Latest Peru News

Strike Resources has agreed to sell a further 28.52% indirect stake in its Apurimac Iron Ore Project to JE United Ltd for A$5.5 million, while securing a US$5 million credit facility to accelerate project development and iron ore marketing.

EV Resources has acquired the remaining 50% stake in the Don Enrique Copper-Silver Project in Peru, consolidating a large, drill-ready land package with significant high-grade mineralisation and permits in place.

Condor Energy has updated its corporate presentation revealing significant progress in Peru’s Tumbes Basin, highlighting a 1 trillion cubic feet gas discovery and a multi-billion barrel oil exploration portfolio. The company is moving towards converting its evaluation agreement into a full exploration licence while advancing commercial discussions for gas offtake.

Australian Critical Minerals has appointed an experienced Peruvian drilling contractor to commence its first diamond drilling campaign at the Flint High-Sulphidation Gold-Silver Project, targeting a large-scale epithermal system in a prolific gold belt.

Patriot Resources has confirmed strong silver recoveries averaging 85% from historical testwork at its Tassa project in Peru, underpinning a maiden JORC Inferred Resource of 31.4 million ounces silver equivalent. An independent metallurgical review is underway to refine recovery assumptions and support future resource upgrades.

AusQuest Limited reports strong assay results from its Cangallo project in Peru, revealing a large, continuous copper-gold mineralised system with promising high-grade intervals and plans for extensive follow-up drilling.

Patriot Resources has completed the acquisition of the Tassa Silver-Gold Project in Peru, unveiling a maiden inferred resource of 31.4 million ounces silver equivalent at impressive grades. The company plans an aggressive drilling campaign to unlock further growth potential.

Patriot Resources has announced a significant maiden inferred mineral resource of 31.4 million ounces silver equivalent at its Tassa Project in Southern Peru, highlighting a large-scale epithermal polymetallic system open in all directions.

AusQuest Limited has significantly expanded the copper mineralisation at its Cangallo Project in Peru, extending the porphyry system to over 1,500 metres with promising assay results. Further drilling is planned to explore depth and lateral extensions, highlighting the project's growing potential.

Mammoth Minerals has completed the sale of its Paterson Project, redirecting resources to accelerate drilling at its Excelsior Springs Gold-Silver Project in Nevada, with assay results expected soon.

Condor Energy has unveiled a significant upgrade to its offshore Peru portfolio with the addition of the Raya West prospect, pushing the Greater Raya area’s prospective oil resources beyond 900 million barrels. This milestone enhances Condor’s position as a major player in the Tumbes Basin exploration landscape.

Australian Critical Minerals Ltd has updated its Flint Gold-Silver Project presentation, confirming drill readiness with permits and funding secured for an initial diamond drilling program in Peru’s prolific epithermal belt.