Latest Base Metals Mining News

Adriatic Metals has confirmed ongoing discussions with Dundee Precious Metals regarding a possible takeover offer, marking the start of a formal offer period under the UK Takeover Code. While talks continue, no firm offer has yet been made.

Zinc of Ireland NL has kicked off its inaugural drilling campaign at the Mt Clere project in Western Australia, targeting the large and previously untested ‘Robin 21’ geophysical anomaly. This move revives interest in a site last partially explored by BHP nearly three decades ago.

Godolphin Resources has reported multiple high-grade drill results from its Lewis Ponds project, exceeding expectations and highlighting significant potential for resource growth. The company also secured $1 million in new equity funding to advance metallurgical testing and resource upgrades.

Lincoln Minerals has confirmed a significant mineralised system extending over 7km at its Minbrie Copper and Base Metals Project in South Australia, revealing multiple sulphide zones and substantial exploration upside due to limited historical assaying.

South32 Limited reported a strong first half of fiscal 2025, driven by improved operational performance and a streamlined portfolio following the sale of Illawarra Metallurgical Coal. The company announced a fully-franked interim dividend and maintained its production guidance despite some operational challenges.

Eagle Mountain Mining has closed its renounceable entitlement offer, raising $1.62 million to advance copper and base metals exploration at its Silver Mountain and Wedgetail projects in Arizona.

Coolabah Metals Limited is undertaking a $3-4 million capital raise to fund the acquisition of Broken Hill Mines Pty Ltd and its subsidiary, aiming to re-list on the ASX and focus on developing the Rasp and Pinnacles Mines.

AustChina Holdings has entered a binding agreement to acquire Penwortham Exploration, gaining access to promising gold-antimony and base metals projects in Tasmania’s prolific mining districts. The move positions AustChina to leverage modern exploration techniques on historically rich targets.

Galena Mining Limited reports a challenging December quarter at its 60%-owned Abra Base Metals Mine, marked by production declines and ongoing voluntary administration. The company appoints a new CEO for Abra and explores recapitalisation options to stabilise operations.

Godolphin Resources has completed its first phase of drilling at Lewis Ponds, intersecting significant massive and semi-massive sulphide mineralisation that could underpin an upgrade to its existing resource estimate.

Talisman Mining has successfully completed a six-hole drilling program at its Durnings Prospect, intersecting significant copper-gold and base metal mineralisation that confirms a large polymetallic system. Further assays and a new drilling campaign at Durnings East are underway, promising more insights into the project's potential.