Latest Base Metals And Gold News

G11 Resources has expanded its exploration footprint and reported a conceptual copper Exploration Target at Wilandra, while drilling near Tasmania’s Mt Lyell system continues. The company ended the year with $4.91 million in cash but remains loss-making and reliant on future funding to sustain exploration.

Australian Vanadium will pay $500,000 in cash, issue $1.25 million of shares and transfer a royalty to regain control of non-vanadium mineral rights at its Gabanintha project. The deal simplifies the project’s ownership structure, but the newly recovered nickel, copper and gold potential remains unproven and outside the current development case.

Aeris Resources delivered FY26 production within guidance while building a much larger investment program around Tritton, including the Constellation and Mallee Bull developments. The company enters FY27 with no debt, $202 million in cash and receivables, and a sharper test of whether higher spending can convert expanded resources into longer mine life and production.

TechGen Metals has wrapped up diamond drilling at its Blue Devil Project in East Kimberley, intersecting pyrite-rich sedimentary rocks and quartz-carbonate-pyrite zones that hint at an intrusive-related gold system. Initial assay results are due next month, potentially setting the stage for further exploration.

Pacific Resources has confirmed a new high-grade copper zone at its Dogwood project, with assays revealing the highest copper grade recorded to date alongside a first-ever polymetallic porphyry signature from laboratory tests.

Pacific Resources Limited (ASX: PXR) completed a strategic pivot in FY2026, acquiring the high-grade Snowstorm Gold Project in Victoria and expanding exploration in Tasmania, while maintaining its Queensland coal assets. The company reported a $769K loss on no operating revenue, supported by a $1.5 million capital raise.

Pacific Resources (ASX: PXR) has secured 100% ownership of the Snowstorm Gold Project, a high-grade asset in Victoria’s Eastern Goldfields, while progressing due diligence on a strategic Victorian portfolio and reporting encouraging assay results from its Tasmanian projects.

American West Metals is progressing its Storm Copper Project towards near-term production while expanding critical metals resources at West Desert, supported by a US$40 million financing and offtake deal.

Duketon Mining has delivered promising results from its maiden 6,000m drill program at Barlee, secured the Killarney Gold Project, and reported a combined nickel resource exceeding 102,000 tonnes across Rosie and C2 deposits.

Pacific Resources has completed its $400,000 acquisition of the Snowstorm Gold Project, gaining 100% ownership of the high-grade asset in Victoria’s Eastern Goldfields and expanding its regional footprint.

Advance Metals has reported its strongest combined silver-gold-copper interval to date at the Gavilanes Project in Mexico, alongside multiple high-grade silver zones. The mineralised system remains open at depth and along strike, underpinning plans for a JORC resource upgrade in late 2026.

G11 Resources has confirmed a significant 90m zone of hydrothermal alteration at its Zig Zag target in Tasmania, with further drilling and surveys underway to test the open-ended geophysical anomaly.