The Canberra Times - Business

Augustus Minerals has hit a 71-metre-wide gold zone from 15m deep at its Music Well project in WA, with the rods now spinning at a new target with rock chips up to 30.4g/t.

Orbit Resources has started partner-funded drilling at its Goodrich copper-gold project in NSW, targeting extensions to a previous porphyry discovery that hit 136.55m of mineralisation.

Larvotto Resources has hit high-grade gold-antimony up to 9.61g/t gold equivalent at the Freehold prospect in its NSW Hillgrove project, doubling the mineralised strike to 700m.

Locksley Resources has grown its NSW copper-gold footprint to 1,000sq km after securing a new licence hosting an undrilled 10km geological structure on the prospective Tritton Trend.

TSX-listed Rio2 Ltd banked US$115M in quarterly revenue and US$50M in EBITDA as its Peruvian copper mine delivered and its weather-affected Chilean gold continued to ramp up in Chile.