Latest Metallurgical Testwork News

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

Sky Metals Limited has raised $20.5 million through a share placement to accelerate development of its flagship Tallebung Tin Project in NSW, positioning the company for near-term tin production.

Metal Bank Limited has entered a non-binding MOU with Austral Resources to explore toll treatment of ore from the Millennium Project at Austral’s nearby Rocklands facility, aiming to advance a promising copper-cobalt-gold resource in NW Queensland.

Axel REE is fast-tracking field recovery trials at its Caladão Project, leveraging proven in situ recovery methods and a rare gallium resource to position itself uniquely in the critical minerals space.

LinQ Minerals has reported a major shallow gold and copper discovery 160 metres south of its Gidginbung open pit, revealing thicker and higher-grade mineralisation than previously expected. This breakthrough could significantly expand the resource potential of the Gilmore Project in New South Wales.

Rumble Resources has reported significant high-grade gold intercepts extending mineralisation at Western Queen South to over 500 metres down plunge, alongside strong early drilling results at Western Queen Central. These findings underpin an updated gold resource estimate planned for later this year.

Wildcat Resources has successfully intercepted spodumene in every drill hole at its Bolt Cutter Central lithium discovery in Western Australia, advancing metallurgical testing and exploration plans.

Terra Metals has confirmed a substantial new titanium-vanadium-gallium mineralised system at its Southwest Prospect, dramatically expanding the Dante Project’s resource potential with critical metals now in focus.

BMG Resources is set to begin a significant 10,000-metre diamond drilling campaign at its Abercromby Gold Project in Western Australia, aiming to grow and upgrade its existing 518,000-ounce gold resource. The drilling will focus on high-grade lodes within the Capital Deposit, with results feeding into mine planning and a scoping study due this quarter.

Kingsgate Consolidated capped a transformational 2025 with a 344% share price surge and strong cash position, setting ambitious production and exploration targets for 2026.

InVert Graphite’s latest drilling results from its Morogoro Project in Tanzania reveal wide zones of high-grade graphite, with assays hitting up to 21.5% Total Graphitic Carbon. These findings bolster confidence in the project’s scale and quality ahead of further exploration.