Latest Base Metals News

Cosmo Metals has initiated its first-ever drilling campaign at the Spring Creek prospect within the Bingara Project, aiming to unlock the potential of previously identified high-grade gold mineralisation. This program marks a pivotal step in exploring the largely underexplored gold-antimony-copper corridor in New South Wales.

Everest Metals Corporation has secured mining approvals for its Mt Dimer gold project and initiated resource upgrades at its Mt Edon critical minerals site, while expanding its Revere gold project through strategic acquisition and capital raising.

OZZ Resources advances exploration with fresh gold anomalies at Maguires Reward and pursues a joint venture to unlock project potential amid ongoing ASX suspension.

S2 Resources has ramped up exploration activities across multiple Australian projects, commencing diamond drilling at Warraweena and expanding ground at Jillewarra, while securing A$0.61 million through capital raisings and maintaining a robust cash position bolstered by a significant Valkea Resources investment.

Caprice Resources has appointed CEO Luke Cox as Managing Director, underscoring confidence in his leadership to drive exploration and development in the Murchison Goldfields and West Arunta regions.

Orion Minerals has taken a major step forward by signing a non-binding term sheet with Glencore for up to US$250 million in financing and offtake agreements, advancing its Prieska Copper Zinc Mine towards production.

Terramin Australia progresses key mining projects including Tala Hamza zinc drilling and Kapunda copper testing, while awaiting a crucial appeal hearing for its Bird in Hand gold project.

Odessa Minerals advances its Lyndon Project with promising base metal assays and uranium exploration, backed by a $1.15 million capital raise and a strategic board appointment.

Nordic Resources Ltd has initiated a 5,000m diamond drilling program at its Kopsa gold project in Finland, unveiling new magnetic targets and bolstering its senior management team. The company also raised over A$10 million in institutional capital, underpinning a combined gold equivalent resource of 1.23 million ounces across its Finnish assets.

Enegex Limited is set to acquire Famien Resources, gaining a substantial gold exploration portfolio in Côte d’Ivoire, backed by a $5 million placement and the appointment of seasoned explorer Paul Roberts as Managing Director.

Litchfield Minerals has intersected approximately 46 metres of disseminated copper-iron sulphides at its VT1 conductor in the Northern Territory, initiating a detailed downhole electromagnetic survey to refine drilling targets and accelerate exploration.

Deep Yellow Limited reports significant progress on its flagship Tumas Project in Namibia, highlighted by promising high-grade uranium discoveries at the S-Bend prospect and steady advancement of infrastructure and engineering works. Meanwhile, leadership changes and a robust cash position set the stage for the company’s next growth phase.