Latest Base Metals Sector News

Alchemy Resources is set to begin reverse circulation drilling at its Roe Hills lithium project in Western Australia, following promising aircore results. The drilling forms part of a joint venture with JOGMEC, aiming to unlock significant lithium potential along a major structural trend.

Sunshine Metals has received a $634,302 first and final dividend from the liquidation of Pluton Resources, unlocking funds to progress exploration at its promising Sybil and Liontown gold projects.

IRIS Metals Limited has had its trading suspension lifted following the announcement of a new transaction and an update on its capital raising efforts, signaling renewed momentum for the base metals miner.

AusQuest and South32 have extended their Strategic Alliance Agreement for two more years, securing continued funding and collaboration on Australian copper and zinc projects. South32 will fund exploration to advance projects to drill-ready status and can earn up to 80% interest through staged investments.

Lightning Minerals Ltd is set to launch a fully funded Phase 2 drilling campaign at its Mt Turner Gold Project in Queensland, following Phase 1 success that revealed a large mineralised system along a 12km strike of the Drummer Fault.

Antares Metals Limited (ASX, AM5) has announced a significant acquisition of gold and base metals assets in Western Australia, positioning itself for a maiden drilling campaign in early 2026.

QGold Pty Ltd has initiated an unconditional on-market takeover offer for all remaining shares of Venus Metals Corporation at $0.17 per share, aiming to consolidate control by mid-January 2026.

29Metals has awarded a $253 million mining contract to Byrnecut for the Gossan Valley project, aiming for first ore by the end of 2026 and enhancing Golden Grove’s production profile.

Dalaroo Metals has appointed seasoned mining executive John Morgan as CEO, signaling a strategic push to advance its exploration projects across multiple continents. His performance-linked incentives align leadership rewards with shareholder value creation.

Litchfield Minerals has confirmed a substantial 91-metre copper-zinc mineralised zone at its Oonagalabi project, reinforcing the presence of a large-scale, continuous system with significant exploration upside.

29Metals Limited has reported promising high-grade copper, zinc, and gold resource extension drilling results at its Golden Grove mine, revealing potential for significant mine life extensions and a large mineralised system at depth.

Aeris Resources has secured $80 million through an institutional placement and launched a $10 million share purchase plan, aiming to repay debt and accelerate key exploration projects.