Latest Base Metals News

Aldoro Resources has secured A$4.3 million through unsecured convertible notes, providing funding to accelerate development at its Kameelburg Critical Minerals Project and exploring a potential Hong Kong Stock Exchange listing.

Desert Minerals is kicking off a 1,000-metre RC drilling campaign at its Mt Monger Gold Project, targeting extensions to a 16,400-ounce inferred resource at the Providence Prospect. The project’s strategic location near operating mines and multiple untested targets underpin the company’s growth ambitions.

Connected Minerals is set to acquire Frontier Group, gaining control of an 80% stake in the high-grade Bailundo carbonatite project in Angola, backed by a $4.5 million capital raise and planned drilling.

South32 has outperformed its FY26 production guidance, boosted quarterly sales by 15%, and announced a strategic sale of aluminium assets to Alcoa for up to US$5.6 billion, pivoting towards a base metals-focused portfolio.

Aurelia Metals (ASX: AMI) exceeded its FY26 gold production guidance, delivering 50.4koz of gold and reporting its highest quarterly operating cash flow since 2018. The company also secured a new $150 million financing facility, bolstering liquidity as it advances key growth projects.

Nordic Resources (ASX:NNL) has reported new drill results extending gold-copper mineralisation 30-100m beyond the current resource boundary at its Kopsa project in Finland, with geophysical data suggesting depth continuity. The company plans further drilling and a resource update in 2026.

BHP delivered record iron ore volumes and stable copper production of around 2 million tonnes in FY26, underpinned by disciplined cost control and a robust growth pipeline including the Ministers North project.

Cobalt Blue has completed a key metallurgical sampling program at its Halls Creek Project, setting the stage for an updated Scoping Study and increasing its interest to 75%.

Lodestar Minerals has expanded its Virgin Mountain project in Arizona by 40%, locking in a 5 km corridor of high-grade heavy rare earth mineralisation highlighted by rock chip assays reaching 14.68% TREO with a 59% heavy rare earth oxide content.

Lincoln Minerals has kicked off air core drilling at its Minbrie Copper Project in South Australia and secured a $3.1 million placement from a strategic investor to fund exploration and follow-up drilling.

Maronan Metals has reported strong infill drilling results at its Maronan Project, intersecting shallow, high-grade silver-lead mineralisation just 250 metres north of the Starter Zone. This progress supports an accelerated 40,000-metre drilling campaign feeding into prefeasibility work.

Sunshine Metals has boosted its Liontown gold-silver resource in Queensland, increasing contained gold by 13%, silver by 21%, and overall tonnes by 28%, underpinning plans for mid-2027 gold production at the Mt Moss facility.