Latest Base And Precious Metals News

Polymetals Resources Ltd has successfully completed a $15 million equity raise to replace debt and support the production ramp-up at its Endeavor Mine in New South Wales.

Battery Age Minerals has successfully raised $3 million to fund maiden drilling at its Bleiberg Germanium-Zinc Project in Austria and advance exploration at the El Aguila Gold-Silver Project in Argentina, attracting new investors and reinforcing its strategic position in critical minerals.

Aeris Resources has completed the drawdown of a $60 million Guarantee Facility from Washington H. Soul Pattinson, alongside an extension of its Term Facility, freeing up restricted cash and reinforcing its financial flexibility.

Mount Hope Mining has significantly expanded its footprint in the prolific Cobar Basin, NSW, by securing a new exploration licence that more than doubles its landholding. This strategic move targets key mineralisation structures and sets the stage for intensified exploration.

Iltani Resources has revealed promising preliminary results from its VTEM survey at the Herberton Project, identifying multiple new electromagnetic anomalies that could significantly expand the known silver-indium mineralisation. Drill testing is set to begin by mid to late July 2025.

Polymetals Resources has completed a major refurbishment of its Endeavor processing plant and begun producing saleable silver-lead and zinc concentrates, marking a key milestone in its operational ramp-up.

GR Engineering Services has landed a $77.6 million EPC contract to upgrade the Eloise copper processing facility in northern Queensland, marking a significant milestone in its project portfolio.

Polymetals Resources has officially commenced commercial production at its Endeavor silver zinc mine in Cobar, NSW, with zinc concentrate shipments set to begin in early July 2025. The company is progressing steadily toward ramping up output in the second half of the year.

Alara Resources has announced a private placement to raise A$3.4 million aimed at repaying a significant portion of its Trafigura loan, subject to shareholder approval. The move underscores strong backing from major shareholders and a strategic focus on financial stability.

Argent Minerals has identified three extensive VTEM anomalies at its Kempfield NW Prospect, including two untested trends, signaling significant potential to expand its flagship silver-base metals deposit in New South Wales.

Taruga Minerals' maiden soil geochemistry program at Thowagee reveals promising lead-dominant mineralisation and a significant gold anomaly, expanding exploration potential beyond historical limits.

M3 Mining Limited has announced significant board changes following shareholder requisitions withdrawal, appointing new directors and initiating a strategic review focused on operational discipline and shareholder value.