Latest Base Metals News

Sunshine Metals has secured $7.7 million through an oversubscribed Share Purchase Plan, exceeding its $3 million target, to fund the Mt Moss processing facility acquisition and Liontown mine start-up.

Middle Island Resources announces CEO Peter Spiers’ resignation with Executive Chairman Daniel Raihani taking over operational duties during the transition. Spiers was pivotal in advancing exploration in Serbia’s Western Tethyan Mineral Province.

Infinity Mining has kicked off ground exploration at its Hillside project in the Pilbara, targeting significant gold and copper anomalies identified over multi-kilometre corridors. The company has also strengthened its board with a seasoned geologist familiar with the region's geology.

Australian Gold and Copper Ltd (ASX: AGC) has secured the Junee Gold Project in NSW through a $5.4 million share deal, adding seven drill-ready gold targets and raising $5 million to accelerate exploration.

Kuniko Limited has wrapped its Phase 1 diamond drilling at the Commonwealth-Silica Hill project in NSW, revealing robust gold, silver, and base metal grades. The company is gearing up for a more expansive Phase 2 drilling campaign starting in July to test extensions and new targets within this prolific polymetallic system.

Antares Metals (ASX: AM5) reports exceptional surface gold grades up to 41.7 g/t at its Quinns project in WA, revealing three priority drill targets and fast-tracking maiden drilling plans.

Strickland Metals has expanded the Gradina Deposit's inferred gold resource by 600,000 ounces, pushing the Rogozna Project's total resource to 9.24 million ounces gold equivalent and reinforcing its Tier-1 status.

Impact Minerals reports strong assay results from Commonwealth South, confirming polymetallic continuity and setting the stage for a July drilling expansion by JV partner Kuniko.

Anax Metals has closed the second tranche of its placement, raising $4.8 million through a share issue that included $1.1 million from directors and granted options to its lead manager.

Cygnus Metals has delivered robust high-grade drilling results at its Golden Eye deposit, reinforcing its strategy to upgrade inferred resources to indicated status, while commencing exploration at the Gwillim gold prospect with JV partner Alamos Gold.

Lincoln Minerals has raised A$3.1 million in a two-tranche placement to fund drilling at its Minbrie Copper Project, with a strategic investor gaining board representation rights.

Verity Resources awaits Botswana Department of Mines approval to launch near-surface exploration on its extensive critical metals portfolio, targeting high-grade copper-silver and nickel-copper-PGE mineralisation with promising historical results and district-scale potential.