Latest Commodities News

Aurelia Metals has appointed Steve Badenhorst as its new Managing Director and CEO, effective 6 October 2026, aiming to leverage his 35 years of global mining experience to drive operational performance and strategic growth.

Pacific Resources Limited (ASX: PXR) completed a strategic pivot in FY2026, acquiring the high-grade Snowstorm Gold Project in Victoria and expanding exploration in Tasmania, while maintaining its Queensland coal assets. The company reported a $769K loss on no operating revenue, supported by a $1.5 million capital raise.

Resouro Strategic Metals reported a $1.01 million loss for Q1 2026 while advancing its Tiros Rare Earths and Titanium Project with a robust Preliminary Economic Assessment and closed a $2.5 million private placement.

Coppermoly Limited’s Managing Director and CEO Dickson Leah has resigned immediately, prompting a board-led strategic review focused on short-term shareholder value amid ongoing exploration and acquisitions.

GR Engineering Services delivered a record EBITDA of $63.1 million in FY26, secured over $1 billion in new contracts, and announced a $110 million equity raise to support a forecast revenue surge in FY27.

Lightning Minerals has reinforced the Warby Tungsten Project's potential with Phase 2 rock chip assays showing five of six samples above 1% tungsten, peaking at 5.46%, and revealing polymetallic mineralisation including gold and tin. The company awaits further soil and drainage assay results to shape Phase 3 exploration.

Apollo Minerals has uncovered new zones of unmined tungsten mineralisation at its Couflens project in France, broadening the historic Salau mine’s footprint and underscoring the deposit’s significant exploration potential.

L1 Gold Fund Limited (ASX:LGF) reported a $71.1 million net loss in its inaugural reporting period, dragged down by a sharp gold price decline and sector volatility. The fund outperformed peers with a -10.9% portfolio return and announced a $160 million placement and entitlement offer at $2.25 per share.

Azzuro Resources has defined maiden JORC (2012) Exploration Targets for its Oval Cu-Ni-PGE and Red Hill Cu-Au-VMS projects in Mongolia, revealing district-scale potential and planning a 14-hole drilling campaign to test priority bodies.

Olympio Metals is set to acquire an 80% stake in the Jacknife High-Grade Silver Project in Idaho, leveraging patented mining claims and a local partner to accelerate exploration in a historically prolific silver district.

Mitchell Services (ASX:MSV) posted a strong FY26 with revenue up 5% to A$207.4 million and EBITDA surging 67% to A$42.8 million. The company returned to a net cash position of A$3.5 million and declared a fully franked 2 cent dividend, reflecting robust operational execution and a strategic pivot towards gold.

Solaris Australian Equity Income Plus Limited (ASX:SET) has delivered a maiden profit and outperformed its benchmark since listing in April 2026, announcing initial fully franked monthly dividends.