Latest Base Metals News

Critical Resources Limited has completed a $500,000 capital raising and finalized the acquisition of the Amoco Antimony-Gold Project, expanding its footprint in the New England fold belt.

Alvo Minerals has successfully closed its retail entitlement offer, raising $810,985 and bringing total proceeds from its recent capital raise to $1.56 million. The funds will support ongoing exploration at its Palma Cu/Zn Project and other mineral ventures in Brazil.

Iltani Resources has successfully closed a Share Purchase Plan raising $965,000 and secured an additional $200,000 via a private placement, bringing total recent capital raised to nearly $3 million. These funds will fuel exploration at its promising Orient Silver-Indium Project and other ventures.

Critical Resources Limited has unveiled final assay results from its 2024 drilling campaign at the Mavis Lake Lithium Project, revealing high-grade spodumene mineralisation beyond its current resource estimate and highlighting significant expansion potential.

Central Asia Metals has increased its takeover offer for New World Resources to A$0.062 per share after acquiring a significant stake, valuing the company at around A$230 million.

Red Mountain Mining reports exceptional antimony assay results up to 28.34% Sb from its Armidale project, highlighting a promising orogenic mineral system with further exploration underway.

First Au Limited has completed the initial tranche of its $1.5 million private placement, issuing over 4 million shares, while the much larger second tranche awaits shareholder approval at the upcoming AGM.

NewPeak Metals has officially appointed Mark Purcell as Managing Director, with David Mason stepping into a Non-Executive Director role, marking a key leadership transition for the base metals miner.

Develop Global Limited has launched a A$180 million equity placement to fast-track production and extend mine life at its Woodlawn and Sulphur Springs projects, positioning itself as a leading copper and base metals player on the ASX.

Develop Global Limited has raised $180 million through a well-supported institutional placement to accelerate development at its Sulphur Springs and Woodlawn projects, aiming to extend mine lives and capitalize on new partnership opportunities.

Sunshine Metals has initiated an 840 line-kilometre helicopter-borne VTEM Max geophysics survey over the Coronation–Highway area, backed by a $231,000 Queensland Government grant. The survey aims to uncover massive sulphide deposits analogous to Sunshine’s Liontown and the historic Highway-Reward mines.

Legend Mining has signed binding term sheets to acquire the Pinnacle Well Project near Leonora, marking its first move beyond the Fraser Range with promising gold and base metals prospects.