Latest Metals Production News

KGL Resources delivers a robust Baseline Economic Model for its Jervois Copper-Silver-Gold Project, highlighting a pre-tax NPV8 of A$1.226 billion and a 37% IRR, underpinning imminent project financing and construction plans.

Lynas Rare Earths reported a record A$265 million quarterly revenue in Q3 FY26, driven by higher NdPr prices and production milestones including early Samarium oxide output. The company secured a 10-year Malaysian operating licence and extended a key supply deal with Japanese partner JARE through 2038.

29Metals Limited (ASX:29M) swung to a $24 million net profit in 2025, powered by steady copper output at Golden Grove despite seismic disruptions, cost efficiencies, and key progress on growth projects including Gossan Valley and Capricorn Copper restart.

29Metals confirms additional groundworks at Xantho Extended will push back full mining resumption, leading to lowered zinc, gold, and silver production forecasts while maintaining copper output.

Sovereign Metals has delivered a definitive feasibility study (DFS) for its Kasiya Rutile-Graphite Project in Malawi, revealing robust economics, a 25-year mine life, and the potential to become the world’s largest producer of natural rutile and flake graphite, both critical minerals for Western supply chains.

Larvotto Resources has engaged former Federal Senator The Hon. David Fawcett as a Strategic Advisor to support positioning its Hillgrove antimony production within national security and critical minerals supply chains.

G50 Corp Limited reports encouraging metallurgical test results from its Golconda Project in Arizona, demonstrating the ability to concentrate gallium using established, cost-effective processing techniques. The findings support the potential for a strategic domestic gallium supply integrated with precious metals production.

Lunnon Metals reports steady progress at its Lady Herial gold mine alongside the discovery of a new gold-bearing structure northwest of the site, highlighting promising potential for future underground mining.

Latrobe Magnesium has locked in a US$2 million non-dilutive prepayment from its US distribution partner to accelerate commissioning of its Demonstration Plant, aiming for first magnesium deliveries in late 2026.

Felix Gold has exercised its option to acquire 100% ownership of the Treasure Creek mining claims in Alaska, securing a strategic foothold in a project hosting high-grade antimony ore that meets U.S. military specifications alongside significant gold resources.

Western Mines Group has signed a Memorandum of Understanding with Magnium Australia to explore supplying magnesite from the Mulga Tank Project for low-carbon magnesium metal production. This collaboration could add a new revenue stream by monetising a previously overlooked magnesite cap.

Latrobe Magnesium Limited has successfully produced around 20 tonnes of high-grade Magnesium Oxide from its Hazelwood North Demonstration Plant, paving the way for magnesium metal production later this year.