Latest Macquarie Arc News

Sultan Resources has ended the September quarter with $1.652 million in cash as it builds a copper-gold exploration portfolio spanning Namibia and New South Wales. The company’s most advanced near-term work remains contingent on a licence grant, geophysical reviews and shareholder approvals.

Golden Deeps has reported high-grade polymetallic intersections at its Graceland prospect in Namibia, including 9.2% copper, 417g/t silver and 23.2% zinc. The explorer has begun deeper drilling across the Gossan 1 corridor, with A$3.548 million in cash providing an estimated 5.3 quarters of funding.

Kincora Copper has paid A$100,000 for a nine-month option over six exploration licences covering 1,147km² across New South Wales and Victoria. The package includes Boree Creek, where a historical drill hole returned a 48-metre copper-gold interval that Kincora plans to test with diamond drilling.

Kincora Copper says 2026 drilling has identified multiple porphyry-style intrusive complexes across its Nevertire and Nevertire South licences, expanding the interpreted prospective strike beyond 40 kilometres. The results remain early-stage, but AngloGold Ashanti’s potential A$100 million earn-in gives the exploration program meaningful financial backing.

Legacy Minerals has identified three untested induced polarisation targets at its Rockley project in NSW, led by an 800m zone with chargeability of up to 45mV/V. The priority target sits beneath surface copper, gold and silver anomalies, but drilling remains under consideration rather than committed.

Kingfisher Mining has remade itself around a 700 square kilometre New South Wales exploration portfolio, with Copper Blow emerging as the flagship after high-grade drilling. The shift came alongside a $1.16 million FY2026 loss, $1.21 million in cash and an explicit reliance on future funding.

Exultant Mining has kicked off fieldwork at Watsons Prospect and identified two additional priority copper-gold targets at its 390km² Black Hammer Project in the Macquarie Arc. The company is pursuing a staged exploration strategy while awaiting assay results from its maiden Balerion drill program.

Koonenberry Gold has kicked off a seven-hole RC and diamond drilling program at its Dunedoo Project in NSW, targeting the untested Bolinda Vale copper-gold porphyry system and the Hillside gold-silver anomalies.

Kincora Copper has accelerated exploration activities across its Australian portfolio, including partner-funded drilling with AngloGold Ashanti and sole-funded programs at Condobolin, while divesting its Mongolian assets for US$10 million to sharpen focus and strengthen its balance sheet.

Adavale Resources has executed a $1.2 million deal selling its Marree Embayment uranium assets to Orpheus Uranium, pivoting capital and attention towards advancing its gold-copper Parkes Project in NSW.

Godolphin Resources' JV partner Great Plains Metals has delivered a substantial copper-gold porphyry intercept at Goodrich, NSW, validating the exploration model and highlighting the project's scale potential.

Talisman Mining’s latest drilling at Sheepyard reveals broad shallow gold zones over 800m, signalling a large-scale system. New CEO Todd Ross takes the helm amid active exploration and $3.09 million cash.