Latest Base Metals News

Red Mountain Mining has kicked off its first reverse circulation drilling campaign at the Armidale Antimony-Gold Project in NSW, aiming to test high-grade orogenic antimony-gold mineralisation at the Oaky Creek prospect. Seventeen holes are planned over three weeks, with assay results expected next quarter.

Wildcat Resources has delivered robust lithium assay results from its Bolt Cutter Central discovery and Tabba Tabba project, while tripling its exploration strike length through a strategic tenement rights acquisition.

Tribeca Global Natural Resources Limited posted a remarkable $75.9 million profit after tax for FY26, driven by strong precious and base metals performance, and declared a fully franked final dividend of 10 cents per share.

Australian Gold and Copper Ltd (ASX: AGC) has reported extensive polymetallic mineralisation at its Evergreen Prospect, delivering high-grade gold, silver, lead, and zinc intercepts. With 17 diamond holes completed and a reverse circulation rig now targeting shallow oxide zones, the company is progressing towards an initial Mineral Resource Estimate.

Broken Hill Mines Limited posted a $48.8 million loss for FY2026, driven by acquisition-related costs and re-compliance expenses, despite a 56% revenue increase reflecting production growth at Rasp and Pinnacles mines.

Green & Gold Minerals posted a $886,828 loss for FY2026 amid a transformative year marked by its ASX listing and expansion into base metals exploration with the Herberton acquisition.

Renegade Exploration has boosted and prolonged its loan facility to $2 million, using shares from its recent Carpentaria JV sale as additional security to support ongoing exploration.

Sierra Nevada Gold (ASX: SNX) has completed a $12.85 million capital raise to fund an aggressive Phase 2 drilling campaign at its As Safra Copper-Gold Project in Saudi Arabia, supported by strong institutional backing.

Nimy Resources has reported metallurgical tests confirming strong extraction rates of gallium and rare earth elements from its Block 3 resource at the Mons Project, underpinning its proprietary processing flowsheet and advancing its scoping study.

Taiton Resources has secured a farm-in agreement over EL 6468, significantly enlarging its Challenger West gold-copper project in South Australia. Historic drilling highlights shallow, high-grade mineralisation, while new soil sampling aims to sharpen upcoming drill targets.

Terra Metals has confirmed a substantial extension of its Southwest sulfide discovery at the Dante Project, with new drilling revealing broad, continuous PGM-Cu-Ni mineralisation over a 1,100m strike. Five rigs are drilling aggressively as the company targets a maiden Mineral Resource Estimate by late 2026.

Loyal Metals Limited’s acquisition by PT Bumi Resources TBK has reached a key milestone with court approval now official, triggering suspension of Loyal shares on the ASX and setting the stage for scheme consideration payments in early September.