Latest Peru News

Lycopodium Limited has won a A$37 million EPCM contract to develop a new silver oxide processing plant at Bolivia’s San Cristóbal Mine, aiming to boost silver production alongside existing operations.

Patriot Resources has expanded its silver-gold footprint in southern Peru by staking the Tassa 5 tenement, increasing its landholding by 50% and pushing the mineralised corridor further south adjacent to its 31.4Moz AgEq inferred resource.

Codrus Minerals is set to acquire two promising copper and molybdenum projects in Australia and Peru, backed by a $2.5 million capital raise. The deal includes significant share issuance and performance rights tied to exploration milestones.

Strike Resources is progressing the sale of a 28.52% indirect stake in its high-grade Apurímac Iron Ore Project for A$5.5 million, while advancing exploration programs and preparing for potential small-scale mining under Peru’s artisanal regime. The company also holds a 27.7% interest in LE Minerals, which is spinning out its Graphite Projects via an IPO.

AusQuest has confirmed a continuous 1.5km copper-gold mineralised corridor at its Cangallo project in Peru, with broad intercepts and emerging high-grade zones. Diamond drilling has begun, revealing significant vertical extent and setting the stage for deeper exploration.

Solis Minerals has secured a strategic lithium asset in Brazil's Araçuaí–Salinas Lithium Valley and initiated drilling at Mandacaru, while advancing copper projects in Peru with fresh capital backing.

Australian Critical Minerals has completed its initial diamond drilling at the Flint Project in Peru, revealing a substantial high-sulphidation hydrothermal system and signs of porphyry-style mineralisation. Assay results from the standout drill hole are awaited, with further drilling planned to explore the system’s broader extent.

ALS Limited reported record FY26 financial results driven by strong growth in Minerals and Industrial Materials, while advancing its digital transformation through the Lab of the Future initiative. Leadership changes and a strategic portfolio review underpin its disciplined capital allocation approach.

AusQuest’s inaugural deep diamond drill-hole at its Cangallo project in Peru reveals extensive copper mineralisation down to 880 metres, underpinning the scale of the porphyry system. Assays are pending, with further drilling underway to probe higher-grade zones.

Eagle Mountain Mining and Nittetsu Mining have signed a non-binding MOU to jointly explore new mineral project opportunities in Australia and North America, building on their existing Oracle Ridge joint venture.

Condor Energy has completed its Technical Evaluation Agreement work early, consolidated full ownership of TEA 86 offshore Peru, and submitted for licence conversion, positioning itself for exploration and gas commercialisation.

Condor Energy has completed a pivotal feasibility study for its Piedra Redonda gas discovery offshore Peru, confirming a conventional development approach and underpinning ongoing commercial and financing efforts.