Latest Base Metals Sector News

Central Asia Metals has increased its cash offer for New World Resources shares to A$0.055 and acquired a 5% stake through on-market purchases, signaling renewed momentum in the takeover bid.

Coolabah Metals has closed its $20 million public offer early due to strong investor demand, setting the stage for its acquisition of Broken Hill Mines and a forthcoming ASX relisting under a new name.

DeSoto Resources has commenced earthworks and is preparing to launch its maiden drilling program at the Spectrum REE-Au-Cu Project in the Northern Territory, targeting promising copper, gold, and rare earth element prospects.

Torque Metals has completed its acquisition of Aston Minerals through court-approved schemes of arrangement, leading to Aston's delisting from the ASX and a reshaped leadership team for the combined entity.

Medallion Metals has reported significant extensional drilling results at its Gem deposit, pushing high-grade gold-copper-silver mineralisation up to 80 metres beyond current resource boundaries and reinforcing plans for near-term sulphide development.

Anax Metals has locked in a $3.3 million convertible note investment from Mineral Development Partners, with conditional commitments for up to $100 million to advance the Whim Creek Project and establish a Pilbara base metals hub.

Legacy Minerals has reported compelling new assay results from historic diamond drilling at its Drake Project in NSW, confirming broad, high-grade gold and base metal mineralisation that supports resource growth and robust economics.

Patronus Resources has upgraded its Mertondale gold Mineral Resource Estimate to 480,000 ounces and is progressing a Scoping Study, while also identifying strong VMS potential at its Cardinia Project and expanding strategic investments.

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.

Ausmon Resources Limited reports steady progress in rare earth and base metals exploration across Australia, with key drilling programs planned for 2025 despite a tight cash position.

Orion Minerals advances its Definitive Feasibility Studies for the Flat Mines and Prieska Copper Zinc projects, with independent reviews underway and production targeted for 2026.

Bellavista Resources has secured nearly A$5 million in capital to fund due diligence on advanced precious and base metal projects, while maintaining a strong cash position and progressing exploration at its Brumby Deposit.