Latest Base Metals News

New World Resources has received a conditional, non-binding takeover proposal from Kinterra Capital to acquire all remaining shares at A$0.057 each. The board is currently reviewing the offer amid ongoing market speculation.

Alara Resources reports compelling copper assay results from its Block 8 concession in Oman, with Power Metal Resources advancing its stake and exploration activities moving towards drilling.

Boab Metals has successfully raised $6 million through a share placement and an ATM set-off, positioning the company to advance its Sorby Hills Project in Western Australia.

Kingston Resources has restarted gold concentrate production at its Mineral Hill mine, marking a significant step in its transformation into a multi-product operation. The company aims to begin copper concentrate sales by mid-2026 as it transitions to underground mining.

Venus Metals Corporation has kicked off EIS co-funded diamond drilling at its Pincher Copper Project, with further campaigns planned at Youanmi and Bellchambers to test promising copper and zinc targets and advance metallurgical studies.

Patronus Resources has announced a maiden JORC 2012 Exploration Target for its Merlin Prospect within the Cardinia Gold Project, estimating up to 500,000 ounces of gold. Recent drilling results highlight broad, shallow gold mineralisation, with further work planned to expand this promising discovery.

Central Asia Metals has increased its cash offer for New World Resources shares to A$0.055 and acquired a 5% stake through on-market purchases, signaling renewed momentum in the takeover bid.

AIC Mines has awarded a fixed-price $77.6 million contract to GR Engineering to expand its Eloise processing plant capacity from 725,000 to 1.1 million tonnes per annum, with construction set to begin in October 2025 and commissioning expected by late 2026.

Osmond Resources has reported strong assay results from Zone 2 of its Orion EU Critical Minerals Project in Southern Spain, revealing high-grade rutile and zircon mineralisation. The company is now prioritising a maiden drilling program to validate these findings and advance project development.

Pivotal Metals has successfully extended the shallow mineralisation strike at its Horden Lake project in Quebec by 500 metres, confirming continuity and higher-grade zones through its 2025 step-out drilling program. The results also validate electromagnetic surveys as a powerful exploration tool, revealing multiple undrilled targets.

Legacy Minerals has completed its inaugural drilling campaign at the Thomson Project in north-west NSW, intersecting extensive quartz-sulphide veins indicative of promising intrusion-related gold and copper mineralisation. Assay results are pending, with further drilling approvals underway to explore additional targets.

Aurelia Metals has unveiled a robust growth strategy targeting around 40,000 tonnes of copper equivalent production by fiscal 2028, backed by a strong balance sheet and multiple development projects. The company is advancing key operations in the Cobar region while emphasizing operational discipline and sustainability.