August 2026.

Mount Hope Mining delivered high-grade gold assay results and robust metallurgical testwork at its Mt Solitary project, advancing toward a maiden JORC resource with Phase 3 drilling imminent.

West Cobar Metals made progress on its Salazar scandium and Cobar West copper projects during the June quarter, while deciding not to proceed with its Baxter Fluorspar acquisition and securing $1.05 million in new funding.

Mount Hope Mining’s initial metallurgical tests at Mt Solitary reveal an exceptionally high gold recovery rate exceeding 98%, confirming the deposit’s amenability to straightforward processing and opening potential low-capital development routes.

Aurelia Metals (ASX: AMI) exceeded its FY26 gold production guidance, delivering 50.4koz of gold and reporting its highest quarterly operating cash flow since 2018. The company also secured a new $150 million financing facility, bolstering liquidity as it advances key growth projects.

Mount Hope Mining has locked in a drill contractor for its Mt Solitary Phase 3 program, aiming to extend gold mineralisation and advance towards a maiden JORC resource by year-end.

Manuka Resources has lifted the Wonawinta Silver Mine's Ore Reserve by 28%, underpinning its imminent restart of silver and gold production with upgraded plant facilities and contracted mining operations.

Aurelia Metals prepares for CEO transition with CFO Martin Cummings stepping in as interim CEO and Leigh Collins appointed interim CFO, ensuring leadership continuity during the search for a permanent CEO.