Latest Porphyry Systems News

AusQuest Limited has initiated a significant Stage 2 drilling campaign at its Cangallo copper-gold project in Peru, aiming to expand promising mineralisation and pinpoint the porphyry system’s core. Initial assay results are anticipated within two months.

Australian Rare Earths Limited (AR3) has expanded its Overland Project by approximately 2,000 km², unveiling new copper-gold basement targets alongside ongoing uranium exploration in the highly prospective Delamerian region of South Australia.

Kincora Copper Limited has unlocked over A$110 million in partner funding through six strategic deals, advancing extensive drilling programs across its copper-gold projects in New South Wales and Mongolia. The company’s project generator model is driving exploration momentum with key partners including AngloGold Ashanti and innovative collaborators like Earth AI and Fleet Space.

Magmatic Resources reports promising drilling results at the Calais prospect within its Myall Project JV with Fortescue, hinting at a significant new copper-gold porphyry discovery. Further drilling is planned to refine the geological model and explore the system’s potential.

Godolphin Resources has partnered with Canadian explorer Great Plains Metals to advance its Yeoval and Goodrich copper-gold projects through a staged earn-in and joint venture agreement.

American West Metals is ramping up exploration and development at its West Desert Project in Utah, targeting critical metals like indium, molybdenum, and gallium amid supportive US government policies and tightening Chinese export controls.

Cannindah Resources has confirmed two untested porphyry copper-gold-molybdenum targets outside its existing 14.5Mt Mineral Resource at Mt Cannindah, revealing promising high-grade surface samples and setting the stage for deeper drilling.

Orbminco Limited has initiated geophysical surveys at its Bronze Fox Copper-Gold Project in Mongolia, setting the stage for a targeted drilling program in Q3 2025 focused on high-grade copper-gold zones.

Ballymore Resources has won $400,000 in Queensland government grants to accelerate exploration at its Dittmer Project, targeting significant copper-gold porphyry systems beneath historic mines.

Antilles Gold’s joint venture has inked key offtake agreements for all gold and copper/gold concentrates from the Nueva Sabana mine, boosting project financing prospects.

Hot Chili Limited has announced a significant expansion of its La Verde copper-gold porphyry discovery in Chile, doubling the known mineralisation footprint and confirming multiple higher-grade zones. The discovery remains open for further growth with phase-two drilling planned.

Tolu Minerals has secured a key exploration license in Papua New Guinea, revealing five fresh copper-gold targets from advanced airborne geophysics, while appointing renowned porphyry expert Doug Kirwin to its advisory board.