Latest Cobar Basin News

Polymetals Resources has identified a promising new zone of massive sulphide mineralisation south of its Endeavor Mine, prompting plans to accelerate exploration efforts.

Peel Mining has significantly increased its Share Purchase Plan to $5 million following overwhelming shareholder interest, reflecting strong confidence in its Cobar Basin assets.

Manuka Resources has raised A$15 million to accelerate production at its Wonawinta Silver Mine and fund exploration drilling at Mt Boppy and Pipeline Ridge in New South Wales.

Aurelia Metals has revealed significant exploration success at its Nymagee Mine in NSW, discovering two new mineral lenses and extending known mineralisation with promising gold and base metal grades.

Regener8 Resources has completed its initial ultrafine soil sampling phase at the North Achilles project in NSW, positioning itself to define promising drill targets adjacent to Australian Gold and Copper’s recent high-grade discovery.

Polymetals Resources has advanced its Endeavor Mine ramp-up, producing over 15,000 tonnes of concentrates and scheduling its first zinc shipment. The company also reduced debt and strengthened its cash position, signaling progress toward steady-state operations.

S2 Resources has commenced a two-month drilling campaign at its Warraweena project in northern NSW, targeting six geophysical anomalies with potential for multiple valuable mineral deposits. A follow-up gravity survey is advancing to refine these targets further.

Mount Hope Mining has identified compelling new drill targets at its Mt Hope Project in NSW, following a detailed electromagnetic survey. The company plans a targeted drilling campaign later this year to test these promising zones.

Peel Mining has raised $18.75 million through a placement and share purchase plan, while appointing Tony Schultz as a new director to drive its copper and polymetallic asset strategy in the Cobar Basin.

Manuka Resources has gained approval for a secondary listing on the New Zealand Stock Exchange, enhancing trading access for local shareholders and supporting its strategic growth in critical and precious metals projects across New Zealand and Australia.

Manuka Resources has received a binding debt offer to refinance existing obligations and support the restart of its Wonawinta silver and gold processing plant in early 2026, leveraging current high metal prices.

S2 Resources is set to begin diamond drilling within weeks at its Warraweena project in northern New South Wales, following promising historical drill results and an ongoing gravity survey extension. The project targets multiple mineralisation styles, including gold, copper, nickel, and base metals.