Top 5 Resources: Gold and Copper Take the Lead as Cobalt Awakens from Dormancy

March 31, 2025 11:00 AM AEDT | By Team Kalkine Media

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Top 5 Resources: Gold and Copper Take the Lead as Cobalt Awakens from Dormancy — Image source: shutterstock

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Highlights

Norfolk Metals secures an earn-in agreement for a copper project in Chile’s Atacama region.

Besra Gold updates mineral resources for its Jugan project in Malaysia.

The cobalt sector experiences increased activity following supply chain disruptions.

Norfolk Metals (ASX:NFL) has entered into an earn-in and option agreement to acquire the Carmen copper project, located in the Atacama region of Chile. The concession spans an extensive area within Huasco province, recognized for significant copper deposits. This initiative provides access to copper oxide resources with identified drill targets that have exhibited high-grade results. The company’s strategic move into this region has been met with market enthusiasm, leading to an increase in its stock valuation.

Besra Gold Updates Jugan Project Resource Estimates

Besra Gold (ASX:BEZ) has announced an updated mineral resource estimate for the Jugan project in Malaysia. The resource now includes a higher proportion categorized as measured and indicated, reinforcing the viability of a hybrid open-pit and underground mining strategy. As gold prices continue to attract attention, interest in exploration projects such as Jugan remains notable within the industry.

Breakthrough Minerals Focuses on High-Grade Gold Exploration

Breakthrough Minerals (ASX:BTM) has secured the Errolls Gold Project in Western Australia’s Murchison region. With a history of high-grade gold production, this acquisition adds multiple drill targets that align with the company’s broader exploration objectives. Recent financial commitments have demonstrated confidence in the company’s approach, emphasizing its expanding footprint in the region.

Cobalt Sector Reacts to Market Shifts

The cobalt market has undergone a shift following temporary export restrictions in the Democratic Republic of Congo. These developments have contributed to an increase in demand and pricing, impacting companies engaged in cobalt resource development. Latitude 66’s KSB project in Finland features a notable cobalt deposit, placing it within an evolving market landscape where supply constraints are influencing broader industry activity.

Industry Developments and Market Adaptation

The resources sector remains dynamic, with companies advancing mineral exploration and project development across multiple regions. Copper, gold, and cobalt markets continue to evolve as industry participants navigate changes in resource availability, regulatory conditions, and commodity trends. Monitoring these changes offers insight into the ongoing activity shaping the sector’s landscape.

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