Latest Metals X News

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.

Metals X reported its fourth highest quarterly tin production at Renison with robust financials despite rising unit costs, while progressing the Rentails project and maintaining a strong cash position.

Metals X Limited reported a robust 2025 financial year with revenue up 30% to $285 million, driven by higher tin prices despite a slight dip in production. The company is advancing its key growth project, Rentails, targeting a final investment decision in late 2026.

NGE Capital Limited reported a remarkable 148% increase in profit after tax for the year ended 31 December 2025, driven by strong gains in uranium and mining investments. The company’s net tangible asset backing per share rose 25.7%, reflecting robust portfolio performance amid a volatile macroeconomic backdrop.