Latest Base And Precious Metals News

Aeris Resources has outlined a robust FY26 plan focusing on increased copper equivalent production and strategic asset management, aiming to enhance shareholder value through operational delivery and exploration.

New World Resources Limited has formally recommended shareholders accept Kinterra Capital's unconditional $0.067 per share takeover offer, following the withdrawal of a competing bid. The offer represents a substantial premium over recent trading prices and includes provisions for option cancellations and accelerated vesting of performance rights.

Prospech Limited has reported a 90% increase in its Korsnäs rare earth element resource in Finland, alongside progressing key metallurgical test work and exploring promising copper-gold targets in Slovakia.

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.

Pivotal Metals has expanded its exploration footprint at the Lorraine property in Quebec with a high-resolution magnetic survey, revealing new structural targets and potential mineralised intrusions. This development enhances the prospects for high-grade gold and copper-nickel-PGM discoveries in a prolific Canadian greenstone belt.

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.

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.