Latest Peru News

Solis Minerals has reported significant visual copper and molybdenum mineralisation over approximately 350 metres in its first diamond drill hole at the Ilo Este project in Peru, with assay results due in September 2025.

Polynovo Limited reported a robust 23.3% increase in total revenue for FY25, driven by strong commercial sales growth across the US and international markets. The company is advancing its FDA PMA submission and expanding its global footprint amid strategic product development.

PolyNovo Limited reported a robust 28.9% increase in group sales to A$118.6 million for FY25, alongside a 151% surge in net profit after tax to A$13.2 million, driven by strong U.S. growth and key regulatory approvals.

Mammoth Minerals has finalized its acquisition of two promising US gold projects and revamped its leadership to spearhead a high-grade gold drilling campaign.

Firetail Resources has raised A$5 million in a strongly supported placement to accelerate exploration across its US and international gold and copper projects, including maiden drilling at the Excelsior Gold Project in Nevada.

Solis Minerals has secured permits to begin a significant 5,000-metre diamond drilling campaign at its Ilo Este copper-gold project in Peru, aiming to unlock large-scale mineral resources. Drilling is set to start in August 2025, following progress at the nearby Chancho al Palo project.

Strike Resources has made significant progress on its Apurimac Iron Ore Project in Peru, engaging with government agencies on critical railway infrastructure and initiating environmental studies, despite recent civil unrest impacting operations. Meanwhile, its stake in Lithium Energy Limited sees advancement in key lithium and gold-copper projects.

Winchester Energy reported steady oil production and revenue for the June quarter while resolving key legal disputes and undergoing significant board changes. The company also withdrew from costly Peruvian exploration plans, focusing on US operations and cost control.

Altair Minerals has demonstrated its capability to detect deep copper-gold deposits at its Olympic Domain Project through a successful Transient Electromagnetic (TEM) simulation, setting the stage for a pivotal survey and drilling campaign near BHP’s Oak Dam Deposit.

Australian Critical Minerals has acquired six exploration projects in Peru, significantly broadening its portfolio with targets in gold, copper, silver, base metals, and lithium. The company also completed a $1 million capital raise to fund upcoming exploration activities.

EV Resources has secured a 70% stake in the Los Lirios Antimony Project, unveiling high-grade mineralisation and plans for a pilot plant to accelerate production. Leadership enhancements and portfolio rationalisation underscore its strategic pivot to critical minerals.

Solis Minerals has kicked off diamond drilling at its Chancho al Palo copper-gold project in Peru, revealing promising visual mineralisation including visible gold, while advancing permits and funding to support further exploration.