Latest Peru News

Cobalt Blue Holdings announces the retirement of long-serving Chairman Rob Biancardi, with Joe Kaderavek stepping up as Chair and CEO Dr Andrew Tong appointed Managing Director. The company also defers its planned name change, signaling a nuanced strategic evolution.

Mammoth Minerals has intensified its exploration at the Excelsior Gold-Silver Project with a second drill rig, aiming to deliver its first resource estimate by Q4 2025. A comprehensive magnetics survey further sharpens targeting across multiple mineralised trends.

Mammoth Minerals reveals a major deep-seated intrusive target at its Picha Copper Project in Peru, supported by advanced geophysical surveys under the BHP Xplor program. This finding aligns with surface copper mineralisation and sets the stage for refined exploration.

Australian Critical Minerals has completed its acquisition of Circuit Resources, securing a 25,600-hectare portfolio in Peru rich in precious and base metals, with multiple drill-ready projects poised for exploration.

An independent study confirms Condor Energy’s Piedra Redonda gas field offshore Peru offers multiple viable pathways to early monetisation and long-term growth, positioning it as a strategic regional energy asset.

Orion Equities reported a $1.33 million net profit for FY25, down 56% from the prior year, impacted by unrealised losses on key investments and a significant tax benefit reversal. The company’s portfolio remains anchored by stakes in Bentley Capital and Strike Resources.

AusQuest Limited reports significant expansion of its Cangallo porphyry copper system in southern Peru, with upcoming diamond drilling poised to unlock deeper mineralisation insights.

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.