Latest Copper News

GR Engineering Services has landed a $77.6 million EPC contract to upgrade the Eloise copper processing facility in northern Queensland, marking a significant milestone in its project portfolio.

AIC Mines has awarded a fixed-price $77.6 million contract to GR Engineering to expand its Eloise processing plant capacity from 725,000 to 1.1 million tonnes per annum, with construction set to begin in October 2025 and commissioning expected by late 2026.

AIC Mines has locked in a US$40 million prepayment facility tied to a copper offtake agreement with Trafigura, aiming to boost processing capacity at its Eloise mine.

New World Resources has agreed to an enhanced acquisition proposal from Central Asia Metals, including increased cash consideration and a strategic A$10 million placement to accelerate project development.

Cygnus Metals has raised A$18.3 million through a well-supported share placement to accelerate resource expansion and mining studies at its flagship Chibougamau copper-gold project following strong drilling results.

PolarX Limited has obtained a US$2 million unsecured loan from its largest shareholder Northern Star Resources to accelerate exploration at its Alaska Range Copper-Gold Project. The funding will support an extensive 2025 drilling and geophysics program targeting resource expansion at the Caribou Dome site.

Lode Resources has announced a maiden Mineral Resource Estimate for its Webbs Consol project in New South Wales, revealing a high-grade silver equivalent resource of 32 million ounces. The estimate confirms the project's potential with strong grades and promising metallurgical recoveries.

Nimy Resources has wrapped up a major drilling campaign at its Block 3 Gallium Prospect in Western Australia, setting the stage for a maiden resource estimate by year-end. Early assays reveal promising high-grade gallium, fueling optimism amid growing global demand for this critical metal.

Novo Resources has outlined a strategic exploration plan for the second half of 2025, focusing on high-grade gold and antimony prospects in Western Australia's Pilbara region, with maiden drilling programs set to commence.

Ballymore Resources has initiated a deep drilling program at its Dittmer Project in North Queensland, targeting a significant porphyry copper-gold system beneath the historic mine. This follows strong Stage 5 drilling results and is supported by Queensland Government funding.

QMines is set to complete its acquisition of the high-grade Mount Mackenzie Gold and Silver Project, boosting its resource base and planning a maiden drilling program to unlock further value.

Pivotal Metals has clarified the cause behind its recent share price surge, attributing it to a publicly released research note while confirming no undisclosed material information.