Latest Base Metals News

Rubix Resources has entered a non-binding agreement to acquire bauxite exploration projects in Cameroon and Congo, with a structured payment plan including cash, shares, and performance rights tied to resource milestones.

Critical Resources Limited is set to commence its first drilling campaign at the Amoco Gold-Antimony Project in NSW, targeting a promising structural corridor with confirmed high-grade surface samples. Drilling is scheduled to begin in early October following pending soil-geochemistry results.

Kuniko Limited has executed a binding earn-in and joint venture agreement to acquire up to 70% of the Commonwealth Gold-Silver Project in NSW, backed by a rights issue to fund exploration and drilling. The project offers significant resource potential in a Tier-1 jurisdiction with existing inferred mineral resources.

Australian Gold and Copper Ltd reports standout near-surface gold and silver assay results from its Achilles discovery in NSW, highlighting significant potential for resource expansion amid robust metal prices.

Boab Metals has obtained Federal environmental approval for its Sorby Hills silver-lead-zinc project, clearing a major hurdle towards development and a final investment decision later this year.

Variscan Mines has secured official approval of its Restoration Plan for the Novales-Udias Zinc Project in northern Spain, unlocking the path to mine production restart and extensive exploration drilling.

Lincoln Minerals Limited has announced a supplementary prospectus to raise an additional $750,000 through a Follow-on Placement, responding to strong investor demand beyond its initial entitlement offer.

Rimfire Pacific Mining has identified three promising base metal drill targets near Broken Hill, expanding its exploration focus beyond cobalt. The company is exploring commercial options to unlock value from these discoveries amid a regional mining resurgence.

Ballymore Resources’ recent heli-borne electromagnetic survey at the Maniopota prospect within the Ruddygore Project has revealed 29 strong conductive anomalies linked to polymetallic mineralisation, setting the stage for a significant drilling campaign in 2025.

Middle Island Resources Limited (ASX, MDI) is set to acquire Konstantin Resources Ltd, unlocking a 620 km² copper-gold exploration portfolio in Serbia’s prolific Western Tethyan Belt, supported by a $3.4 million placement to accelerate exploration.

Lincoln Minerals has successfully raised $2.25 million through a renounceable entitlement issue and follow-on placement, positioning the company to advance key exploration projects in South Australia’s critical minerals sector.

S2 Resources has commenced RC drilling at its West Murchison Project, targeting a significant copper-platinum-palladium-gold soil anomaly. Results expected by early October could unlock new resource potential.