Latest Base Metals News

29Metals has withdrawn its full-year zinc production guidance following a seismic event at the Xantho Extended orebody in Western Australia, while maintaining outlooks for copper, gold, and silver.

Variscan Mines has successfully completed the majority of the second tranche of its $2.5 million capital raise, issuing over 330 million shares and nearly 200 million options to support its zinc-lead project in Spain.

Peel Mining has raised $18.75 million through a placement and share purchase plan, while appointing Tony Schultz as a new director to drive its copper and polymetallic asset strategy in the Cobar Basin.

Broken Hill Mines has completed underground access to the high-grade Main Lode ore body at its Rasp Mine, delivering exceptional drilling results and targeting first ore extraction by November 2025.

Cyclone Metals has restructured its management, appointing Paul Berend as CEO of the Iron Bear Project while the Board temporarily oversees corporate functions during the search for a new CEO.

Peel Mining has appointed a new leadership team with deep mining and capital markets expertise, aiming to unlock significant value from its copper and polymetallic assets in the prolific Cobar region. The company signals a strategic shift towards targeted exploration, regional consolidation, and disciplined growth.

Orion Minerals has taken a major step toward production by signing a non-binding term sheet with Glencore for up to US$250 million in financing and offtake agreements for its Prieska Copper Zinc Mine.

Redstone Resources has reported a significant copper intersection at its Chatsworth Prospect in Western Australia, revealing promising mineralisation that could signal a larger nickel-copper-cobalt system nearby.

Variscan Mines has acquired extensive historic drilling data over newly granted licences in northern Spain, revealing significant high-grade zinc and lead mineralisation and unlocking a district-scale exploration opportunity.

29Metals Limited reports promising high-grade copper and zinc drill results from its 2025 exploration program at Golden Grove, highlighting potential mine life extensions and resource growth opportunities.

Boab Metals has extended its option to acquire full ownership of the Sorby Hills Project to the end of 2025, while locking in critical commercial agreements and environmental approvals that pave the way for a final investment decision.

Boab Metals has obtained Federal environmental approval for its Sorby Hills silver-lead-zinc project, clearing a major hurdle towards development and a final investment decision later this year.