Latest Copper And Molybdenum News

Golden Globe Resources has highlighted significant copper-gold potential at its Burns Spur area within the Ridler Creek tenement, supported by recent high-grade rock chip assays and a re-evaluation of 1970s Noranda drilling that revealed extensive copper mineralisation.

Lodestar Minerals has taken a strategic step into Chile’s prolific copper belt by acquiring the Pacifico Cu-Mo-Au Porphyry Project, consolidating over 22 square kilometres of tenure with a rich historical drilling record. The company plans maiden drilling in the second quarter of 2027, aiming to unlock potential along a six-kilometre porphyry corridor.

Caravel Minerals has significantly advanced its Caravel Copper Project with a near-complete Definitive Feasibility Study, marked by a 48% increase in Proven Ore Reserves and strengthened funding arrangements.

Hammer Metals has released final assay results from its Kalman drilling program, revealing thick, high-grade copper-gold-molybdenum-rhenium mineralisation and confirming Blackrock's copper-gold potential near the Barkly Highway.

Alma Metals has received assay results from the first three holes of its 2026 infill drilling program at the Briggs Copper Project, confirming copper grades align with the current resource model and underpinning progress toward a preliminary feasibility study.

Southern Hemisphere Mining has reported substantial copper sulphide mineralisation at its Llahuin project in Chile, with drill intercepts confirming a large porphyry system and prompting a resource upgrade.

Canterbury Resources has reported consistent assay results from initial drilling at its Briggs Copper Project, supporting a significant resource upgrade and ongoing Pre-Feasibility Study, while gearing up for a new drilling campaign at the Monto Project's John Hill deposit.

Codrus Minerals is set to acquire two promising copper and molybdenum projects in Australia and Peru, backed by a $2.5 million capital raise. The deal includes significant share issuance and performance rights tied to exploration milestones.

Austral Resources Australia Ltd has lodged a binding proposal to acquire Hammer Metals, offering a 29.9% premium over a rival bid and proposing a SpinCo demerger of Hammer's WA gold assets. The deal would create a larger, more diversified Queensland copper producer with operational synergies and enhanced exploration potential.

Larvotto Resources has kicked off processing at Hillgrove's Metz mine while securing the Blockade Copper Mine and moving to acquire Hammer Metals, broadening its critical minerals portfolio.

AusQuest has confirmed a continuous 1.5km copper-gold mineralised corridor at its Cangallo project in Peru, with broad intercepts and emerging high-grade zones. Diamond drilling has begun, revealing significant vertical extent and setting the stage for deeper exploration.

Hammer Metals has agreed to be acquired by Larvotto Resources in a $61.2 million scheme that includes a demerger of its WA gold assets, while facing a higher non-binding $80.7 million proposal from Austral Resources. The board backs Larvotto’s offer pending independent expert approval, as drilling at Kalman advances resource confidence.