Latest Porphyry Systems News

LCL Resources has executed a binding agreement to divest its Colombian assets for A$10 million, while confirming a significant copper-gold porphyry discovery at its Dada project in Papua New Guinea.

Eagle Mountain Mining has strengthened its Silver Mountain copper project prospects, initiated tailings repurposing at Wedgetail, and launched a capital raise to reduce debt, while relinquishing Oracle Ridge mineral rights due to unaligned landowner terms.

Great Southern Mining Limited reports promising assay results from its Duketon Gold Project, extending high-grade gold mineralisation and identifying new anomalies, alongside a $2.4 million capital raise to fund ongoing exploration.

Augustus Minerals reveals encouraging molybdenum and copper intersections from deep diamond drilling at Minnie Springs, highlighting promising mineralisation trends within its Ti-Tree Project.

Canterbury Resources has unveiled compelling drilling results at its Briggs Copper Project in Queensland, confirming a new Southern porphyry discovery and extending higher-grade mineralisation zones. These findings feed into an updated resource estimate and a scoping study due mid-2025.

Belararox Limited has commenced a significant diamond drilling campaign at its TMT Project in Argentina, supported by a recent A$8.88 million capital raise that underpins its 2025 exploration programs across Argentina and Botswana.

Belararox Limited has validated the presence of a copper porphyry system at its Malambo prospect in Argentina through recent geophysical surveys, setting the stage for an imminent drilling campaign.

Surefire Resources NL has announced a significant extension of gold mineralisation at its Yidby Gold Project, now exceeding 500 metres in strike length. The company’s recent drilling and metallurgical test work support plans for a low-cost heap leach operation.

Waratah Minerals has reported significant progress in its Spur Gold-Copper Project, extending gold zones with over 4,700 metres drilled in the December quarter. Strategic board appointments signal a new phase for the company as it positions itself for further exploration success.

Ballymore Resources advances its Queensland exploration portfolio with a significant new gold-copper target beneath Dittmer and promising drilling results at Cedar Ridge and Ravenswood. Preparations for a deep drilling campaign at Dittmer are underway, signaling potential for a major resource upgrade.

Firetail Resources has identified a promising new porphyry-style copper target at its Picha Project in Peru, accelerating exploration with support from BHP’s Xplor program. Drill permitting for the high-grade Ichucollo target is progressing, setting the stage for a pivotal phase in the project’s development.

Southern Hemisphere Mining reports robust 2024 drilling results at its Llahuin Copper-Gold-Moly Project in Chile, extending the Cerro-Ferro system strike by 300m and revealing high-grade copper-gold intercepts. The company is advancing towards a Mineral Resource Estimate upgrade in the first half of 2025, with deeper diamond drilling planned.