Latest Copper Gold Discoveries News

Hot Chili’s La Verde copper-gold discovery has expanded rapidly enough to become a cornerstone of the Costa Fuego project, while new funding gives the company room to pursue the next studies and permits. The key test now is whether drilling can translate into a maiden resource and a credible development case.

Tennant Minerals has reported a high-grade maiden resource and further strong drilling at its Bluebird copper-gold discovery, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. A $2.8 million capital raise completed around year-end provides near-term funding, while further exploration and processing studies remain ahead.

AusQuest has materially expanded its Cangallo copper-gold discovery in Peru, but the exploration push came with a larger loss, a sharp rise in cash outflows and an auditor warning that further funding is likely within 12 months. The company ended FY2026 with $6.35 million in cash after a $10 million placement.

AngloGold Ashanti has completed a 2,659-sample soil geochemistry program at EcoGraf’s Golden Eagle project in Tanzania, with results now pending ahead of a planned drilling phase. The work forms part of a US$9 million farm-in while EcoGraf prepares separate exploration across a broader portfolio of gold and critical-minerals targets.

Hot Chili has reported a 398-metre copper-gold intersection from surface at its La Verde discovery in Chile, including 62 metres at 0.91% CuEq. The results extend the case for a higher-grade starter pit, but the project remains an exploration discovery with no Mineral Resource declared.

TechGen Metals has started drilling at its Blue Devil copper-gold target in East Kimberley, WA, backed by government co-funding. Meanwhile, drilling at the Red Devil target completed with pyrite but no copper mineralisation observed.

Sierra Nevada Gold’s initial drilling at As Safra in Saudi Arabia reveals a substantial copper mineralised system over 800m strike, with multiple mineralisation styles and a vast district-scale potential. A major Phase 2 drilling campaign is set to commence within six weeks.

Hot Chili Limited has reported another tranche of impressive drill results from its La Verde copper-gold discovery in Chile, underscoring the deposit’s expanding high-grade core ahead of a maiden resource estimate.

Nelson Resources has completed a comprehensive soil sampling program at its Cinnamon Property in Nevada, affirming a high-grade copper-gold discovery at Sheba and prioritising the near-surface tungsten potential at Ophir.

TechGen Metals (ASX: TG1) enters a catalyst-rich 2026 with fully funded drilling across four copper-gold projects adjacent to multi-million-ounce mines. The company’s $3.7 million cash position supports maiden drilling at Blue & Red Devil and resource development at John Bull.

Nelson Resources has identified a promising copper-gold target at its Cinnamon Property in Nevada, delivering rock-chip samples with significant grades and outlining a clear path for advancing both copper-gold and tungsten prospects.

DPM Metals delivered a record $227 million free cash flow in Q2 2026, driven by strong operational performance and higher metal prices. The ramp-up at Vareš remains on track for full production by year-end, while a major copper-gold discovery at Brevene South boosts exploration outlook.