Latest Base Metals News

Orange Minerals confirmed significant deep volcanic massive sulphide mineralisation at Lennon’s Find in WA, secured ministerial consent for Ghana licence transfers, and completed a $1.675 million placement to fund exploration.

Talonx Resources (ASX: TXR) reported robust drilling results at its Viking and Blair North gold projects, highlighting a high-grade shallow oxide gold zone at Viking’s Beaker 2 prospect. The company also advanced exploration and licence renewal efforts at its Kihabe zinc-lead-silver project in Botswana, closing the quarter with $0.72 million cash.

Godolphin Resources has unveiled a significant polymetallic sulphide discovery at Cousin Jack within its Lewis Ponds Project, alongside progressing an IPO to spin out its Narraburra Rare Earths asset into Matrix Critical Minerals.

Sunshine Metals has reported strong progress at its Queensland projects, highlighted by high-grade drilling results at Liontown, acquisition and planned upgrade of the Mt Moss processing facility, and a strategic divestment of Hodgkinson. The company bolsters its cash position through a $22 million capital raise to fund development and exploration.

Oceana Metals has validated extensive high-grade rare earth mineralisation at its Serra Negra project in Brazil, underpinning a major drilling campaign backed by a $20 million capital raise.

Anax Metals has secured $16 million through placements to fund exploration and development at its Whim Creek Project, with diamond drilling commenced and FEED launched ahead of a targeted Final Investment Decision in Q4 2026.

Odessa Minerals has reported encouraging exploration results at its WA projects, confirming potential carbonatite-hosted rare earth elements and new base metal anomalies, while securing $2.65 million in fresh capital to fund a maiden 10,000m drilling campaign and project acquisitions.

AusQuest has confirmed a continuous 1.5km copper-gold mineralised corridor at its Cangallo project in Peru, with broad intercepts and emerging high-grade zones. Diamond drilling has begun, revealing significant vertical extent and setting the stage for deeper exploration.

Infinity Mining has reported standout exploration results with rock chips grading up to 48.7% antimony and 1.35g/t gold at its Victorian Tanjil Dome project, alongside high-grade copper and silver assays at its Hillside project in the Pilbara.

Miramar Resources has doubled its gold Exploration Target at the Gidji JV near Kalgoorlie and completed its first drilling program at Chain Pool in over 60 years, while finalising the sale of Randalls Project and securing government grants to fund ongoing exploration.

Metals Australia has reported maiden ore reserves and strong economic studies for its Lac Carheil Graphite Project in Quebec, with a combined after-tax NPV of AUD 2.56 billion, positioning the company for a strategic revaluation as it advances feasibility studies.

Pantera Minerals has solidified its position in the US antimony market with exceptional assay results at its Gillham Project, while its strategic investment in EnergyX has surged in value following a capital raise price increase.