Latest Metals News

Nico Resources has progressed key development activities at its Wingellina nickel-cobalt project, preparing for an infill drilling campaign as nickel and cobalt prices rally on Indonesian supply policy shifts.

Capricorn Metals reported solid December quarter gold production at Karlawinda, advanced its Mt Gibson exploration and development, and completed the Warriedar acquisition, positioning itself for growth in FY26.

Torque Metals is advancing its Paris Gold Camp project in Western Australia, moving from exploration to development readiness with a 250,000-ounce gold resource and an aggressive drilling program.

Asian Battery Metals has reported significant exploration progress at its Oval Cu-Ni-PGE project in Mongolia, including new high-grade drill intercepts and refined geophysical models that expand the known mineralised strike to 880 metres.

Askari Metals has completed a strategic acquisition of the Nejo Gold and Copper Project in Ethiopia and is poised to launch its maiden drilling campaign in early 2026, backed by a strengthened balance sheet and a clear focus on African critical metals.

Exultant Mining Limited has marked a strong start post-IPO with promising early exploration results and a robust cash position, setting the stage for systematic drilling in 2026.

Krakatoa Resources has confirmed high-grade antimony and gold mineralisation at its Zopkhito Project in Georgia through its maiden drilling program, reinforcing historical estimates and setting the stage for a JORC-compliant resource.

Mandrake Resources advances its Utah Lithium Project with a significant 3.3Mt lithium carbonate equivalent inferred resource, alongside key agreements for lithium offtake and uranium recovery.

Australian Silica Quartz Group advances metallurgical and high purity quartz projects with promising assay results, while progressing gold exploration at Koolyanobbing. The company strengthens its balance sheet following a rural property sale.

Metallium Limited has kicked off commissioning at its Texas Technology Campus, sealed a multi-year feedstock deal with Glencore, and bolstered its balance sheet with a A$75 million capital raise, setting the stage for commercialisation in 2026.

Sheffield Resources reported a 7% decline in ore mined and a 15% drop in concentrate production for the December quarter, while maintaining strong zircon concentrate shipments despite challenging market conditions. The company is advancing loan restructuring efforts and preparing for steady production in early 2026.

IGO Limited reports a robust quarter with improved safety, higher spodumene production and prices at Greenbushes, successful commissioning of CGP3, and solid performance at Nova. Despite challenges at Kwinana refinery, the group’s underlying EBITDA and cash flow strengthened.