Latest Direct Shipping Ore News

Korab Resources has completed key geophysical surveys at its Rum Jungle Project and progressed pre-feasibility studies for magnesium products, while navigating ASX suspension and pursuing asset divestments.

Horseshoe Metals reports encouraging RC drilling results at its Horseshoe Lights Copper-Gold Project, confirming wide zones of near-surface oxide copper mineralisation at Motters. The company is advancing towards Direct Shipping Ore operations and progressing offtake negotiations.

Zeotech Limited has locked in a $204 million binding offtake agreement for its kaolin products and successfully demonstrated its AusPozz™ low-carbon metakaolin in a large-scale concrete pour, signaling strong momentum in its commercialisation efforts.

Juno Minerals has completed the sale of its Mount Mason DSO Hematite Project for A$6 million plus a 2% royalty, while maintaining focus on its flagship Mount Ida Magnetite Project.

Black Canyon Limited has confirmed extensive, shallow high-grade manganese and iron mineralisation at its Wandanya Project, with significant strike lengths and widths that remain open for expansion. The company plans diamond drilling and metallurgical testwork to advance development.

Canyon Resources confirms the Minim Martap Bauxite Project as a world-class asset with robust economics and begins construction ahead of first shipment in mid-2026.

CuFe Ltd has raised $5.4 million through a strategic placement to fund exploration and feasibility studies at its Tennant Creek Copper/Gold project, including a focus on critical mineral bismuth.

ABx Group’s subsidiary ABx3 has received a $2.7 million investment from Good Importing International, granting GII 70% ownership to develop the Sunrise Bauxite Project in Queensland. This funding kickstarts a 12–24 month program targeting regulatory approvals and mine planning, with further investment options on the horizon.

AKORA Resources has successfully completed a $2.9 million capital raise and commenced a trenching program at its flagship Bekisopa Iron Ore Project in Madagascar, reinforcing strong local and governmental support as it progresses towards production.

Juno Minerals has completed the sale of its Mount Mason DSO Hematite Project to Gold Valley Yilgarn for A$6 million cash plus a 2% royalty, with production set to start mid-2026. The deal strengthens Juno’s cash position while allowing focus on its flagship Mount Ida Magnetite Project.

Equinox Resources announces CEO Zac Komur will step down in November, with the Board launching a search for his successor amid ongoing development of the Hamersley iron ore project and strategic expansion plans.

AKORA Resources has initiated a surface trenching program at its Bekisopa Iron Ore Project in Madagascar, aiming to extend its high-grade direct shipping ore resource despite ongoing local unrest. The company remains confident in project progress and safety.