Latest Cobar News

Polymetals Resources moved its Endeavor silver-zinc-lead mine from restart to commercial production in FY2026, generating A$100.0 million in revenue. The milestone came alongside a A$47.0 million loss, negative operating cash flow and an auditor warning over going-concern uncertainty.

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.

Polymetals Resources has boosted the Endeavor Mine’s Mineral Resource to 20.7 million tonnes, adding 1.3 Mt of high-grade sulphide mineralisation in the Upper Main Lode despite ongoing depletion and a more conservative density model.

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.

Australian Gold and Copper Ltd (ASX: AGC) has delivered a major new high-grade polymetallic discovery at its South Cobar Evergreen prospect, with drill hole 26DDBR017 returning standout assays that extend the known mineralisation by 150 metres. The company is advancing follow-up drilling to define this promising zone.

Australian Gold and Copper Ltd (ASX: AGC) has revealed a significant new gold-silver zone at its Evergreen Prospect, with assays returning 13.6m at 4.6g/t gold and 23g/t silver from 51.4m. Follow-up drilling is underway to expand this shallow oxide mineralisation, which remains open along strike and at depth.

Australian Gold and Copper Ltd (ASX: AGC) has reported extensive polymetallic mineralisation at its Evergreen Prospect, delivering high-grade gold, silver, lead, and zinc intercepts. With 17 diamond holes completed and a reverse circulation rig now targeting shallow oxide zones, the company is progressing towards an initial Mineral Resource Estimate.

West Cobar Metals is broadening its scandium exploration at Salazar by adding the Benriach Prospect to its Q4 2026 air-core drilling program, aiming to tap near-surface scandium enrichment and higher-grade zones within its existing resource.

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.