Latest Metals News

Genesis Resources’ recent rock chip sampling at its Arltunga tenement in the Northern Territory has revealed multiple high-grade gold assays, including a standout 28.8 g/t Au at WP-10, prompting plans for targeted drilling in 2027. Sampling at Alice Springs was limited by weather but flagged a significant copper anomaly.

Lode Resources has uncovered fresh silver-zinc and silver-antimony mineralisation at its Montezuma project in Tasmania, broadening the scope of its high-grade resource. Drilling continues to probe the scale and continuity of these promising discoveries.

Koonenberry Gold has kicked off a seven-hole RC and diamond drilling program at its Dunedoo Project in NSW, targeting the untested Bolinda Vale copper-gold porphyry system and the Hillside gold-silver anomalies.

Zinc of Ireland (ASX: ZMI) has fast-tracked its ARGO technology development to recover germanium, gallium, and indium, targeting early 2027 for pilot plant operations. The move aligns with EU regulatory demands for critical minerals and aims to reduce waste and emissions in zinc smelting.

Pivotal Metals has secured an option to acquire the Bambino Project in Québec, significantly enlarging its high-grade copper-nickel-platinum group metals footprint at the Belleterre district. The acquisition consolidates a 6km mineralised trend and sets the stage for systematic exploration with planned geophysics and drilling.

Codan Limited posted a robust FY26 with revenue up 30% to $875 million and net profit soaring 69% to $175 million, underpinned by strong demand in communications and metal detection segments. The company declared a fully franked final dividend of 29 cents, lifting the full-year payout by 70%.

CZR Resources Ltd (ASX:CZR) has launched an all-scrip off-market takeover bid for Zuleika Gold Limited (ASX:ZAG), offering 0.1742 CZR shares per Zuleika share, valuing Zuleika at approximately $44.8 million and representing a premium of over 40% to recent prices.

AusQuest’s maiden RC drilling at Lantana in Peru confirms porphyry-related alteration and anomalous copper, pointing to a concealed mineralised system beneath cover. The results set the stage for targeted geophysical surveys and follow-up drilling.

Fortescue Ltd delivered a record 201.3 million tonnes of iron ore in FY26, alongside a 3% rise in underlying net profit after tax to US$3.47 billion, despite a significant $750 million impairment charge on its Iron Bridge asset. The miner declared a fully franked final dividend of A$0.46 per share and continues to advance its ambitious decarbonisation and growth agenda.

Terra Metals has pushed the boundaries of its Southwest sulfide discovery at the Dante Project, extending the mineralised strike by 150 metres to over 1,100 metres and confirming multiple high-grade reef zones. The system remains open, with ongoing drilling and assay results set to further define this promising PGM-Cu-Ni-Co corridor.

Catalina Resources has uncovered a promising intrusion-related tungsten-polymetallic system at its Tallering Project in Western Australia, highlighted by strong W-Mo-Bi mineralisation and a priority drill target from an untested eastern IP anomaly.

Loyal Metals (ASX:LLM) schedules a key court hearing on 24 August to approve PT Bumi Resources’ A$79 million takeover scheme, with most conditions including shareholder approval and project acquisitions progressing smoothly.