Latest Porphyry Deposits News

Augustus Minerals has expanded its gold exploration footprint at Music Well and is preparing for drilling, while progressing key licence applications in Papua New Guinea. Leadership changes and financial positioning signal a pivotal phase ahead.

Cannindah Resources has reported significant high-grade gold and copper intersections from its first deep drilling campaign at the Mt Cannindah Southern Porphyry Target, confirming a large and fertile mineral system.

Sunstone Metals has reported a 33% increase in its Bramaderos gold-copper resource to 3.6 million ounces gold equivalent, alongside a maiden 1.2 million ounce resource at El Palmar. The company is gearing up for renewed drilling and advancing strategic partnerships.

Magmatic Resources has launched a significant 5,000-metre diamond drilling campaign at its Myall copper-gold project, backed by Fortescue under a $3.5 million FY26 exploration budget. The program targets multiple promising porphyry-style deposits, aiming to build on earlier encouraging results.

S2 Resources has secured an earn-in agreement for up to 75% of the Loch Lilly-Kars project, a vast and largely unexplored multi-commodity exploration area in New South Wales with geological parallels to world-class mineral belts.

AusQuest Limited has significantly extended the copper-gold mineralised system at its Cangallo project in Peru through recent diamond and RC drilling, revealing depths beyond 800 metres and strike length exceeding one kilometre.

FMR Resources has completed its first deep drillhole at the Southern Porphyry target within the Llahuin Project JV, revealing geological features indicative of a large porphyry copper system. Ongoing analyses and geophysical surveys aim to refine the understanding of this promising discovery.

Sunstone Metals has announced a significant 33% increase in the Bramaderos Gold-Copper Project resource to 3.6 million ounces gold equivalent, alongside expanded exploration targets that hint at further growth potential.

Magmatic Resources has launched a $3.5 million exploration drilling program at its Myall FJVA Project in partnership with Fortescue, targeting promising gold-copper porphyry deposits. The program includes both aircore and diamond drilling, alongside a geophysical survey, with initial results expected in early 2026.

G50 Corp has initiated core drilling at its Golconda Project in Arizona, aiming to expand on a recent high-grade gold and silver discovery and explore new mineralisation zones. This move underscores the project's strategic importance amid growing demand for precious and strategic metals.

AusQuest’s diamond drilling at the Cangallo project in Peru has more than doubled the known depth of copper mineralisation, revealing a large-scale porphyry system with promising near-surface enrichment.

Kincora Copper has been awarded a $143,483 drilling grant from the NSW Government to advance exploration at its promising Wongarbon porphyry project, marking a key step in unlocking one of Australia’s significant copper-gold prospects.