Latest Cobar Basin News

Manuka Resources has moved its Wonawinta and Mt Boppy restart from planning towards production, but its FY26 annual report carries a qualified audit opinion and warns of material uncertainty over its ability to continue as a going concern. The company recorded no sales revenue, a $28.1 million loss and $26.1 million of operating cash outflows.

Manuka Resources has reported several high-grade, shallow gold intersections from its Pipeline Ridge drilling campaign, led by 32 metres at 7.98 grams per tonne. The results support a maiden resource estimate, but metallurgy, true widths and resource classification remain unresolved.

Manuka Resources has secured A$14.5 million through a placement to fund finishing its silver de-slime circuit and accelerate production at Wonawinta, targeting first gold sales by September and silver revenues from January 2027.

Mount Hope Mining has advanced its Mt Solitary gold project with strong drilling results and metallurgical testwork, aiming for a maiden JORC Mineral Resource Estimate by the end of 2026.

Aeris Resources delivered a standout FY26 with revenues up 22% and profit after tax surging 295%, buoyed by operational gains and a strategic acquisition of Peel Mining.

Aurelia Metals has appointed Steve Badenhorst as its new Managing Director and CEO, effective 6 October 2026, aiming to leverage his 35 years of global mining experience to drive operational performance and strategic growth.

Manuka Resources has recommenced gold processing at its Wonawinta facility using stockpiled Mt Boppy ore following a five-month upgrade program. Silver production is set to begin in the final quarter of 2026 after further plant enhancements.

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.