Latest Base Metals News

Peel Mining has secured $21.25 million through a placement and share purchase plan, while appointing a new leadership team to drive a strategic pivot focused on unlocking value from its copper and polymetallic assets in the Cobar Basin.

Sunshine Metals reports significant progress in North Queensland with standout gold intersections at Sybil and a $5 million placement led by Lion Selection. Board reshuffle aligns leadership with growth strategy.

Litchfield Minerals’ latest Downhole Electromagnetic survey confirms a large, highly conductive massive sulphide body at the VT2 target, prompting a new high-priority drillhole to test its core.

Rimfire Pacific Mining has announced a maiden inferred scandium resource at its Currajong prospect, boosting its total scandium inventory by 61%. The company also identified new base metal drill targets at Broken Hill and completed a $3.5 million equity raise to fund ongoing exploration.

Develop Global reports strong September quarter progress with Woodlawn mine ramping up on schedule and Sulphur Springs DFS doubling projected cashflow to A$1.5 billion. A major mining services contract extension further bolsters the company’s growth outlook.

Australian Critical Minerals has completed a strategic acquisition of Circuit Resources, adding six multi-commodity projects in Peru and initiating exploration activities with drilling planned for late 2025.

PT ANTAM Tbk reports robust nine-month growth in gold, nickel, bauxite, and alumina production alongside a notable ESG risk rating improvement and a 100% dividend payout for 2024.

Taruga Minerals has identified promising gold and base metal anomalies at its Thowagee South project in Western Australia, supported by new geophysical and geochemical data. These findings set the stage for refined exploration and potential future drilling.

Riedel Resources has finalized drilling plans for its high-grade Kingman Gold Project in Arizona and secured $1.4 million through equity raises to fund upcoming exploration and development activities.

Golden Dragon Mining Ltd is set to raise $5 million through an IPO, aiming for ASX listing with a portfolio of promising gold and nickel exploration projects in Western Australia.

Mt Malcolm Mines NL has announced a pro-rata renounceable entitlement issue to raise up to $2.33 million, partially underwritten by Mahe Capital Pty Ltd. The capital raise aims to fund exploration drilling, repay director loans, and support working capital.

AustChina Holdings has entered a binding agreement to acquire an exclusive option on the Eastern Victorian Goldfield Project, a promising portfolio rich in gold, base metals, and critical minerals. The move complements its existing Tasmanian and Queensland assets and sets the stage for an aggressive exploration campaign.