Latest Volcanogenic Massive Sulphide News

Cosmo Metals has raised $1.25 million through a discounted placement, setting the stage for maiden drilling at its high-grade Mona VMS copper-gold-silver prospect in northern NSW’s Bingara Project.

Azzuro Resources has locked in high-grade copper-gold zones at its Red Hill project in Mongolia, extending mineralisation over 550 metres of strike and 150 metres depth with new zones identified and Phase 2 drilling underway.

Tarrina Resources' Phase 1 drilling at Christmas Gift reveals potential VMS-style zinc and copper mineralisation alongside high-grade gold, broadening the project's exploration scope.

Almasar Minerals Limited (ASX:AMK) is launching an IPO to fund early-stage exploration across five licences in Saudi Arabia’s Arabian Shield, targeting gold and copper mineralisation.

Manhattan Gold Corporation’s latest drilling at the Jaws target within the Hook Lake Project delivers multiple broad gold intercepts with improved grades and thickness over historic data, extending mineralisation over 150 metres southwest and confirming significant upside potential.

Anax Metals has lifted the Mons Cupri Mineral Resource by nearly a quarter, underpinning its push towards a Final Investment Decision later this year.

S2 Resources is set to begin drilling at Warraweena in early October targeting gold and copper, while Loch Lilly prepares geophysical surveys and awaits drilling permits. Jillewarra drilling remains on hold pending regulatory and heritage approvals.

Pacific Resources Limited (ASX: PXR) completed a strategic pivot in FY2026, acquiring the high-grade Snowstorm Gold Project in Victoria and expanding exploration in Tasmania, while maintaining its Queensland coal assets. The company reported a $769K loss on no operating revenue, supported by a $1.5 million capital raise.

Azzuro Resources has defined maiden JORC (2012) Exploration Targets for its Oval Cu-Ni-PGE and Red Hill Cu-Au-VMS projects in Mongolia, revealing district-scale potential and planning a 14-hole drilling campaign to test priority bodies.

Leeuwin Metals has secured a joint venture deal with Arrow Minerals over key Pilbara tenements, gaining exposure to iron ore and copper prospects with no upfront exploration cost.

Kuniko Limited has extended the high-grade mineralised system at its Silica Hill prospect by approximately 100 metres through Phase 2 diamond drilling, highlighting significant resource growth potential ahead of a planned update.

Arrow Minerals has uncovered seven decades-old drill cores at the GSWA library, validating historical mineralisation at its Yarraloola Copper Project in WA's Pilbara and setting the stage for a targeted 2026 drilling campaign.