Latest Waratah Minerals (ASX:WTM) News

Waratah Minerals has unveiled robust shallow high-grade gold results from its Spur Project in NSW, confirming a continuous 6km mineralised corridor and setting the stage for diamond drilling in late 2026.

Small-cap resources stocks led the week, while takeover activity and strong company results added to the gains. Wellnex Life more than doubled, but sharp falls in Trek Metals and Ionic Rare Earths showed that positive news did not always bring buyers.

Materials shares delivered another strong week, led by a 60.61% rise at iTech Minerals and major gains across gold, copper and critical minerals.
Investors rewarded fresh drilling results, larger mineral resources, project approvals and new supply agreements, although several heavily sold stocks showed that early buying did not always last.

Waratah Minerals has unveiled compelling reverse circulation drilling results linking its Alpine and Gazzards prospects to Spur and Consols, establishing a continuous 6km gold corridor in New South Wales. The findings highlight shallow, high-grade gold mineralisation and set the stage for diamond drilling in late 2026.

Waratah Minerals expanded its Spur Gold Project drilling with 12 rigs, confirming extensive high-grade gold zones and consolidating the district through strategic acquisitions. A $48 million capital raise underpins ongoing exploration.

Waratah Minerals has reported multiple shallow, high-grade gold intersections at its Spur Gold Zone in New South Wales, confirming continuity over 300m strike and 350m depth. The drilling expands the mineralised footprint, advancing the project towards a shallow resource estimate.

Waratah Minerals (ASX:WTM) has delivered robust drilling results from its Consols Zone at the Spur Project, extending high-grade gold mineralisation across multiple directions and depths. Notable intercepts include a 144m run at 1.49 g/t Au, underpinning the project's district-scale potential.

Mining news drove the week, with drilling hits, funding wins and takeover bids pushing several small and mid-cap names sharply higher or lower. The biggest swings came from tin, platinum group metals and copper, while gold M&A in WA stayed at the centre of trading.

Big movers came from drill hits, takeover bids and fresh funding, but several stocks still fell even after good news. That mix says investors are rewarding clear near-term value, while punishing names where timing, cost or delivery still feel uncertain.

Waratah Minerals has completed the A$1 million acquisition of the Ironclad Mining Lease in New South Wales, expanding its strategic Spur Gold Project footprint with a high-grade, historically significant gold asset. The company is accelerating exploration with diamond drilling and plans to scale up its rig fleet to unlock the lease’s potential.

A tiny gold explorer, a battery materials stock and a biotech name led a week packed with dealmaking, drilling news and fresh funding. Resources did most of the heavy lifting, while several big gaps either held firm or gave back part of their early jump.

Speculation ran hottest in junior resources, where drilling hits, study results and funding deals drove some extreme weekly moves. Rare earths, gold and dealmaking set the pace, while several capital raisings and acquisitions produced mixed reactions.