Latest Copper Projects News

KGL Resources has launched a $120 million entitlement offer at $0.20 per share, part of a $300 million capital raise to fund the Jervois Copper Project. The offer is underwritten except for pre-commitments from major shareholders, with new shares expected to be issued late July.

Alma Metals has acquired a fully equipped 16-person exploration camp at its Briggs Copper Project, enabling a second drill rig deployment and accelerating resource growth and pre-feasibility studies.

Kincora Copper has sealed definitive agreements to divest its Mongolian subsidiaries for US$10 million, marking a strategic pivot to focus on its Australian gold-copper projects.

Sunstone Metals is pushing the boundaries of its Bramaderos gold-copper project in Ecuador, with all 20 holes assayed in the current drilling campaign delivering long mineralised intersections. The Porotillo porphyry system alone now extends mineralisation over an area of roughly 500m by 200m beyond the existing 3.6Moz resource.

True North Copper (ASX:TNC) has confirmed a new high-grade copper-gold structure at its Wallace North deposit in Queensland, with drill results highlighting significant resource growth potential.

Avira Resources has appointed Andrew van Bentum as CEO, bringing over 25 years of expertise to lead its gold and base metals exploration strategy across Western Australia and Sweden.

Rincon Resources has struck a $1.1 million joint venture deal with Maverick Minerals, divesting 90% of its West Arunta interest while retaining a 10% free-carried stake, freeing capital for its core Telfer South and Crackerbox projects.

Cobre Limited is progressing a major upgrade of its Sierra Atacama copper project in Chile, aiming to convert a large foreign resource estimate into a JORC-compliant Mineral Resource Estimate while launching a 40,000-metre drilling program targeting near-mine expansion and deeper sulphide mineralisation.

BOA Resources has appointed geologist Graeme Purcell as Managing Director following its acquisition of the Thaduna and Green Dragon copper deposits, setting the stage for a drilling campaign at Neds Creek.

Somerset Minerals (ASX:SMM) has kicked off a $3.17 million capital raise combining a $2 million placement and a $1.17 million entitlement offer, aiming to advance exploration at its Coppermine copper project in Nunavut, Canada. The offer includes attaching options and management incentives, with participation restricted to shareholders in select jurisdictions.

Peel Mining has distributed all shares in Spectre Metals to its shareholders, marking the completion of the demerger. This comes just before Aeris Resources is set to acquire Peel in a scheme of arrangement.

Hillgrove Resources has uncovered significant copper-gold mineralisation extending more than 100 metres below previous depths at the Kanmantoo Copper Mine, marking the deepest recorded intersection to date and reinforcing resource growth potential.