Latest Base Metals News

Enterprise Metals’ latest quarterly report highlights encouraging drilling results at the Vulcan prospect within the Doolgunna Project, revealing potential for a significant gold and copper-zinc mineralised system. Meanwhile, exploration continues across multiple WA projects amid ongoing funding efforts.

Pacific Resources Limited (ASX, PXR) has executed a 19-month option to acquire the high-grade Eastern Victorian Goldfields Project, while progressing exploration at its Tasmanian assets and completing a $1.5 million placement.

Enterprise Metals has reported encouraging drilling results from its Vulcan Prospect in Western Australia, revealing significant gold mineralisation and evidence of a substantial copper-zinc-gold system. The findings support ongoing exploration efforts backed by government funding.

Ausmon Resources advances its rare earth elements exploration in South Australia’s Limestone Coast, unveiling promising drilling results and plans for detailed grid drilling in 2026. Concurrently, the company pursues base metals and gold prospects in New South Wales and Queensland.

Alchemy Resources reported strong exploration progress in lithium, iron ore, and base metals across Western Australia and New South Wales, highlighted by promising drill results and strategic joint ventures.

TechGen Metals has reported significant exploration advances with new high-grade copper and gold targets across multiple projects, supported by a recent $1.2 million placement that strengthens its position for an active 2026 drilling campaign.

Mammoth Minerals has kicked off its maiden diamond drilling at the Excelsior Springs Gold-Silver Project in Nevada, delivering multiple high-grade intercepts and expanding its landholding by 340%. A $7.5 million capital raise supports ongoing exploration across its Americas portfolio.

Eastern Resources Limited reports steady progress on its Marengo Gold Project farm-in agreement despite ministerial approval delays, alongside ongoing environmental assessments at Nowa Nowa and a director resignation.

Zeus Resources has made significant progress in its December quarter activities, advancing trenching at the Casablanca Antimony Project and confirming gold and lithium anomalies at Blue Hill. The company also reported stable cash reserves and key corporate developments following its 2025 AGM.

Tyranna Resources has withdrawn certain visual mineralisation estimates from its recent quarterly report, citing non-compliance with ASX reporting standards and urging investors to disregard these figures.

Australian Gold and Copper Ltd has announced a significant milestone with an initial Mineral Resource Estimate of 38.5 million ounces silver equivalent at its Achilles project, alongside a strategic expansion of its South Cobar footprint through the Browns Reef acquisition.

Raptor Metals Ltd has completed its takeover of Raptor Resources Limited, marking a strategic pivot to copper exploration in Canada’s Bathurst Mining Camp, backed by a fresh A$5 million capital raise.