Latest Metals X News

Mamba Exploration has secured a $6.0 million placement, attracted a $500,000 investment from New Murchison Gold and added former Westgold founder Peter Cook as a strategic adviser. The funding will support drilling at Meeka East and a staged earn-in over the early-stage Poison Hills project, where selective rock chips returned high silver, gold, copper and lead grades.

Stellar Resources has lifted its Heemskirk tin resource to 115.3kt of contained tin while technical studies move toward a prefeasibility study outcome. The company is better funded, but remains pre-revenue and faces the usual capital, permitting and execution hurdles of mine development.

Cadence Opportunities Fund Limited (ASX:CDO) delivered a record $5.66 million after-tax profit and a 30.3% fund return in FY2026. The listed investment company is entering the new year with elevated cash, reduced gold exposure and a discounted share purchase plan underway.

Metals X reported a steady tin output at Renison with a 5.9% tin price lift boosting revenue and EBITDA despite increased costs and a marginal net cash flow dip. Capital projects and exploration advanced, while the company’s strong cash reserves underpin its growth ambitions.

Tanami Gold has secured $70.5 million through a fully underwritten rights issue to fund its Central Tanami Project development, including a major underground decline and resumed drilling at Jims Gold Mine.

Stellar Resources has boosted its Heemskirk Tin Project resource by 64% at Severn, pushing total contained tin to over 129,000 tonnes, while advancing prefeasibility studies and securing a $22.1 million capital raise.

Stellar Resources has secured the Ringville Exploration Licence adjacent to the Renison Tin Mine, significantly boosting its East Renison Project. The licence covers key geological structures linked to tin mineralisation and sets the stage for drilling in 2027.

Metals X has increased the Renison Tin Operation's mineral resource tonnage and contained tin, offsetting a slight decline in grade, reflecting ongoing drilling success and resource replenishment.

Lode Resources has discovered a new silver-zinc replacement mineralisation system adjacent to its existing Montezuma silver-antimony resource in Tasmania, opening a fresh exploration front with potential to significantly expand its 8.2Moz AgEq resource base.

Stellar Resources has returned strong high-grade tin results at its Montana deposit, complementing near-complete drilling at Severn and reinforcing the Heemskirk Tin Project's status as Australia's highest-grade undeveloped tin resource.

Tanami Gold NL (ASX:TAM) is raising $70.5 million through a fully underwritten renounceable rights issue priced at $0.06 per share, a 34.78% discount to the last traded price, to finance development of its Central Tanami Project.

Stellar Resources has raised $22.1 million through a placement led by Metals X, boosting its cash reserves to $33 million and setting the stage for key feasibility studies at Heemskirk.