Latest Cobar News

West Cobar Metals is gearing up for near-term drilling at its Cobar West copper project in NSW and high-grade scandium zones at the Salazar project in WA, aiming to unlock significant resource potential across both.

Aurelia Metals (ASX: AMI) exceeded its FY26 gold production guidance, delivering 50.4koz of gold and reporting its highest quarterly operating cash flow since 2018. The company also secured a new $150 million financing facility, bolstering liquidity as it advances key growth projects.

Mount Hope Mining has locked in a drill contractor for its Mt Solitary Phase 3 program, aiming to extend gold mineralisation and advance towards a maiden JORC resource by year-end.

Australian Gold and Copper Ltd’s deepest hole at Achilles confirms high-grade mineralisation extending well beyond the current resource boundary, supporting underground growth potential.

Manuka Resources has lifted the Wonawinta Silver Mine's Ore Reserve by 28%, underpinning its imminent restart of silver and gold production with upgraded plant facilities and contracted mining operations.

West Cobar Metals (ASX: WC1) has identified promising high-grade scandium drill targets at its Salazar project, alongside metallurgical testwork indicating potential for lower-cost scandium production via atmospheric leaching and bioleaching.

Australian Gold and Copper Ltd’s latest step-out drilling at Achilles confirms mineralisation extending more than 200 metres beneath the current resource, highlighting potential for significant underground resource growth.

Aurelia Metals prepares for CEO transition with CFO Martin Cummings stepping in as interim CEO and Leigh Collins appointed interim CFO, ensuring leadership continuity during the search for a permanent CEO.

Kincora Copper has sealed definitive agreements to divest its Mongolian subsidiaries for US$10 million, marking a strategic pivot to focus on its Australian gold-copper projects.

Aeris Resources has completed its acquisition of Peel Mining through a scheme of arrangement, issuing new shares to Peel shareholders and setting the stage for an expanded Tritton copper operation.

West Cobar Metals (ASX: WC1) has expanded the exploration potential of its Baxter Fluorspar Project after satellite spectral analysis revealed extensive alteration beyond historical mines, identifying new fluorite targets along a 3 km corridor. The acquisition, subject to due diligence, offers exposure to a critical US mineral supply chain.

Mount Hope Mining has engaged R.W. Corkery & Co to lead environmental baseline studies and prepare for an Environmental Impact Statement at its Mt Solitary gold project, a crucial step towards mining approvals in NSW.