Latest Cobar News

Kingston Resources launches a $8.47 million rights issue at a 12.5% discount, backed by a $4.4 million placement, to finance a major drilling campaign and plant expansion at Mineral Hill following the closure of its Pearse South open pit.

Polymetals Resources has confirmed that substantial high-grade mineralisation remains intact near a previously assumed collapse zone at the Endeavor Mine, with initial drilling results exceeding expectations.

Peel Mining's acquisition by Aeris Resources has cleared its final legal hurdle, with the Supreme Court of NSW approving the scheme of arrangement. Peel shares will suspend trading from 22 June, with implementation slated for 1 July 2026.

Aeris Resources has received Supreme Court approval to acquire Peel Mining, adding significant copper resources to its Tritton operations and setting the stage for long-life production growth.

The NSW Supreme Court has approved Aeris Resources' takeover of Peel Mining, setting in motion key dates for shareholder entitlements and trading suspension.

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.

Aurelia Metals has completed a Pre-Feasibility Study for its New Occidental Tailings Retreatment Project, declaring a maiden Ore Reserve and outlining strong economics and a clear path to production at its Peak Operation in NSW.

Peel Mining has issued proxy presentations and Chairman’s scripts for key shareholder meetings on the demerger of Spectre Metals and the proposed acquisition by Aeris Resources.

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.