Latest Guinea News

Asara Resources has reported standout assay results from new drilling at the southern edge of its Massan Deposit in Guinea, highlighting broad and high-grade gold mineralisation that could boost the project’s resource base ahead of an August update.

Tolu Minerals has reported robust new gold intersections from 17 diamond drill holes at its Tolukuma Gold Mine, bolstering a revised geological model and supporting an updated Mineral Resource Estimate due in August 2026.

DeSoto Resources has launched a 10,000m maiden drilling program at its Timbakouna Gold Project and secured a major new ground package in Guinea’s prolific Siguiri Basin, backed by a strong cash position of A$9.2 million.

Rio Tinto delivered a robust first half in 2026 with a 28% jump in underlying EBITDA to $14.8 billion, powered by copper ramp-up at Oyu Tolgoi, lithium expansion, and operational gains. The miner also lifted its interim dividend by 43% amid disciplined capital investment and steady iron ore output.

Geopacific Resources has completed a Definitive Feasibility Study for its Woodlark Gold Project, revealing robust economics and a clear path to development with a targeted Final Investment Decision by early 2027.

Taruga Minerals secured key exploration licences at its Weioko Gold Deposit in Papua New Guinea, paving the way for the first drilling since 2009. Concurrently, the company formalised land access at Kol Mountain and identified multiple high-priority copper-gold targets as field programs ramp up.

Papua New Guinea’s government has taken a significant equity position in Pacific Lime and Cement’s Central Lime Project, injecting US$16.3 million and reinforcing sovereign backing for the nation’s first integrated lime and cement manufacturing platform.

Santos Limited edged up production by 3% in Q2 2026, with Barossa hitting 97% of planned output and Pikka phase 1 moving toward plateau. Sales revenue rose 6% to $1.35 billion, while free cash flow impacts from commissioning are expected to reverse in H2.

Canterbury Resources is pushing ahead with a large-scale drilling program at its Briggs Copper Project while integrating its newly acquired Monto Project, setting the stage for a Pre-Feasibility Study on a potential tier-one copper operation.

Famien Resources’ maiden RC drilling at the Bonougbara Trend delivers multiple gold intercepts, reinforcing the prospectivity of its Cote D’Ivoire portfolio. Further drilling and sampling programs are underway to delineate the emerging mineralised system.

Taruga Minerals has locked in CorePacific Drilling for a maiden 1,000m diamond drill campaign at its Weioko Gold Deposit on Normanby Island, aiming to validate historical high-grade gold hits and explore deeper mineralisation.

LCL Resources has been granted the Kau Creek Exploration Licence in Papua New Guinea, consolidating its tenure over a significant mineralised corridor with historic high-grade gold and silver results. The milestone triggers a A$200,000 payment from Rio Tinto under their farm-in agreement, setting the stage for expanded exploration.