Latest Base Metals News

Lincoln Minerals has expanded its exploration footprint at the Minbrie Copper-Base Metals Project, identifying two new drill-ready targets and confirming a large-scale multi-metal sulphide system stretching over 7km. Fully funded for drilling, the company aims to unlock significant growth potential in South Australia’s Eyre Peninsula.

Variscan Mines has acquired extensive historic drilling data over newly granted licences in northern Spain, revealing significant high-grade zinc and lead mineralisation and unlocking a district-scale exploration opportunity.

Emu NL has agreed to sell its Badja Gold Project subsidiary for AUD 3.5 million, redirecting focus and funds to its promising Yataga Copper Project in Queensland.

Koonenberry Gold (ASX, KNB) reports promising soil sampling results from its Wilga Flats Project in NSW, revealing a 4.2km gold and base metal anomaly akin to the nearby Cowal Gold Mine. The company aims to progress these targets to drill-ready status backed by a strong cash position.

Bastion Minerals has appointed seasoned geologist Ray Muskett to its board and secured shareholder approval to issue up to 750 million new shares, positioning the company for an accelerated exploration phase.

Stavely Minerals highlights significant progress in its Stavely Project with robust drill results and promising gold and copper-gold-silver resources. The company’s strategic focus on expanding gold discoveries at multiple prospects signals potential growth in a fertile volcanic belt.

A shareholder has lodged a formal application with the Takeovers Panel challenging Emu NL’s recent entitlement offer and associated loan facility, raising concerns over board control and transparency ahead of a critical EGM.

Cobalt Blue Holdings has raised $2.5 million through a $1 million institutional placement and a $1.5 million placement agreement with Lind Global Fund III, aiming to advance its cobalt refinery and exploration projects.

Lion Selection Group Limited reported a robust $39.2 million net profit for the year ended July 2025, driven by strong mark-to-market gains and strategic investments in Australian mining companies. The company’s portfolio value nearly doubled, reflecting timely market moves and a focus on precious and base metals.

Altair Minerals has successfully navigated the initial legal hearing against BHP over the contested use of its Olympic Domain Project area, setting the stage for a protracted dispute over exploration rights and project valuation.

Litchfield Minerals reports assays confirming up to 35% manganese with a hydrothermal signature at Lucy Creek 2, Northern Territory, signaling a potentially larger manganese system. Planned geophysical surveys and drilling in 2026 aim to unlock further resource potential.

Critical Resources has acquired 90% of the Rock and Pillar prospecting permit, consolidating a strategic 10km strike along the prospective Cap Burn Fault in New Zealand ahead of a planned drill program.