Latest Copper Sector News

Stavely Minerals has released an updated 2026 Scoping Study for its Thursday's Gossan project in western Victoria, revealing a robust 60Mt copper-gold-silver resource and strong financial metrics including a pre-tax NPV7 of A$818 million and a 40% IRR.

Austral Resources has locked in a binding agreement to acquire Hammer Metals, offering a 70.6% premium and creating a stronger Queensland copper entity with significant resource and exploration potential.

Austral Resources Australia Ltd has lodged a binding proposal to acquire Hammer Metals, offering a 29.9% premium over a rival bid and proposing a SpinCo demerger of Hammer's WA gold assets. The deal would create a larger, more diversified Queensland copper producer with operational synergies and enhanced exploration potential.

Austral Resources has lodged a binding offer to acquire Hammer Metals for $80.7 million, trumping Larvotto Resources' earlier $61.2 million scheme. The proposal includes a demerger of Hammer’s WA gold assets and positions Hammer shareholders to own about 31% of the combined entity.

Austral Resources Australia Ltd has tabled a non-binding proposal to acquire Hammer Metals Ltd at A$0.087 per share, outbidding Larvotto Resources and aiming to bolster its Rocklands copper operations with a substantial new feed source.

AusQuest has reported significant near-surface copper-gold mineralisation from its latest RC drilling at the Cangallo project in Peru, setting the stage for a substantial diamond drilling campaign targeting deeper, higher-grade zones.

KGL Resources has locked in a US$300 million streaming agreement with Wheaton Precious Metals, marking a pivotal step in funding the Jervois Copper Project in Australia's Northern Territory. This deal provides significant upfront capital without traditional debt constraints, positioning KGL for copper production growth.

Hawk Resources has secured an option to acquire up to 80% of the Meerkat Copper Project in Arizona, positioning itself within a world-class copper belt. The move aligns with Hawk’s strategy to build a US copper portfolio with near-term value catalysts.

Empire Resources has completed the second tranche of its share placement, raising nearly A$2 million following shareholder approval. This capital boost supports the company’s ongoing exploration ambitions in Western Australia’s gold and copper sectors.

Cobre Limited’s Chilean subsidiary has secured a majority stake and operational control of the Sierra Atacama Copper Project, setting the stage for potential full ownership through staged acquisitions and strategic governance changes.

Noronex Limited has completed the sale of its non-core Dordabis Copper Project in Namibia, receiving the final payment and strengthening its cash position to advance exploration in higher-priority uranium and copper assets.

SolGold shareholders have approved the recommended cash acquisition by Jiangxi Copper, a move that directly impacts DGR Global’s substantial investment in the company. Completion awaits court approval and further conditions.