Latest Base Metals News

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.

Albion Resources reports promising extensional drilling results at its Collavilla Prospect, revealing significant gold mineralisation open at depth alongside valuable silver and base metal credits. These findings bolster the economic potential of the Yandal West Gold Project in Western Australia’s prolific Yandal Greenstone Belt.

Surefire Resources has identified a significant bedrock conductor at its Copper Hill Project through a recent ground electromagnetic survey, marking a promising step in its copper exploration efforts. This discovery aligns with previous geochemical anomalies and will shape upcoming drilling programs.

Terra Uranium Limited has reported new high-grade silver surface samples at its Castle Rag project in NSW, with assays reaching 941 grams per tonne. These findings reinforce the project's potential, building on previous high-grade results and historic production.

Rumble Resources has launched a $9 million capital raise to accelerate development at its Western Queen gold and tungsten projects, targeting near-term production by late 2026. The company also highlights significant resource upgrades and seeks partners for its Earaheedy base metals project.

Terrain Minerals has initiated an induced polarisation geophysical survey over its Wildflower Gold Prospect, aiming to pinpoint sulphide zones beneath known gold mineralisation. With drilling approvals secured and promising nearby results, the company is poised for a pivotal exploration phase.

Sierra Nevada Gold (ASX, SNX) reports significant new high-grade gold targets at its New Pass Project in Nevada, including a peak assay of 39.8g/t Au and a newly identified vein with 23.3g/t Au. These findings broaden exploration potential ahead of planned bulk sampling.

29Metals Limited reports promising high-grade copper and zinc drill results from its 2025 exploration program at Golden Grove, highlighting potential mine life extensions and resource growth opportunities.

Lunnon Metals reports significant high-grade gold assay results from infill drilling at its Hustler prospect, confirming two distinct mineralised structures and moving closer to an initial Mineral Resource estimate. Meanwhile, exploration at Defiance West reveals structural complexity with anomalous base metals but no significant gold yet.