Latest Copper Gold News

Zeus Resources has reported high-grade surface antimony results in Morocco while moving to acquire a copper-gold project in Mauritania. The exploration story is advancing, but the audited accounts flag a material uncertainty over the company’s ability to continue as a going concern.

Unity Metals has secured an oversubscribed $3.5 million placement and plans a further $1 million share purchase plan to accelerate drilling across its Cambodian gold projects. The raise gives the explorer funding to test extensions at O’Phlay and new targets at Ngot, but also brings dilution and shareholder-approval hurdles.

Cannindah Resources has expanded drilling at its Mt Cannindah copper-gold project, identifying the Southern Shoot and extending the Southern Porphyry Target, while equity raisings lifted cash to $14.1 million. The exploration-led result came with a larger annual loss and a substantially expanded share count.

LinQ Minerals finished its first full year as an ASX-listed explorer with $16.23 million in cash after spending heavily on Gilmore drilling and raising $15.4 million. The company reported encouraging gold and copper results, but its next phase will test whether exploration success can translate into a larger resource and a credible development pathway.

Stavely Minerals has outlined a potentially valuable 13-year copper-gold-silver project, but its latest annual report makes clear that funding remains the immediate constraint. The company ended June with A$3.1 million in cash and an auditor-flagged material uncertainty over its ability to continue as a going concern.

Bindi Metals has converted its Ravni project in Serbia from surface exploration into a drill-tested gold-silver system, but the discovery story arrives alongside a larger loss and an auditor’s going-concern warning. The company ended June with $1.68 million in cash and a pipeline of follow-up drilling still dependent on future funding.

Legacy Minerals enters FY2027 with a larger Mt Carrington resource, a positive preliminary development study and fresh drilling underway, but the proposed mine still requires substantial funding. The ASX-listed explorer reported a A$1.85 million FY2026 loss and held A$6.07 million in cash at year-end.

Lachlan Star’s 2026 annual report puts its 90%-owned New Waverley project at the centre of the company’s exploration strategy after drilling outlined shallow, high-grade gold mineralisation across roughly 400 metres. The company ended the year with $6.52 million in cash, but remains loss-making and without a mineral resource or ore reserve.

Podium Minerals says optimisation work has maintained approximately 80% overall 3E recovery while cutting the targeted size of its downstream recovery circuit by about half. The technical gains came alongside a larger annual loss and an explicit reliance on further funding to advance Parks Reef.

Sierra Nevada Gold has begun mobilising a five-rig, 25,000m exploration campaign at its As Safra Copper-Gold Project in Saudi Arabia. The program will test Central Copper’s resource potential while opening up more than 12km of broader discovery targets, with first assays expected in November 2026.

Cannindah Resources has identified a higher-tenor copper, gold and silver zone at its Appletree Prospect, with grades increasing southward toward a potential buried porphyry centre. Three diamond-hole assays remain outstanding before the company commits to the next phase of drilling.

Resource Minerals International has expanded its exploration push across Tanzania and Saudi Arabia, but auditors flagged a material uncertainty over the company’s ability to continue without future capital raisings. The ASX-listed explorer ended FY2026 with $2.12 million in cash after raising funds through placements and convertible securities.