Latest Base Metals News

Aurelia Metals has successfully met its FY25 production guidance across all key metals while strengthening its cash position to A$110 million, setting the stage for upcoming growth projects including the Great Cobar development.

Orion Minerals has raised approximately A$5.8 million through a share placement and loan conversions, while launching a Share Purchase Plan targeting an additional A$4 million to fund key copper projects.

New World Resources has replaced its previously proposed scheme with a recommended off-market takeover bid from Central Asia Metals at A$0.062 per share, with the Board urging shareholders to accept. The deal includes a US$6.5 million loan facility and matches a rival offer from Kinterra.

Anax Metals has mutually withdrawn its arbitration against a cornerstone investor over exclusive marketing rights, keeping its convertible notes valid and avoiding immediate financial disruption.

Alma Metals has completed a $388,000 placement of nearly 97 million shares following its recent rights issue, issuing a cleansing notice to confirm regulatory compliance.

Horseshoe Metals Limited will lift its trading suspension immediately following the release of details on a new capital raising, signaling a pivotal moment for the base metals miner.

Horseshoe Metals Limited has requested a voluntary suspension of its shares on the ASX to complete a capital raising, with trading expected to resume by 1 July 2025.

NewPeak Metals has officially appointed Mark Purcell as Managing Director, with David Mason stepping into a Non-Executive Director role, marking a key leadership transition for the base metals miner.

Develop Global Limited has launched a A$180 million equity placement to fast-track production and extend mine life at its Woodlawn and Sulphur Springs projects, positioning itself as a leading copper and base metals player on the ASX.

Develop Global Limited has raised $180 million through a well-supported institutional placement to accelerate development at its Sulphur Springs and Woodlawn projects, aiming to extend mine lives and capitalize on new partnership opportunities.

Indiana Resources Limited has announced a proposed capital return of five cents per share, backed by a draft ATO ruling confirming its tax-efficient status. The company plans a $32.2 million cash distribution, maintaining a strong balance sheet post-payment.

American West Metals has completed a A$14 million funding round, including a share purchase plan, to accelerate exploration and feasibility studies at its Storm Project. The company is now fully funded to pursue drilling programs targeting copper resources and new discoveries.