Latest Base Metals News

Antony Sage, founding director of Cyclone Metals, has lodged an application with the Takeovers Panel alleging coordinated shareholder actions to alter the board without proper disclosure. The dispute intensifies as Cyclone schedules a new meeting to consider further director removals.

IRIS Metals Limited has had its trading suspension lifted following the announcement of a new transaction and an update on its capital raising efforts, signaling renewed momentum for the base metals miner.

KGL Resources has appointed Sam Strohmayr as its new CEO, bringing deep global mining expertise, while also establishing a new operations office in Darwin to bolster stakeholder engagement.

Boab Metals reveals a significant A$25 million capital cost reduction and a six-month faster construction timeline for its Sorby Hills Lead-Silver Project, bolstered by tender results and secured financing.

Anax Metals has completed a $2.4 million strategic placement by issuing over 219 million shares to Gold Valley Pilbara, strengthening its capital base. The placement was executed under existing capacity and accompanied by a cleansing notice confirming regulatory compliance.

Orion Minerals has responded to an ASX price query following a recent uptick in its share price, confirming no undisclosed material information exists while highlighting ongoing financing talks with Glencore.

Antares Metals Ltd has been reinstated to ASX trading following its announcement of a proposed acquisition and capital raising, signaling a pivotal moment for the base metals miner.

QGold Pty Ltd has initiated an unconditional on-market takeover offer for all remaining shares of Venus Metals Corporation at $0.17 per share, aiming to consolidate control by mid-January 2026.

Andromeda Metals has initiated early site works at its Great White Project following the lodgement of a $3.79 million rehabilitation bond and environmental compliance payments. This milestone marks a key step toward advancing the project’s development in South Australia.

QGold Pty Ltd has initiated an unconditional on-market takeover bid for Venus Metals Corporation at $0.17 per share, aiming to consolidate its 26.4% stake by acquiring the remaining shares through a market purchase strategy.

Sunshine Metals Limited has voluntarily suspended trading of its shares pending a Supreme Court decision on a regulatory compliance issue related to a recent share issuance.

29Metals has awarded a $253 million mining contract to Byrnecut for the Gossan Valley project, aiming for first ore by the end of 2026 and enhancing Golden Grove’s production profile.