Latest Iron News

New assays from Sinclair Gold’s Mt Henry project extend mineralisation beyond the current 1.8Moz resource at both Mt Henry and Selene. Five rigs are continuing step-out drilling, with 33 holes outside the resource footprint still awaiting assays.

Bayan Mining and Minerals has begun a third phase of surface sampling at its Bayan Springs South gold project in Nevada, extending an open southern anomaly and testing a previously unsampled northern fault intersection. The work is intended to sharpen drill targets, while assays from the company’s completed Desert Star RC program are expected in October 2026.

Macmahon will acquire Aspect Engineering Solutions for a headline enterprise value of A$75 million, adding engineering, minerals processing and project delivery capabilities to its mining services platform. The deal is expected to lift underlying EPS by about 6.2% from inception, although completion and future earnings performance remain important variables.

Alchemy Resources finished FY2026 with a sharply wider loss, lower cash and a smaller asset base, even as drilling delivered strong copper-gold results at Yellow Mountain and high-grade iron results at Valley Bore. The explorer has reshaped its portfolio, but its next phase still depends on exploration success and further funding.

Ionic Rare Earths is pushing toward commercial magnet recycling in Belfast and the United States, but its FY2026 report flags a material uncertainty over its ability to continue as a going concern. The company reported a larger A$14.9 million loss and A$13.9 million in operating cash outflows, despite government support and new strategic partnerships.

Eastern Resources has placed its Queensland Marengo Gold Project at the centre of its exploration strategy after 54 of 60 rock-chip samples returned more than 0.1 ppm gold, including a peak of 12.3 ppm. The company remains an early-stage explorer, with no JORC Mineral Resource yet defined and A$3.27 million in cash at year-end.

Arrow Minerals has applied for an iron ore exploration tenement adjoining Rio Tinto's Robe Valley operations in Western Australia, a move that could expand its prospective landholding by 30% to 415 square kilometres. The application remains subject to tenure award, and no resource or economic estimate has been announced.

Mt Malcolm Mines has identified four copper-gold exploration targets across its Malcolm Project, led by selective Braiser rock chips grading up to 1.37% copper. The broader target inventory is promising but remains early-stage, with no new drilling completed and most geochemical signals still awaiting laboratory verification.

Albright Metals will surrender its Gabanintha mineral rights to Australian Vanadium in return for $1.75 million, a 0.75% royalty and a sharper focus on its Canadian flagship. The package includes $500,000 in cash and $1.25 million of Australian Vanadium shares, although the final share count is yet to be determined.

Red Metal’s Sybella project has moved closer to a development decision after heap-leach testing delivered strong rare earth extractions with low impurity levels. The company also reported a $19.17 million FY2026 profit, although most of that result came from the accounting gain tied to its Maronan Metals restructuring.

Meeka Metals has lifted its group Mineral Resource to approximately 1.5 million ounces after adding a maiden 270koz estimate for Mt Holland in Western Australia. The expansion comes with a sharper distinction between exploration potential and mine-ready inventory, as Ore Reserves fell to 355koz after depletion and portfolio changes.

Li-S Energy says its Geelong lithium-sulfur production line is complete and has delivered 10Ah Power Cells to the US Army for testing. The company is targeting its first commercial battery sale in 2027, while holding A$15.6 million in cash and investments and A$9.3 million in secured grants yet to be received.