Latest Porphyry Deposits News

Sunstone Metals secures $10 million in a discounted placement led by DGR Global, which gains a 10% shareholding and board representation to accelerate exploration at high-potential Ecuador projects.

Tivan Limited’s regional stream sediment sampling at Turiscai reveals highly anomalous copper and gold grades, alongside key pathfinder elements, advancing the project towards maiden drilling.

Altitude Minerals has locked in a 2,300m drilling permit and contracted a rig to test high-priority copper-gold targets at its Byrock Project in NSW, with drilling set to start mid-June 2026.

Ballymore Resources has kicked off a detailed gravity survey across a 32km corridor at its Ruddygore Project, aiming to refine targets for silver-lead-zinc and skarn-porphyry deposits. Funded by $383,000 in Queensland government grants, the survey complements ongoing high-grade drilling at Torpy's.

AusQuest’s latest drilling at Cangallo confirms a 1.5km mineralised copper-gold corridor with emerging higher-grade zones, setting the stage for a major diamond drilling campaign targeting deeper sulphides.

Magmatic Resources reports promising copper and gold intercepts from its FY2026 drilling at the Myall FJVA Copper-Gold Project, funded by Fortescue, while preparing to ramp up gold drilling at Weebo in Western Australia.

Sunstone Metals reported robust growth at its Bramaderos gold-copper project with a 3.6Moz AuEq resource and substantial exploration targets. Drilling at Copete and Porotillo prospects confirmed mineralisation continuity, underpinning potential resource upgrades.

Australian Critical Minerals (ASX:ACM) has launched its maiden diamond drilling campaign at the Flint Gold-Silver Project in Peru, backed by a $3 million capital raise and expanded land holdings. The drilling targets a 4 km high-sulphidation epithermal system, with advanced core logging technology deployed to accelerate geological insights.

Augustus Minerals completed a key drilling campaign at its flagship Music Well project with assay results due shortly, while continuing to progress permitting and landowner engagement for its Papua New Guinea gold projects.

Sunstone Metals has delivered a robust Scoping Study for its Bramaderos Gold-Copper Project in Ecuador, outlining a 23-year mine life, strong production rates, and a post-tax NPV of US$0.9 billion at a conservative gold price. The study highlights low operating costs and substantial exploration upside, setting the stage for a pre-feasibility study and funding pursuits.

Altitude Minerals has completed extensive gravity and passive seismic surveys over its Byrock Project in NSW, validating key copper-gold porphyry targets and setting the stage for follow-up RC drilling in 2026.

Hillgrove Resources has defined a significant Exploration Target for its Kanappa porphyry-style copper-gold prospect and secured environmental approval for a drilling campaign scheduled for mid-2026.