Latest Base Metals News

Terrain Minerals has reported robust high-grade gold intersections from its latest drilling at the Lightning prospect within the Smokebush Project, reinforcing the potential for a significant new gold system in Western Australia.

S2 Resources has significantly expanded its Jillewarra project area over a highly prospective gold shear zone and completed drilling at West Murchison, with assay results pending. Meanwhile, Glenlogan assays returned no significant mineralisation.

Advance Metals Limited has responded to an ASX query clarifying its compliance with disclosure rules and marketing practices, while updating on its funding status and capital raise plans.

QMines Limited has raised $7.5 million through a strongly supported placement to accelerate exploration at its Mt Mackenzie, Mt Chalmers, and Develin Creek projects, positioning the company for growth in gold and base metals.

Manuka Resources has received a binding debt offer to refinance existing obligations and support the restart of its Wonawinta silver and gold processing plant in early 2026, leveraging current high metal prices.

S2 Resources is set to begin diamond drilling within weeks at its Warraweena project in northern New South Wales, following promising historical drill results and an ongoing gravity survey extension. The project targets multiple mineralisation styles, including gold, copper, nickel, and base metals.

Somerset Minerals reports strong visual copper mineralisation from its Phase-2 drilling at the Coppermine Project, Nunavut, with assays pending. Concurrent geophysical and geochemical surveys aim to unlock multiple copper discoveries across its extensive landholding.

Morella Corporation has expanded its critical minerals portfolio by acquiring the Dixon Well Project in Western Australia, confirming significant titanium mineralisation with assays up to 17.0% TiO2. This move diversifies Morella’s assets beyond lithium and rubidium into a mineral critical for aerospace and defence industries.

My Foodie Box Limited, soon to be Tarrina Resources Limited, is pivoting from meal kits to mineral exploration by acquiring promising gold and base metal projects and raising $5 million to fund exploration.

Middle Island Resources has initiated field activities at the Bobija polymetallic project in Serbia, targeting significant gold, silver, lead, and zinc mineralisation within a historic mining lease. The move follows its pending acquisition of Konstantin Resources, expanding its footprint into a world-class mineral province.

Metal Bank Limited (ASX – MBK) has announced a partially underwritten entitlement offer aiming to raise $2.32 million to fast-track its Western Australia gold projects and explore graphite potential in Queensland. The offer, priced at $0.014 per share, is supported by Equator Capital Management Ltd and targets existing shareholders.

Terra Critical Minerals has revealed new high-grade silver mineralisation at its Mole River project in NSW, with samples reaching 400 g/t silver. This discovery at the Silent Grove prospect adds momentum to the company’s polymetallic exploration ambitions.