Latest Heap Leach News

Australian Strategic Materials reports a 70% surge in NdFeB alloy production, installs pilot heavy rare earth furnace, and progresses its acquisition by Energy Fuels with regulatory approvals underway.

West Cobar Metals reports promising heap leach testwork at Salazar with strong rare earth recoveries, a significant expansion of its Bulla Park copper-antimony tenure, and confirmed widespread gold mineralisation at Mystique.

Anax Metals’ updated DFS for Whim Creek reveals a 113% surge in free cash flow to A$723 million, underpinned by a decade-long mine life and rapid payback. The company’s $10 million capital raise strengthens its balance sheet following full repayment of a $3.5 million loan.

Bannerman Energy has locked in a landmark US$321.5 million strategic investment from CNNC Overseas Limited, enabling debt-free construction of its Etango Uranium Project and setting the stage for a Final Investment Decision in H2 2026.

TG Metals has expanded its Van Uden gold resource to 270,800 ounces with a 120% increase in indicated ounces, discovered new mineralisation 550m south, and filed a lithium processing patent at Lake Johnston.

Red Metal Limited is progressing key rare earth and base metal projects across Australia, securing government grants and proposing a major Maronan Metals share distribution to shareholders.

OzAurum Resources has reported robust shallow gold intercepts from initial drilling at its Mulgabbie North Paleochannel Project, reinforcing potential for resource growth along a 4km trend.

AusQuest has confirmed a vast copper-gold system at its Cangallo project in Peru, revealing broad mineralisation and multiple higher-grade zones. Meanwhile, exploration momentum continues in Australia under a South32 alliance, with key drilling programs poised to start.

Alliance Nickel is pursuing capital cost savings at its NiWest Nickel-Cobalt Project through vat leaching trials while reporting promising gold assay results from initial drilling at Australia United. A $4.15 million entitlement offer aims to fund these efforts amid ongoing offtake renegotiations with Stellantis.

Australian Rare Earths Limited (ASX: AR3) reported robust progress at its Koppamurra Rare Earths Project, delivering a high-purity Mixed Rare Earth Oxide pathway with near-complete rare earth recovery and improved heap leach performance. Concurrently, the company defined new uranium targets at Overland with drilling imminent, supported by a strengthened balance sheet following a $6 million placement and government grants.

Tartana Minerals has raised $4.5 million to accelerate drilling and boost copper sulphate production, underpinning its extensive critical metals portfolio in Far North Queensland.

OD6 Metals has secured a strategic foothold in the US critical minerals market by acquiring the Quinn Fluorspar Project in Nevada, delivering ultra-high-grade assay results and commencing systematic exploration. Meanwhile, metallurgical progress at its Splinter Rock rare earths project and new copper targets at Gulf Creek underpin a diversified critical minerals portfolio.