Latest Gold And Base Metals News

Metals Australia Ltd reveals a 3.3-fold increase in its Lac Carheil graphite resource alongside promising assay results for precious and base metals, setting the stage for value-added by-product recovery.

S2 Resources has significantly expanded its Jillewarra project area over a highly prospective gold shear zone and completed drilling at West Murchison, with assay results pending. Meanwhile, Glenlogan assays returned no significant mineralisation.

QMines Limited has raised $7.5 million through a strongly supported placement to accelerate exploration at its Mt Mackenzie, Mt Chalmers, and Develin Creek projects, positioning the company for growth in gold and base metals.

Resolution Minerals has secured US Forest Service approval to extend and expand its drilling program at the Horse Heaven project in Idaho, doubling planned holes and increasing land holdings by 600 acres.

S2 Resources is set to begin diamond drilling within weeks at its Warraweena project in northern New South Wales, following promising historical drill results and an ongoing gravity survey extension. The project targets multiple mineralisation styles, including gold, copper, nickel, and base metals.

My Foodie Box Limited, soon to be Tarrina Resources Limited, is pivoting from meal kits to mineral exploration by acquiring promising gold and base metal projects and raising $5 million to fund exploration.

Metal Bank Limited (ASX – MBK) has announced a partially underwritten entitlement offer aiming to raise $2.32 million to fast-track its Western Australia gold projects and explore graphite potential in Queensland. The offer, priced at $0.014 per share, is supported by Equator Capital Management Ltd and targets existing shareholders.

Sunshine Metals has completed nine diamond drill holes at its Sybil project’s Francis Creek prospect, intersecting multiple epithermal gold veins with encouraging geological textures. First assay results are expected in early October 2025, potentially shaping the future of this underexplored Queensland gold system.

Auravelle Resources reports standout high-grade gold results from its South Australian projects and outlines a robust exploration agenda targeting major gold deposits nearby.

Tolu Minerals’ recent airborne magneto-telluric survey has identified a large, deep porphyry system at Mt. Olom, Papua New Guinea, supported by significant historical copper, molybdenum, gold, and silver mineralisation. The company plans systematic follow-up including drilling to unlock this promising copper-gold opportunity.

Falcon Metals has confirmed exceptionally high-grade gold mineralisation at its Blue Moon project in Victoria’s Bendigo Zone, with drill results including 1.2 metres at 543 grams per tonne gold. This breakthrough underscores the untapped potential of the historic Bendigo Goldfield extending onto Falcon’s tenure.

Patronus Resources (ASX, PTN) reveals a robust financial position with $70 million in cash and investments against a market cap near $100 million, underpinned by 2.3 million ounces gold equivalent resources in Tier-1 Australian jurisdictions. The company’s active exploration and strategic acquisitions signal promising growth ahead.