Latest Base Metals News

Indiana Resources has secured a definitive tax ruling from the ATO clarifying that its recent $0.05 per share capital return is not a dividend, shaping the tax implications for shareholders.

Greenwing Resources has unveiled a scoping study for its Que River polymetallic project in Tasmania, outlining a low capital expenditure route to potentially generate A$63 million in cash flow within a year. The study leverages existing infrastructure and highlights significant exploration upside beneath existing pits.

Eastern Metals Limited has entered a definitive agreement to acquire Raptor Resources Limited, adding significant copper and gold assets in Canada and Western Australia, alongside a planned capital raise to fund exploration and ASX reinstatement.

Strickland Metals has reported a significant shallow copper-gold intercept at its Copper Canyon Deposit in Serbia, highlighting the deposit’s growing importance within the Rogozna Project. The company’s ongoing drilling campaign aims to expand resources and advance development plans.

Corazon Mining has secured an exclusive 12-month option to acquire an 80% stake in the Feather Cap Gold Project, expanding its footprint in Western Australia's prolific Gascoyne region. The project boasts significant historical gold mineralisation and offers promising exploration upside near Corazon’s Two Pools Project.

NewPeak Metals has secured 100% ownership of the Las Opeñas gold project in Argentina and plans drilling campaigns at both Las Opeñas and the Tansey gold project in Queensland, funded entirely from existing cash reserves.

Asian Battery Metals PLC’s latest Phase 3 drilling results at the Yambat Project in Mongolia reveal expanded copper-nickel mineralisation and new high-conductance electromagnetic targets, underscoring the district-scale potential of this emerging magmatic sulphide system.

Patronus Resources has completed a major surface sampling program at its Pine Creek Project, revealing extensive gold anomalies including a standout 7km by 1.5km target. These findings set the stage for focused drilling campaigns in 2026.

S2 Resources has commenced a two-month drilling campaign at its Warraweena project in northern NSW, targeting six geophysical anomalies with potential for multiple valuable mineral deposits. A follow-up gravity survey is advancing to refine these targets further.

Orion Minerals has increased its capital raising to A$8.6 million following additional commitments from sophisticated investors, signaling growing confidence in the company’s prospects.

Mont Royal Resources has lodged a Replacement Prospectus updating its financial disclosures and use of funds ahead of a pivotal shareholder meeting on 10 October to approve a merger with Commerce Resources.

Investigator Resources has secured $10 million through a strategic placement to accelerate development and exploration of its flagship Paris Silver Project, aiming to bring forward silver production and expand drilling across key targets.