Latest Base Metals News

Kuniko Limited has started Phase 2 diamond drilling at its Commonwealth-Silica Hill Gold-Silver Project in NSW, aiming to extend high-grade mineralisation and explore a broader 5km² mineralised system. Assay results are due in September, with a resource update planned for late 2026.

Antipa Minerals has pushed the Fiama North lode to 160 metres strike and 200 metres depth at its Minyari Project, delivering promising gold-copper assay results and advancing a major 41,000-metre drilling campaign.

Sabre Resources has secured $2 million in a placement to fund drilling across its newly acquired 4,000km2 copper and gold projects near Tennant Creek, targeting high-potential IOCG and gold mineralisation.

Miramar Resources has reported fresh high-grade copper-lead-silver assay results from rock chip sampling at its Joy Helen prospect within the Chain Pool Project, reinforcing the potential for a significant SEDEX-style base metal deposit. The company awaits auger drilling results and is preparing for deeper bedrock drilling and geophysical surveys.

Raptor Metals has validated a large-scale copper system at its Chester Project in Canada, delivering some of the broadest and highest-grade intercepts from its maiden diamond drilling program and revealing significant resource expansion potential.

Hawk Resources has launched an options offer following a $3 million placement, aiming to fund exploration at its scandium and copper projects in Australia and the US.

Variscan Mines is set to begin a 1,430-metre diamond drilling campaign at its Guajaraz polymetallic project in central Spain, aiming to test high-priority zinc and associated base metal targets and secure a tenement extension.

Golden Deeps is launching a deeper diamond drilling campaign at its Graceland Prospect in Namibia, targeting high-grade copper-silver-zinc-germanium sulphide zones identified by geophysical surveys beneath known gossans.

Broken Hill Mines (ASX: BHM) posted its highest quarterly ore throughput since 2020, powered by the Pinnacles Mine restart and a multi-source ore feed strategy advancing plant utilisation and production growth.

Godolphin Resources is launching an IPO for Matrix Critical Minerals to unlock value in its Narraburra Rare Earths Project, targeting a $8-12 million raise and ASX listing in H2 2026.

Red Mountain Mining has identified a significant chargeability anomaly extending over 400m at its Oaky Creek South prospect, setting the stage for a 32-hole drilling campaign starting mid-July 2026.

Eastern Resources has reported strong gold assay results from its maiden rock chip sampling at the Marengo Gold Project, Queensland, with multiple samples exceeding 5 g/t Au and a peak of 12.3 g/t Au, reinforcing the project's shallow high-grade potential.