Latest Peru News

Australian Critical Minerals Limited (ACM) has unveiled detailed exploration plans for its Peru projects, highlighting the Flint Project’s compelling high-grade gold and silver targets with drilling scheduled for early 2026.

Australian Critical Minerals has declared its Flint gold-silver project in Peru drill-ready, unveiling a comprehensive technical review and securing permits for an initial diamond drilling program this quarter.

Australian Critical Minerals has raised $3 million through a heavily oversubscribed placement to fund maiden drilling at its promising Flint Gold-Silver Project in Peru.

Solis Minerals has confirmed extensive copper-gold mineralisation at its Ilo Este and Chancho al Palo projects in Peru, reinforcing the potential for a large-scale porphyry system. The company plans to leverage these results in 3D geological models as it shifts drilling focus to advanced projects amid strong copper prices.

Strike Resources has signed a non-binding Memorandum of Understanding with Naviera Petral to develop port infrastructure in Peru, supporting the export of its high-grade Apurimac iron ore. This strategic move aims to reduce logistics costs and pave the way for a return to production.

Patriot Resources has secured a binding agreement to acquire the high-grade Tassa Silver-Gold deposit in Peru and completed an oversubscribed $4.25 million capital raising to fund exploration and acquisitions across its portfolio.

AusQuest Limited has reported significant progress at its Cangallo copper-gold project in Peru, extending mineralisation and advancing drilling programs, supported by a $10 million capital raise and an extended partnership with South32.

Condor Energy Limited has advanced its offshore Peru portfolio with a new high-potential oil prospect and a strategic gas offtake agreement, positioning itself for future commercialisation in a promising basin.

BHP has reported a robust operational half-year, setting new production records and raising its copper output forecast for FY26 amid strong commodity prices.

Gold Mountain Limited has reported strong assay results from diamond drilling at its Irajuba IR-1 prospect in Brazil, extending known rare earth mineralisation beyond previous targets with notably high magnet rare earth oxide content.

AusQuest Limited has significantly extended the copper-gold mineralised system at its Cangallo project in Peru through recent diamond and RC drilling, revealing depths beyond 800 metres and strike length exceeding one kilometre.

Fortescue Ltd has announced a binding agreement to acquire the remaining 64% of Alta Copper, gaining full control of the Cañariaco Copper Project in Peru. The deal values Alta Copper at C$139 million and aligns with Fortescue’s expanding copper strategy.