Latest Copper Mining News

Hillgrove Resources has reported significant high-grade copper and gold mineralisation extensions at its Nugent deposit within the Kanmantoo Copper Mine, enhancing resource understanding ahead of first production. Ongoing drilling and an updated resource estimate are set to shape the mine’s near-term development.

Revolver Resources has successfully raised A$1.35 million through an oversubscribed equity placement, advancing its Dianne Copper Mine Project towards a Final Investment Decision targeted for late 2025.

Hillgrove Resources has completed its Nugent Acceleration Project ahead of schedule, boosting underground development and early ore processing. However, the company has lowered its 2025 copper production guidance and raised cost estimates due to geological challenges.

GreenX Metals has identified the Mid-European Crystalline Zone beneath the historic Richelsdorf copper mines in Germany, revealing a likely primary source of copper mineralisation and significantly boosting exploration potential at its Tannenberg Project.

Noronex Limited has confirmed deeper, higher-grade copper mineralisation at its Fiesta Project in Namibia through diamond drilling, setting the stage for a substantial 7,000m Reverse Circulation drilling campaign funded by South32.

Argent Minerals has raised $4.85 million through an oversubscribed placement to fast-track exploration and development at its Kempfield Silver-Polymetallic Project and nearby copper-gold assets in New South Wales.

Lithium Energy Limited has identified promising Mt Morgan-style gold-copper mineralisation within its Capricorn Gold-Copper Belt Project in Central Queensland, supported by re-assayed historic drill cores. The company plans to fast-track exploration with advanced geophysical surveys and drilling.

Diablo Resources has secured key drilling approvals for its Phoenix Copper Project in Utah, accelerating exploration in a critical US copper district. Early surface samples at the Fair Dinkum Prospect show promising copper and silver grades, setting the stage for a pivotal drilling campaign.

Austral Resources Australia Ltd is undertaking a $40 million capital raise to restructure its balance sheet, settle key debts, and accelerate its consolidation strategy in Queensland’s copper-rich Mount Isa and Cloncurry region.

Austral Resources Australia Ltd reported a steep increase in half-year losses to $24.17 million, driven by discontinued operations, while advancing key acquisitions and debt restructuring efforts.

Mammoth Minerals has agreed to sell a 90% stake in its Paterson copper-gold project to Cloudbreak Discovery for AUD 3.1 million in shares, refocusing its efforts on high-grade US assets while retaining a strategic interest in Paterson.

Capstone Copper’s Mantoverde mine in Chile is experiencing a temporary production slowdown due to dual ball mill motor failures, with repairs expected to take about four weeks and production halved during this period.