Latest Copper Gold News

Xanadu Mines Limited has received a conditional off-market takeover offer from Bastion Mining Pte Ltd at A$0.08 per share, representing a significant premium. The company’s independent Takeover Committee unanimously recommends acceptance, supported by an independent expert’s fair and reasonable valuation.

Bastion Mining has tabled a recommended $0.08 per share cash offer for Xanadu Mines, representing a significant premium and backed unanimously by Xanadu's independent directors and largest shareholder.

Antilles Gold’s joint venture has inked key offtake agreements for all gold and copper/gold concentrates from the Nueva Sabana mine, boosting project financing prospects.

Carnaby Resources has reported promising first drill results from its Trekelano Project in Mt Isa, confirming broad, high-grade copper-gold mineralisation that could significantly enhance the Greater Duchess Copper Gold Project.

Solstice Minerals has delivered promising first-ever Reverse Circulation drilling results at its Edjudina Range gold discovery in Western Australia, confirming significant gold mineralisation and setting the stage for accelerated exploration.

Horseshoe Metals is close to completing infrastructure upgrades at its Horseshoe Lights project, setting the stage for imminent copper Direct Shipping Ore operations and gold processing activities.

Copper Search Ltd has identified promising heavy mineral sands rich in zircon and titanium minerals at its Peake Project in South Australia, signaling a strategic expansion beyond copper exploration. The company has engaged renowned expert Ian Warland and applied for a new tenement to advance this low-cost opportunity.

Patriot Resources has successfully raised $2.2 million through an oversubscribed share placement, signaling strong investor confidence as it advances exploration in Zambia and other projects.

Alvo Minerals has terminated its planned acquisition of the Lavra Velha Gold Project after due diligence concerns, leading to the cancellation of a $2.93 million entitlement offer and the launch of a new discounted $1.6 million rights issue to fund ongoing exploration.

Rimfire Pacific Mining has agreed to sell an option on its Cowal Copper Gold Project to Copper Search Limited, unlocking up to $700,000 in milestone payments. This strategic move allows Rimfire to concentrate on its scandium assets amid tightening global supply.

Copper Search Ltd has secured an exclusive six-month option to acquire Rimfire Pacific Mining's Cowal Project tenements, significantly enlarging its Theseus Gold and Copper Project in NSW's Lachlan Fold Belt. The move positions the company to leverage historical data and advanced analytics to validate promising drill targets near established mines.

Sunshine Metals has secured nearly $400,000 in Queensland government grants to advance drilling and geophysical surveys at its Ravenswood Consolidated Project, targeting promising gold and copper deposits.