Latest Mining And Metals News

Lithium Universe’s CEO and chief technical officer will leave on 30 October, prompting a search for a new chief executive while the company advances its lithium refining and recycling plans. No interim CEO or successor has been announced.

Latrobe Magnesium has disclosed an ASX Listing Rule 7.1 breach linked to its A$8.5 million capital raising, affecting 37.7 million broker-underwriter options that have not yet been issued. The company says no securities issued to date are affected and has begun remediation as its entitlement offer approaches its closing date.

Rio Tinto’s third-quarter production update put its growth assets in the spotlight, with Oyu Tolgoi copper up 29% year to date and Simandou reaching a 10 Mtpa annualised run-rate. The miner maintained its 2026 production and unit-cost guidance while reporting more than US$2 billion of capital release arrangements.

Hammer Metals has dispatched an amended scheme booklet after correcting several computational errors in performance-rights valuations and director-interest disclosures. The proposed Austral takeover remains unchanged, with shareholder votes scheduled for 9 November and the independent expert’s favourable conclusion intact.

ACDC Metals enters FY27 with a larger Nevada exploration footprint and a 10-year licence over its Goschen Central rare earths project, but a sharply higher annual loss and ongoing funding needs remain part of the picture. The company plans up to 2,500 metres of reverse-circulation drilling at Mount Jackson in Q4 CY2026.

Basin Energy’s maiden drilling at Newmans has outlined a 3.3 km shallow magnet rare earth corridor within its expanding Sybella-Barkly project. But the ASX-listed explorer remains pre-revenue, reported a larger annual loss and faces a material uncertainty over its ability to continue funding operations.

Renegade Exploration has sharpened its portfolio around Nevada and Yukon exploration, with several targets moving towards drilling after high-grade surface results. But the ASX-listed junior ended FY2026 with just $59,869 in cash and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Latrobe Magnesium has moved its demonstration plant into the final installation stage for magnesium metal, but its annual report flags a material uncertainty over whether the loss-making group can continue as a going concern. The company had $1.09 million in cash at 30 June and has since secured an $8.5 million equity raising to fund commissioning and corporate costs.

Narryer Metals has advanced its Australian critical-minerals portfolio and agreed to acquire the Redhill Copper Project, but its FY2026 accounts flag a material uncertainty over continued funding. The company ended the year with A$1.36 million in cash after a A$1.32 million loss attributable to shareholders.

Infinity Metals has reported a sharply smaller FY2026 loss as it shifts its exploration focus towards the United States and Australia. The pivot follows rejection of its San José mining licence application, a A$2.25 million placement and a growing portfolio of early-stage copper, molybdenum and tin targets.

Eastern Resources has placed its Queensland Marengo Gold Project at the centre of its exploration strategy after 54 of 60 rock-chip samples returned more than 0.1 ppm gold, including a peak of 12.3 ppm. The company remains an early-stage explorer, with no JORC Mineral Resource yet defined and A$3.27 million in cash at year-end.

Latrobe Magnesium has received a non-binding US$15 million Letter of Support from a confidential US financial institution for the feasibility study on its proposed 50 ktpa South Carolina magnesium plant. The funding remains conditional on matching finance, due diligence, approvals and definitive agreements.