Latest Base Metals News

New World Resources’ board unanimously backs Kinterra Capital’s revised $0.067 per share offer, following Central Asia Metals’ decision not to match. Shareholders face a July 24 deadline to accept the bid and secure increased value.

Aurelia Metals has successfully met its FY25 production and cost guidance, driven by a strong ramp-up at Federation Mine and the start of development at Great Cobar. The company’s solid quarterly performance underpins its growth ambitions for FY26.

M3 Mining Limited reports steady progress at its Edjudina Gold and Victoria Bore Copper projects, alongside significant corporate restructuring and the sale of its energy subsidiary.

Broken Hill Mines Limited will have its trading suspension lifted on 21 July 2025, marking its return to the ASX following successful compliance with listing rules.

BHP has reported record copper and iron ore production for FY25, while revising upward the capital cost and timeline for its Jansen Stage 1 potash project. The miner’s operational strength contrasts with ongoing challenges in nickel and coal segments.

Macro Metals Limited has obtained crucial Supreme Court orders to address a regulatory oversight involving cleansing notices, paving the way for the lifting of its trading suspension.

New World Resources has acknowledged an increased takeover offer from Kinterra, triggering a matching rights process with Central Asia Metals. The board signals potential for a superior proposal amid a competitive bidding landscape.

American West Metals has finalized a binding offtake agreement and secured significant project financing with Ocean Partners, advancing the development of its Storm Copper Project in Nunavut, Canada.

Central Asia Metals Plc has made an unconditional all-cash offer to acquire New World Resources Limited at A$0.065 per share, a significant premium over recent prices and a superior bid to its rival. The New World board unanimously recommends shareholders accept the offer in the absence of a better proposal.

Cosmo Metals has unveiled a newly defined +4km volcanogenic massive sulphide (VMS) target corridor at its Bingara Project in NSW, revealing high-grade copper mineralisation and extensive historic workings with no prior drilling.

Galileo Mining reports robust cash reserves and promising platinum group element assays at its Norseman project, while advancing exploration at Fraser Range and extending its lithium joint venture with Mineral Resources Ltd.

West Cobar Metals has identified promising new copper, antimony, and silver targets at its Bulla Park project, supported by advanced geological and geophysical analysis. The company plans priority drilling to explore these zones and potentially expand its resource base.