Latest Australian Critical Minerals News

Australian Critical Minerals says one extended drill hole at its Flint project in Peru has strengthened the case for a near-surface epithermal system and a deeper concealed porphyry target. The interpretation remains conceptual, with no economic-grade intersections or mineral resource reported.

Terrain Minerals has reported metallurgical leaching results from its Larin’s Lane Prospect showing rare-earth element recoveries up to 99% using methanesulphonic acid, alongside promising scandium and gallium extraction, setting a technical foundation for resource development.

Basin Energy has kicked off follow-up drilling at its Newmans rare earth discovery in northwest Queensland, aiming to confirm continuity along a 3.3 km mineralised corridor. Assay results are expected by mid to late September, marking the start of a busy second half of 2026 for the company.

Larvotto Resources has kicked off processing at Hillgrove's Metz mine while securing the Blockade Copper Mine and moving to acquire Hammer Metals, broadening its critical minerals portfolio.

Australian Critical Minerals has completed its initial diamond drilling at the Flint Project in Peru, revealing a substantial high-sulphidation hydrothermal system and signs of porphyry-style mineralisation. Assay results from the standout drill hole are awaited, with further drilling planned to explore the system’s broader extent.

VHM Limited has secured a binding rare earths offtake and a A$40 million convertible note from Iluka Resources, underpinning the Goschen Project's path to production by late 2027.

VHM Limited has locked in a binding offtake agreement covering 100% of rare earth concentrate from its Goschen Project and secured A$40 million in convertible note funding from Iluka Resources, advancing the project towards final investment decision.

Iluka Resources has locked in a long-term supply deal with VHM Limited for rare earth concentrate from the Goschen project, underpinning its Eneabba refinery feedstock with a $40 million convertible note commitment to aid project development.

Basin Energy's maiden drilling at Newmans Prospect outlines a 3.3 km corridor of magnet rare earth mineralisation, validating a preserved-weathering exploration model and identifying two priority target zones for follow-up.

Larvotto Resources is set to acquire Hammer Metals in a $54 million all-scrip deal, expanding its Mt Isa copper portfolio to over 530,000 tonnes of copper equivalent and backed by a $15 million strategic placement from Glencore.

Basin Energy has lodged a new exploration licence application adjacent to its Sybella-Barkly Rare Earth Project in northwest Queensland, enlarging its rare earth target area amid promising early drilling results and government support.

Arafura Rare Earths has committed to constructing the Nolans Rare Earths Project, Australia's first fully integrated ore-to-oxide operation, backed by binding offtake deals and sovereign financing. Construction is slated to start in September 2026, positioning Nolans as a strategic node in global rare earth supply chains.