Latest Base Metals News

Sunshine Metals reveals a robust Mining Study at its Liontown Project in Queensland, targeting shallow oxide gold with initial production of approximately 75,000 ounces of gold and 654,000 ounces of silver, generating an estimated net operating cashflow of $163 million. High-grade drilling results and a $202K government grant support ongoing exploration and development.

Loyal Metals Ltd has entered a binding scheme implementation deed with Indonesia’s PT Bumi Resources Tbk to sell all shares for A$0.45 each, valuing the company at approximately A$79.1 million. The transaction offers shareholders an immediate cash premium of over 40% and is supported by Loyal’s board and major shareholders.

Nordic Resources (ASX:NNL) has completed its assay reporting for the 2025 Kopsa drilling program, revealing a new higher-grade stockwork zone and multiple mineralised extensions outside current resource boundaries. Drilling has resumed at Kopsa and Kiimala, with metallurgical testing underway and an updated resource estimate due in Q3 2026.

Infinity Metals continues to push forward with exploration in Australia while awaiting critical mining licence feedback for its San Jose Lithium Project in Spain amid regional government delays.

CGN Resources has significantly boosted its Western Australian gold portfolio by securing the Desdemona Project from Patronus Resources, setting the stage for a maiden drilling campaign at Christmas Well and Panhandle projects in May 2026.

Rimfire Pacific Mining has confirmed significant gold and antimony mineralisation at its Windy Ridge prospect through resampling of diamond drill core dating back 40-50 years. The findings highlight a 600-metre mineralised corridor open at depth and near surface within the Broken Hill Base Metal Project.

GreenTech Metals has consolidated a dominant West Pilbara position by acquiring 70% of the Munni Munni PGE-Cu-Ni Project and completed a cost-saving Phase 1 drilling and historic core resampling program. Early data hints at significant resource expansion ahead of a JORC 2012 upgrade.

Pacific Resources (ASX: PXR) has progressed technical due diligence on its optioned Eastern Victorian Goldfields Project, outlining a conceptual 6,000 to 25,000-ounce gold target at Ernestine. Meanwhile, channel sampling at its Tasmanian Sulphide Creek Project is complete, with assay results pending.

Dreadnought Resources has obtained regulatory approval for open pit mining at its Star of Mangaroon gold project in Western Australia, advancing its strategy to become a self-funded explorer by outsourcing development and processing.

Aurelia Metals has successfully extended high-grade mineralisation at its Federation Mine by approximately 70 metres and discovered a new polymetallic lens, the Harley Lens, signalling further growth potential in the Nymagee District.

Iron Road Ltd faces headwinds in securing partners for its Central Eyre Iron Project amid market and energy volatility, delays drilling at Mulgathing due to flooding, but reports promising heavy mineral sands results and evolving land option dynamics at Cape Hardy.

Mount Hope Mining (ASX:MHM) has completed Phases 1 and 2 drilling at its Mt Solitary gold project in NSW’s Cobar Basin, delivering high-grade intercepts including visible gold up to 52.5 g/t and defining an exploration target of 1.3-1.9 million tonnes at 1.0-1.35 g/t Au.