Latest Cobar Basin News

Manuka Resources has launched an $8 million entitlement offer to fund its Cobar Basin production restart, updated reserves at its Wonawinta silver and Mt Boppy gold mines, and reported strong economics for its New Zealand Taranaki VTM iron sands project advancing through fast-track approvals.

Australian Gold and Copper Ltd has expanded its South Cobar footprint to 1,400 km² through a key tenement acquisition and completed its largest drilling campaign yet, uncovering promising gold-silver trends that could reshape the district’s mineral potential.

Manuka Resources has declared a maiden Probable Ore Reserve of 39,000 ounces of gold at its historic Mt Boppy Open Pit, underpinning a cutback project that adds significant value to its Cobar Basin production plan.

Mount Hope Mining has awarded a drill contract to commence its inaugural drilling program at the Mt Hope Project, targeting gold and polymetallic mineralisation across three key prospects in New South Wales.

Regener8 Resources has secured a key tenement near a major discovery in NSW and completed a drone magnetic survey, setting the stage for promising early-stage exploration activities.

Mount Hope Mining has defined a maiden gold exploration target at Mt Solitary and more than doubled its landholding in the Cobar basin, setting the stage for a maiden drill program in September 2025.

Polymetals Resources Ltd has successfully completed a $15 million equity raise to replace debt and support the production ramp-up at its Endeavor Mine in New South Wales.

Manuka Resources has boosted the net present value of its Cobar Basin silver and gold project to A$153 million, driven by higher commodity prices, while advancing financing talks and exploring a Mt Boppy open pit cut-back to enhance production.

Aurelia Metals has successfully met its FY25 production guidance across all key metals while strengthening its cash position to A$110 million, setting the stage for upcoming growth projects including the Great Cobar development.

Polymetals Resources Ltd has successfully restarted its Endeavor Silver Zinc Mine in NSW, achieving first concentrate production and initial revenues. The company is advancing exploration and strengthening its balance sheet with a recent equity raise.

Manuka Resources has launched a fully underwritten A$8 million entitlement offer to fund the restart of its Wonawinta processing plant and advance its 10-year Cobar Basin Production Plan, targeting silver and gold output by early 2026.

Polymetals Resources has halved its US$20 million debt facility and raised A$15 million in equity to support the Endeavor Mine's transition to steady production.