Latest Copper Recovery News

Alma Metals is pushing the Briggs Copper Project through a substantial drilling and metallurgical program, with a 2027 resource update planned to support a prefeasibility study. The project’s 932Mt resource contains about 2Mt of copper, but the company still faces the usual funding, technical and development hurdles of a large undeveloped mine.

Cobre Limited (ASX:CBE) says its Sierra Atacama turnaround delivered a first cash-positive quarter, higher recovery and 879 tonnes of copper cathode production. The company remains loss-making at group level, but enters FY27 with more cash, a larger project stake and an ambitious drilling and expansion programme.

White Cliff Minerals has expanded its Rae Copper-Silver Project into a multi-kilometre copper system, with a peak interval of 21.1% copper and recoveries reaching 95.4%. The exploration progress came alongside an A$18.8 million FY26 loss, A$14.5 million operating cash outflow and an auditor-highlighted material uncertainty over going concern.

New Frontier Minerals advanced its copper and rare earths portfolio during FY2026, but the annual report highlights a material uncertainty over its ability to continue as a going concern. The company ended the year with $1.23 million in cash after a $2.25 million placement and ongoing exploration spending.

Tennant Minerals has reported a high-grade maiden resource and further strong drilling at its Bluebird copper-gold discovery, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. A $2.8 million capital raise completed around year-end provides near-term funding, while further exploration and processing studies remain ahead.

Prospect Resources has taken its flagship Mumbezhi Copper Project to 208.1 million tonnes, while lifting ownership to 90% and securing A$45 million for the next phase of work. The project remains pre-production, leaving the upcoming Scoping Study and further drilling to convert geological scale into an economic case.

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.

Nordic Resources has recorded gold recoveries of up to 90% and copper recoveries of up to 91% at its Kopsa gold-copper project in Finland using a conventional processing route. The results will feed into an updated resource estimate expected in October, while a new 12,000-metre drilling program is already under way.

Southern Hemisphere Mining has reported its strongest Llahuin drilling results yet, but the copper explorer ended FY26 with just $110,027 in cash and a material going-concern uncertainty. The company is relying on further funding, related-party borrowings, asset sales and a possible Chilean VAT refund to keep exploration moving.

Cannindah Resources has reported preliminary NovaCell testwork recovering 94% of copper and 92% of silver at a substantially coarser grind, while rejecting 82% of processed material. The results could support a higher-throughput, lower-energy processing route, although gold recovery and concentrate quality still require further work.

Pivotal Metals has used its FY2026 annual report to position Horden Lake as a larger, better-understood Quebec copper project, with a maiden scoping study targeted for September. The company also expanded Belleterre drilling and added the Bambino project, but remains loss-making and dependent on further funding.

Caravel Minerals has delayed the Caravel Copper Project’s Definitive Feasibility Study from September to the fourth quarter of 2026. The extra time will fund further metallurgical testing, groundwater modelling, environmental updates and a detailed review of the process plant capital estimate.