Latest Base Metals Exploration News

Altoro Metals, formerly Variscan Mines, has officially rebranded and is set to begin maiden diamond drilling at its Guajaraz polymetallic project in Spain, backed by a $5 million capital raise.

NewPeak Metals has completed the initial phase of its capital raising, issuing nearly 50 million shares for $0.64 million. A shareholder meeting is scheduled for August to approve a further $2.86 million conditional placement.

Variscan Mines has completed the second tranche of its $5 million placement, issuing over 1 billion shares at $0.004 each, with strong director participation and shareholder approval for options and a name change to Altoro Metals.

Maronan Metals has reported strong infill drilling results at its Maronan Project, intersecting shallow, high-grade silver-lead mineralisation just 250 metres north of the Starter Zone. This progress supports an accelerated 40,000-metre drilling campaign feeding into prefeasibility work.

Miramar Resources has reported fresh high-grade copper-lead-silver assay results from rock chip sampling at its Joy Helen prospect within the Chain Pool Project, reinforcing the potential for a significant SEDEX-style base metal deposit. The company awaits auger drilling results and is preparing for deeper bedrock drilling and geophysical surveys.

Variscan Mines is set to begin a 1,430-metre diamond drilling campaign at its Guajaraz polymetallic project in central Spain, aiming to test high-priority zinc and associated base metal targets and secure a tenement extension.

Infinity Mining has reported standout rock chip assays from its Hillside Project in Western Australia, revealing copper grades up to 9.4% and silver at 163 g/t over a 9km corridor. The results open the door for drilling in a historically underexplored area near Develop Global’s Sulphur Springs deposit.

Daly Resources has won $150,000 in Northern Territory Government funding to conduct a major airborne electromagnetic survey at its Broughton copper-zinc project, aiming to refine exploration targets in the McArthur Basin.

Ballymore Resources has expanded its high-grade silver-lead-zinc-indium discovery at Torpy's through 22 drill holes and a detailed gravity survey, revealing multiple new targets across the Ruddygore Project. Assays and 3D modelling are expected soon to guide further exploration.

Ballymore Resources has expanded its gravity survey at the Ruddygore Project, revealing several high-priority targets beyond its flagship Torpy’s discovery. The results validate prior drilling and set the stage for a busy exploration campaign backed by government funding.

Mantle Minerals has boosted its Carlton Hill Project by acquiring Far West Metals and securing a new exploration licence, positioning itself near Boab Metals' Sorby Hills deposit with promising base metal potential.

Miramar Resources' detailed gravity survey at the Joy Helen prospect reveals untested anomalies beneath known high-grade copper-lead-silver mineralisation, prompting plans for deeper drilling following pending auger assay results.