Latest Base Metals News

Legacy Minerals has withdrawn its earlier Mt Carrington production targets, updating its Scoping Study to reflect a stronger basis with 71% Indicated Resources. The revised study outlines a 12-year mine life, A$514 million pre-tax NPV7, and a streamlined development plan.

Peel Mining has formally moved forward in its acquisition by Aeris Resources with the dispatch of the Scheme Booklet to shareholders, setting the stage for critical meetings on June 15.

Diablo Resources has completed the first tranche of a placement, raising $764,400 through 58.8 million shares at 1.3 cents each, with a shareholder meeting planned in June to approve a further $2.7 million raise.

American West Metals has published a detailed JORC 2012-compliant Mineral Resource Estimate for its West Desert Zinc-Copper-Indium-Magnetite Project in Utah, affirming solid resource continuity and robust sampling techniques.

GreenTech Metals has raised $7.5 million through an oversubscribed placement to accelerate exploration and development at its Munni Munni and Whundo projects in Western Australia's West Pilbara.

Rimfire Pacific Mining has launched a metallurgical study targeting cost-effective extraction of low iron scandium from its Murga deposit, aiming to confirm economic viability through atmospheric leaching methods.

Green & Gold Minerals has pinpointed high-grade copper, silver, tin, and indium mineralisation at two major targets in Queensland’s Herberton Conductor Metals Project, with drilling set to follow a May campaign at Copper Hills.

Antares Metals (ASX: AM5) has landed $237,500 in non-dilutive government funding to jumpstart drilling and geophysical surveys at its Quinns Copper-Gold-Zinc Project in Western Australia, targeting the historic Austin VMS deposit and nearby prospects.

Reward Minerals has identified new untested gold and copper anomalies at its Mountain Pond Project in Newfoundland, gearing up for maiden drilling in 2026 with local contractor support and strategic acquisitions underway.

Hawk Resources has clinched a Mineral Exploration Agreement with Ngaanyatjarrra Traditional Owners for its Olympus Scandium Project, clearing a key hurdle ahead of planned Q2 2026 exploration. Historical data points to a significant scandium anomaly that could define a new province in Western Australia.

GreenTech Metals has confirmed thicker, high-grade PGE-Cu-Ni mineralisation at its Munni Munni Project through Phase 1 drilling and historic core resampling, setting the stage for a JORC 2012 resource update.

Exultant Mining has secured regulatory approval and contractor engagement to launch a targeted 12-hole RC drilling campaign at its Balerion Prospect, aiming to test high-priority geochemical and geophysical anomalies.