Latest Sulphide Mineralisation News

Dalaroo Metals has expanded its Bondoukou campaign to a fully funded 12,000 metres after early Wilfred assays included 18 metres at 7.31 g/t gold. The September quarter also delivered four new Greenland prospects, stronger Watheroo copper-nickel targets and an A$2.5 million capital raising.

Impact Minerals is recasting itself as a high-purity alumina developer, with Lake Hope advancing towards a definitive feasibility study and Alluminous reaching pilot-plant milestones. But the annual report also flags a material uncertainty over funding, while a board refresh and managing director departure add to the company’s transition.

Orbit Resources has extended its Lewis Ponds exploration story with new sulphide intersections, an out-of-resource Quarry Lode result and improved metallurgical prospects. The progress comes alongside a cash balance of A$1.743 million, equivalent to just 0.89 quarters of funding at the reported expenditure rate.

MB Gold has finished its latest Marble Bar drilling campaign with assays pending, while a geophysical survey has opened several deeper targets across the project. The explorer ended September with $4.84 million in cash after spending $1.19 million on exploration during the quarter.

Norfolk Metals ended FY2026 with a sharply higher loss, just A$807,974 in cash and a material uncertainty over its ability to continue as a going concern. Its proposed Chilean copper expansion now depends on a minimum A$75 million capital raising, ASX re-compliance and completion of the Ciclón and Condor transactions.

Azzuro Resources has outlined conceptual exploration targets of up to 55 million tonnes across two Mongolian copper projects, while a strategic investment from Kerry Resources Logistics provides fresh funding for the next phase. The quarter also delivered high-grade Red Hill drilling, but the targets remain short of Mineral Resource status and quarter-end cash was only A$1.615 million.

Parbo Resources has completed a 4,737-metre maiden aircore programme at Brians Mill less than six weeks after listing on the ASX. The Western Australian explorer is now awaiting assays while a second 7,500-metre programme advances at Mount Padbury.

Sandfire Resources has extended high-grade polymetallic sulphide mineralisation at its La Juliana prospect in Spain, with drilling confirming 160 metres of strike and electromagnetic surveys indicating potential for at least 350 metres. The exploration result arrived alongside a steady first-quarter operating performance, with FY27 guidance retained.

Western Mines Group has increased the Mulga Tank resource to 2.647 billion tonnes at 0.27% nickel, containing 7.2 million tonnes of nickel. The major exploration milestone now faces its more consequential test: whether a large, low-grade and unconstrained resource can support an economic mine.

Rio Tinto may spend up to A$46 million exploring LCL Resources’ Liamu project in Papua New Guinea for an eventual 80% stake. The initial programme will target undrilled gold-copper ground at Dada, while Rio Tinto weighs whether to advance the high-grade Ubei prospect.

OZZ Resources has completed its return to the ASX with a new critical minerals focus, but its $3.884 million cash balance is yet to translate into Bedaburra exploration spending. The company is now seeking to expand the Western Australian project while it rebuilds its exploration pipeline.

Centaurus Metals has identified more than 20 drill-ready copper-gold targets across its expanded 75km² Boi Novo Project in Brazil. The pipeline includes eight priority prospects at Rio Novo and 13 additional targets at the original Boi Novo tenure, but the results remain an exploration story rather than a new discovery or resource estimate.