Latest Materials News

Medallion Metals Limited has intersected substantial semi-massive to massive sulphides in its latest diamond drilling at the Trilogy Deposit, setting the stage for potential commercialisation via existing Forrestania infrastructure.

Mt Malcolm Mines NL’s bulk sampling program at the Golden Crown Prospect has yielded 122.4 ounces of gold doré, reinforcing the site’s ultra-high-grade gold mineralisation and underpinning plans for future mining development.

Ora Banda Mining reports a robust December quarter, boosting cash reserves to $57.8 million and advancing underground operations at Riverina and Sand King towards a 150koz production target in FY26.

Meeka Metals reports continued high-grade gold intersections at its Turnberry site within the Murchison Gold Project, reinforcing strong production prospects as mining is set to begin in March 2025.

Rio Tinto's Q4 2024 production results reflect steady operational performance with record bauxite output and significant progress on key growth projects like Oyu Tolgoi and Rincon lithium expansion.

Indiana Resources Limited has confirmed a new high-grade gold zone at its Minos Gold Prospect in South Australia, with assays revealing grades up to 45.8 g/t gold. The company is accelerating its 2025 drilling program to expand this promising discovery.

Green Critical Minerals Limited (ASX: GCM) has temporarily paused trading of its securities, signaling an impending announcement that investors should watch closely.

5E Advanced Materials has entered a pivotal Restructuring Support Agreement with its primary lenders to equitize $63.5 million in convertible notes and secure up to $30 million in funding. The transaction, subject to shareholder approval, aims to strengthen the balance sheet and advance the company toward its Final Investment Decision.

Resources & Energy Group Ltd (REZ) has clarified recent trading activity in its shares, attributing the surge to a significant rise in gold prices rather than undisclosed information. The company remains focused on its Maranoa gold recovery program, with further results pending.

Elixir Energy has secured an independent certification for a maiden contingent resource of 245 billion cubic feet of deep dry coal gas, lifting its Grandis Gas Project’s recoverable resources by 17%. This milestone underscores the significant untapped potential within the Taroom Trough’s deep coal formations.

5E Advanced Materials has announced a $30 million funding package alongside a significant restructuring of its convertible notes, aiming to strengthen its balance sheet and advance toward a Final Investment Decision.

Golden Deeps Ltd has initiated a targeted diamond drilling program to test extensions of the Nosib copper-silver deposit in Namibia, aiming to build on promising earlier results that suggest thicker and higher-grade mineralisation at depth and to the west.