Latest Peru News

Condor Energy has wrapped up its Technical Evaluation Agreement work programme ahead of schedule, reinforcing the multi-billion barrel oil and gas potential in Peru's Tumbes Basin and setting the stage for licence conversion and strategic partnerships.

AusQuest gears up for maiden drilling at two promising copper-gold prospects in Peru, aiming to build on the momentum from its Cangallo discovery. Over 8,000 metres of Reverse Circulation drilling are set to test high-priority IOCG and porphyry targets starting Q2 2026.

Patriot Resources Limited has secured a $500,000 share placement at a 28% premium and entered a 24-month marketing agreement with Next Investors to boost investor engagement for its Tassa Silver Project in Peru.

Gold Mountain Limited (ASX: GMN) has announced assay results from 41 diamond drill holes at its Irajuba IR-1 prospect in Brazil, doubling the drilled resource area and confirming thick zones of high-grade rare earth mineralisation with a strong magnet rare earth oxide content.

Condor Energy has agreed to acquire Jaguar Exploration’s 20% stake in the TEA 86 offshore Peru project, moving to full ownership. The deal, structured through performance shares, aims to simplify equity and support licence conversion and future partnerships.

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.

Australian Critical Minerals has commenced its first diamond drilling program at the Flint gold-silver project in Peru, targeting a large hydrothermal system. The company has also expanded its tenure close to the San Juan silver project, enhancing its exploration footprint.

Patriot Resources has announced a maiden JORC inferred resource of 31.4 million ounces silver equivalent at its high-grade Tassa project in Peru, highlighting significant growth potential and undervaluation compared to peers.

Condor Energy has identified extensive deepwater turbidite reservoirs across its TEA-86 offshore acreage in Peru’s Tumbes Basin, significantly reducing exploration risk and advancing plans for drilling and licence conversion.

Australian Critical Minerals is set to begin its maiden drilling campaign at the Flint gold-silver project in Peru, targeting a 4 km hydrothermal system with promising high-sulphidation epithermal gold-silver potential. Drilling starts March 31, 2026, following extensive geophysical and geological groundwork.

AusQuest Limited has kicked off an extensive new drilling campaign at its Cangallo copper-gold project in Peru, aiming to expand mineralisation and uncover higher-grade copper sulphides beneath the surface.

Patriot Resources has appointed Dominic Duggan as Managing Director and CEO, signalling a strategic push to advance its global mining projects. Duggan’s blend of technical and financial expertise is expected to steer the company through its critical development stage.