Latest Cobalt News

Prospect Resources has reported its first Phase 3 infill assays from Nyungu Central, including 18 metres at 1.31% copper, while extensional drilling continues to identify broad mineralisation beyond the existing resource. Twenty Nyungu Central assay results remain pending as the company advances toward a Q1 2027 Mumbezhi Scoping Study.

Terra Metals has reported its largest continuous high-grade reef yet at the Southwest PGM-copper-nickel discovery, with a 336.9-metre intercept among new assay results. Heritage access is now cleared across the drilling footprint, while more than 40,000 assays remain pending ahead of a maiden resource estimate planned for Q1 2027.

Barkly Rare Earths has entered its first full year as an ASX-listed explorer with A$5.38 million in cash, a 10,000-metre drilling programme underway and an early 99% magnet rare earth oxide extraction result. The technical signals are encouraging, but both the drilling data and metallurgy remain at an early stage.

Redstone Resources has expanded its exploration portfolio and reported deep copper intersections at West Musgrave, but its auditor has flagged material uncertainty over the company’s ability to continue without further funding. The ASX junior ended FY2026 with A$557,426 in cash against A$636,787 of annual Australian tenement commitments.

Celsius Resources has reported a sharply wider FY2026 loss after impairing its disputed interest in the MCB copper-gold project, while an Equinaire credit bid has complicated ownership of the Philippine asset. The company is relying on a pending Opuwo sale, fresh financing and arbitration to keep its development strategy alive.

Metal Bank has made Homestead its preferred route to first Western Australian gold production, targeting 2027 while reporting a $4.38 million annual loss and a material going-concern uncertainty. The company ended June with $1.86 million in cash and says further funding may be required.

Clara Resources has pivoted decisively from coal to gold, but its Mareeba ambition sits alongside a $7.36 million annual loss, only $112,000 in year-end cash and a disclosed material uncertainty over going concern. The company is now relying on drilling, asset-sale proceeds and further capital to keep the strategy moving.

Sabre Resources has expanded into a 4,000-square-kilometre Northern Territory gold and copper-gold portfolio, but its FY2026 loss more than doubled as cash declined. The company now has drilling underway and fresh capital, alongside a growing funding and dilution burden.

Golden Mile Resources has reported broad, high-grade surface gold results at its Aurora prospect in Arizona, including 2.38g/t over about 126 metres. The exploration momentum comes alongside a $2.41 million annual loss, $609,757 in cash and an explicit warning that further funding is required.

Conico's statutory loss widened sharply in FY2026, largely because of non-cash share-based payments linked to its recapitalisation. The company ended the year debt free with $2.53 million in cash, but warned that funding remains critical as it prepares for Mt Thirsty drilling.

Rubix Resources ended FY2026 with a $1.283 million loss, only $95,001 in cash and a net asset deficit, prompting its auditor to flag a material uncertainty over going concern. The company’s Paperbark drilling produced an encouraging copper signal, but further exploration depends on fresh funding.

Cyprium Metals says its long-delayed Nifty Copper Complex is entering the final commissioning phase, with first copper cathode production expected in the December quarter of 2026. The restart is backed by A$121 million in equity raisings, a refinanced US$27.3 million loan facility and A$68.5 million in cash at year-end.