Latest Cobar Basin News

Kingston Resources secures $12.9 million through placement and entitlement offer to fund a 25,000m drilling program and plant expansion at its Mineral Hill polymetallic mine, bolstering cash reserves to $32.3 million ahead of a planned operational restart.

Kingston Resources is embarking on a 25,000m drilling campaign at its Mineral Hill polymetallic mine, aiming to extend mine life and boost production with a plant expansion from 350ktpa to 700ktpa.

Australian Gold and Copper Ltd’s maiden drilling at Evergreen reveals significant copper and gold mineralisation, underpinning plans for a Mineral Resource Estimate.

Kingston Resources stops mining at Pearse South after a second geotechnical failure, pivoting to a major underground drilling program and launching a $11.6 million capital raise to underpin a long-term expansion at Mineral Hill.

Mount Hope Mining (ASX:MHM) has completed two drilling phases at its Mt Solitary gold project in NSW’s Cobar Basin, delivering significant high-grade gold intercepts and preparing to launch an expanded Phase 3 drilling campaign targeting resource growth.

Legacy Minerals has locked in a farm-in deal with Aurelia Metals for its Cobar Project, allowing Aurelia to earn up to 90% by funding exploration. This partnership leverages Aurelia's established Cobar Basin operations while Legacy focuses on its flagship Mt Carrington project.

West Cobar Metals reports promising metallurgical results from its Salazar project, highlighting a potential low-cost scandium production route via atmospheric leaching and bioleaching. The findings reinforce Salazar’s strategic value amid rising global scandium demand and ongoing U.S. critical minerals engagement.

West Cobar Metals (ASX: WC1) has secured a district-scale copper position in the Cobar Basin by adding EL9915, home to the Blind Freddie prospect featuring a >2.5km copper-gold anomaly. The company plans extensive drilling in 2026 to test multiple concealed copper targets including Lilyvale and Bulla Park.

Kincora Copper has received a US$1.5 million non-refundable option payment from Tumen Ail Coal, marking a significant step toward divesting its Mongolian subsidiaries. The staged US$10 million deal supports Kincora’s shift to focus on Australian projects and its project generator model.

Australian Gold and Copper Ltd (ASX:AGC) has intersected a 6.5m semi-massive chalcopyrite zone at its Evergreen project, marking its broadest copper interval to date in the South Cobar Basin. The company aims to deliver an initial resource estimate for Evergreen by July while continuing to extend its 38.5Moz silver-equivalent Achilles deposit.

West Cobar Metals (ASX: WC1) has bolstered its Cobar Basin footprint with the granting of EL9912, unveiling a gravity anomaly at Lilyvale that outstrips its Bulla Park deposit and signals potential for a new concealed copper district.

Kincora Copper has accelerated exploration across its Australian and Mongolian assets, leveraging new AI and quantum technology partnerships alongside partner-funded drilling, while reporting a modest net income and a strong cash position in Q1 2026.