Latest Copper And Base Metals News

Develop Global Limited has raised $180 million through a well-supported institutional placement to accelerate development at its Sulphur Springs and Woodlawn projects, aiming to extend mine lives and capitalize on new partnership opportunities.

New World Resources has increased its scheme offer to 5.5 cents per share, while rival Kinterra proposes a higher 5.7 cents off-market takeover bid. The board is reviewing the competing offers amid uncertainty over the final outcome.

New World Resources has received a conditional, non-binding takeover proposal from Kinterra Capital to acquire all remaining shares at A$0.057 each. The board is currently reviewing the offer amid ongoing market speculation.

Kingston Resources has restarted gold concentrate production at its Mineral Hill mine, marking a significant step in its transformation into a multi-product operation. The company aims to begin copper concentrate sales by mid-2026 as it transitions to underground mining.

Central Asia Metals has increased its cash offer for New World Resources shares to A$0.055 and acquired a 5% stake through on-market purchases, signaling renewed momentum in the takeover bid.

Legacy Minerals has completed its inaugural drilling campaign at the Thomson Project in north-west NSW, intersecting extensive quartz-sulphide veins indicative of promising intrusion-related gold and copper mineralisation. Assay results are pending, with further drilling approvals underway to explore additional targets.

New World Resources has successfully completed a placement of 32 million shares at $0.02 each to its board and senior management, following shareholder approval. This move subtly reshapes the company’s capital structure ahead of its copper and base metals projects in the US.

Develop Global has commenced concentrate production and cashflow at its Woodlawn copper/zinc mine, marking a significant milestone in its strategy to become a leading ASX copper and base metals company.

Australian Gold and Copper Ltd has completed its largest aircore drilling campaign at South Cobar, revealing two major gold-silver trends and setting the stage for further exploration success.

Lincoln Minerals has revealed a sophisticated multi-phase copper-base metals system at its Minbrie Project in South Australia, following a detailed re-logging and assay program. With laboratory results pending, the company is gearing up for targeted drilling in the second half of 2025.

Lincoln Minerals has confirmed historical high-grade copper, lead, zinc, and silver assays at its Minbrie project through re-assaying legacy drill core, reinforcing the prospect's district-scale potential in South Australia’s Gawler Craton.

Zinc of Ireland NL has kicked off its inaugural drilling campaign at the Mt Clere project in Western Australia, targeting the large and previously untested ‘Robin 21’ geophysical anomaly. This move revives interest in a site last partially explored by BHP nearly three decades ago.