Latest Copper Gold News

Sierra Nevada Gold (ASX: SNX) has completed a $12.85 million capital raise to fund an aggressive Phase 2 drilling campaign at its As Safra Copper-Gold Project in Saudi Arabia, supported by strong institutional backing.

Sandfire Resources Ltd (ASX:SFR) posted a 41% revenue jump to $1.65 billion and a 282% surge in net profit to $355.8 million for FY26, driven by strong operational performance and robust commodity prices. The company declared a fully franked 35 Australian cents per share dividend and advanced its Kalkaroo Copper-Gold Project with a $70 million pre-feasibility study underway.

Loyal Metals Limited’s acquisition by PT Bumi Resources TBK has reached a key milestone with court approval now official, triggering suspension of Loyal shares on the ASX and setting the stage for scheme consideration payments in early September.

Novo Resources Corp bolsters its Australian gold and copper exploration pipeline with a maiden inferred resource at Belltopper and strategic gains at Egina following Northern Star’s JV exit.

S2 Resources is set to begin drilling at Warraweena in early October targeting gold and copper, while Loch Lilly prepares geophysical surveys and awaits drilling permits. Jillewarra drilling remains on hold pending regulatory and heritage approvals.

Loyal Metals has secured court approval for its acquisition by PT Bumi Resources, setting the stage for trading suspension and scheme implementation in early September.

Celsius Resources has lodged a disciplinary complaint seeking the disbarment of key lawyers from Sarmiento Loriega Law amid governance disputes at Makilala Mining and its MCB Copper-Gold Project.

Coppermoly Limited’s Managing Director and CEO Dickson Leah has resigned immediately, prompting a board-led strategic review focused on short-term shareholder value amid ongoing exploration and acquisitions.

TechGen Metals has kicked off its maiden diamond drilling campaign at the Red Devil IP target within its 100% owned Blue Devil Project in WA, testing a standout geophysical anomaly with surface assays hitting up to 52.3% copper and 5.35 g/t gold.

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.

Carnaby Resources has boosted its Greater Duchess project Mineral Resource Estimate by 10%, with a significant 47% jump at the Trekelano deposit, driven by new underground drilling results.

Rincon Resources has kicked off a 3,500-metre Reverse Circulation drilling campaign targeting extensions at its Telfer South Gold-Copper Project, aiming to grow resources around the Hasties Zone and Frenchman's prospect.