Latest Commodity Markets News

Energy Metals Limited has reported a 12% increase in uranium resources at its flagship Bigrlyi Joint Venture, strengthening its position amid a stable uranium market and robust cash reserves. The company is advancing exploration plans across its Northern Territory and Western Australia projects for 2025.

Canadian Phosphate Limited reported a steady rise in Q1 sales to $534,000, driven by US demand, with a significant capacity expansion at a key customer set to boost Q2 performance. The company also advances exploration and permitting efforts amid shifting North American phosphate dynamics.

Resource Mining Corporation (ASX: RMI) reported promising initial gold assays from its Saudi Arabian projects and is evaluating near-term gold production in Tanzania, while managing a constrained cash position and new funding arrangements.

Elementos Limited has delivered a robust Definitive Feasibility Study for its Oropesa Tin Project in Spain, secured key partnerships, and commenced new drilling at its Cleveland Project in Tasmania, all against a backdrop of rising tin prices driven by global supply disruptions.

Arrow Minerals has reported a maiden Mineral Resource of 185 million tonnes at 42.3% alumina for its Niagara Bauxite Project, alongside strong progress on a scoping study targeting June 2025 completion. The company is also advancing its Simandou North Iron Project with strategic partnerships and metallurgical work.

Piche Resources has extended its Cerro Chacon gold-silver mineralised corridor to 14km and identified multiple high-grade uranium zones at Sierra Cuadrada, setting the stage for an 8,000m drilling campaign in 2Q 2025.

Australasian Metals Limited is streamlining its portfolio to concentrate on near-term exploration wins, launching a new IP survey at its promising May Queen gold project while exiting less viable ventures.

Mineral Resources Limited reported a challenging FY25 half-year with a 9% revenue decline and a 55% drop in underlying EBITDA, yet its Mining Services segment and Onslow Iron project show promising growth trajectories.

Cobalt Blue Holdings Limited announces a strategic pivot with a proposed rebranding to Core Blue Minerals Limited and an Earn-in agreement for the Halls Creek Project, marking its diversification beyond cobalt into copper and other base metals.

Cobalt Blue Holdings Limited is set to rebrand as Core Blue Minerals Limited, reflecting its strategic shift to diversify beyond cobalt into copper and other base metals through a new Earn-in agreement for the Halls Creek Project.

Diablo Resources has unveiled a high-grade copper discovery at its newly acquired Phoenix Copper Project near the prolific Lisbon Valley Mine in Utah, with initial rock samples returning up to 45.7% copper and 219 g/t silver. The company is advancing exploration with drilling planned for 2025.

Tivan Limited has completed its acquisition of the Speewah Project from King River Resources, clearing all contractual obligations and setting the stage for a strategic joint venture with Sumitomo Corporation.