Latest Cobalt News

Metal Bank Limited (ASX – MBK) has announced a partially underwritten entitlement offer aiming to raise $2.32 million to fast-track its Western Australia gold projects and explore graphite potential in Queensland. The offer, priced at $0.014 per share, is supported by Equator Capital Management Ltd and targets existing shareholders.

Diablo Resources has wrapped up its maiden drilling at the Phoenix Copper Project in Utah, with assay results pending and plans underway for further exploration at the Fair Dinkum Prospect. The company is also eyeing expansion across the US critical minerals sector amid supportive government initiatives.

Terra Metals has intersected a 58-metre thick titano-magnetite reef at its Southwest Prospect, marking the thickest reef found to date within the Dante Project and significantly expanding its resource potential.

Ardea Resources has completed a major infill drilling campaign at its Goongarrie South deposit, confirming premium nickel-cobalt-scandium mineralisation that underpins its Definitive Feasibility Study. The results reinforce the project’s position as Australia’s largest nickel-cobalt resource.

Larvotto Resources has officially begun upgrading its Hillgrove processing plant in New South Wales, aiming for mid-2026 completion and a significant increase in antimony and gold production.

Western Mines Group has reported compelling assay results from its latest Phase 4 drilling at the Mulga Tank Project, revealing extensive nickel sulphide mineralisation and standout high-grade intervals that extend beyond current resource boundaries.

Iondrive Limited has inked a binding Term Sheet with Livium Limited to commercialise its innovative Deep Eutectic Solvent (DES) technology for recycling critical materials from batteries, solar panels, and e-waste in Australia, with a pilot plant set to begin commissioning by the end of 2025.

True North Copper has reported breakthrough drilling results at Wallace North, revealing a new high-grade copper-gold shoot and confirming extensive mineralisation beyond known boundaries. Simultaneously, its Mt Oxide project’s Phase 1 drilling validates a large-scale copper-cobalt-silver system, setting the stage for accelerated exploration.

St George Mining confirms a significant new high-grade rare earths and niobium discovery 1km east of its existing Araxá resource in Brazil, with assays revealing exceptional grades and promising expansion potential.

Redstone Resources has reported a significant copper intersection at its Chatsworth Prospect in Western Australia, revealing promising mineralisation that could signal a larger nickel-copper-cobalt system nearby.

Havilah Resources has detailed its recent drilling at Johnson Dam, revealing standout uranium grades that reinforce the prospect's potential as a new hard rock uranium deposit.

Cobalt Blue Holdings has secured a crucial works approval for its Kwinana Cobalt Refinery, pushing Australia’s first dedicated cobalt processing plant closer to a final investment decision by the end of 2025.