Latest Commodities News

Catalina Resources has reported promising wide gold mineralisation zones from its first reverse circulation drilling at the Laverton Project, Western Australia, signalling potential for a significant gold system. Follow-up drilling and pending rare earth element assays could further enhance the project’s outlook.

Carnaby Resources has acquired the remaining 17.5% stake in the Greater Duchess Copper Gold Joint Venture, consolidating 100% ownership and streamlining development plans ahead of a key pre-feasibility study.

Traka Resources has secured a strategic joint venture in Guinea’s Siguiri Basin while streamlining its Australian portfolio, though a legal dispute with its Guinea partner clouds the project’s future.

Resource Mining Corporation has locked in a $5 million convertible securities facility to fund its expanding exploration programs across Tanzania, Saudi Arabia, and Finland. The initial $1.3 million drawdown supports ongoing copper-gold drilling and new gold ventures.

Beach Energy reported a 9% rise in FY25 production to 19.7 million barrels of oil equivalent and a 13% increase in sales revenue to $2 billion, driven by strong basin performances and the Waitsia LNG project. However, a significant $674 million impairment charge due to lower commodity prices and reserves revision at Beharra Springs tempers the upbeat results.

Sun Silver Limited reports a standout 7.8% antimony assay from re-assayed historic drill hole MR103 at its Maverick Springs Project, confirming significant critical mineral potential alongside its silver-gold resource in Nevada.

QX Resources reported steady progress in its Queensland gold projects and secured a strategic farm-out for its Pilbara iron ore rights, while stepping back from US lithium ventures amid market softness.

MAC Copper Limited shareholders will vote on a court-sanctioned scheme of arrangement proposing Harmony Gold’s acquisition at a 32% premium. The transaction, valued at over $1 billion, requires shareholder and regulatory approvals before completion.

Askari Metals has launched a comprehensive regional exploration program at its Nejo Gold and Copper Project in Ethiopia, targeting high-grade gold and copper mineralisation with drilling planned for late 2025.

Deterra Royalties reported a robust 44% jump in quarterly revenue to $89.1 million, driven by record iron ore royalties and advancing lithium project construction. The company’s diversified portfolio and strategic investments position it well for long-term growth.

RTG Mining has locked in a binding finance and offtake agreement with Glencore to kickstart Stage 1 of its high-grade Mabilo Copper and Gold Project in the Philippines, while advancing exploration at its Chanach project in Kyrgyzstan and progressing redevelopment talks for Panguna in Bougainville.

PVW Resources reports exceptional near-surface rare earth grades and strong metallurgical recoveries at its Capão Bonito project in Brazil, advancing its rare earth portfolio and refining its strategic focus.