Latest Metals News

iTech Minerals has identified two extensive high-grade antimony zones at its Reynolds Range project in the Northern Territory, revealing significant mineralisation previously overlooked. The company plans to commence drilling later this year to explore these promising targets further.

Fat Prophets Global Contrarian Fund Limited invites eligible shareholders to participate in a $30 million Share Purchase Plan aimed at strengthening capital and enhancing liquidity without brokerage fees.

Sunshine Metals has initiated diamond drilling at Liontown North, backed by a Queensland government grant, aiming to validate a new geological fold model that could extend the Liontown gold resource. Concurrent drilling at Sybil and upcoming resource updates promise a busy exploration period.

Canterbury Resources has begun drilling a deep 900m diamond hole at its Briggs Copper Project, aiming to unlock new resource potential adjacent to the existing deposit. Supported by a government grant and a joint venture partner, this drilling campaign could reshape the project’s outlook.

Sims Limited reported a 4.1% rise in FY25 sales revenue to A$7.494 billion and a near tripling of underlying EBIT to A$174.9 million, driven by improved trading margins and strong growth in lifecycle services. The company’s strategic focus on decarbonisation and circular economy positions it well for sustained demand, especially from AI-driven data centre expansion.

Sims Limited reported a 4.1% rise in FY25 sales revenue to $7.49 billion and a 198% surge in underlying EBIT, driven by strong metal trading margins and AI-related demand growth. The company also boosted its fully franked dividend by 130%, signaling confidence despite ongoing market headwinds.

Challenger Gold’s Argentinian subsidiary has obtained the crucial explosives permit to begin drill and blast operations for toll milling at the Hualilan Gold Project, unlocking near-term cash flow potential. The company’s recent Pre-Feasibility Study underscores robust economics, setting the stage for accelerated development.

Sims Limited has announced a fully franked ordinary dividend of AUD 0.13 per share for the six months ending June 2025, signaling steady shareholder returns amid ongoing market conditions.

Alma Metals has initiated a 900m deep diamond drilling program at its Briggs Copper Project, targeting a key geophysical anomaly adjacent to existing resources. Supported by a $250,000 Queensland Government grant, early drilling has revealed visible copper mineralisation, with assay results anticipated next quarter.

Lincoln Minerals has verified a continuous multi-metal sulphide system extending over 7km at its Minbrie Project in South Australia, setting the stage for a high-impact drilling campaign in late 2025.

Metals Australia has dramatically expanded its Lac Carheil Graphite Project resource in Quebec, tripling contained graphite to 5.1 million tonnes and advancing a pre-feasibility study that positions the project as a key player in North America's critical minerals landscape.

Deterra Royalties reported a 10% rise in underlying EBITDA to $250 million for FY25, driven by record iron ore volumes and strong gold offtake revenue. The company declared a fully franked 13 cent final dividend and is progressing construction at the Thacker Pass lithium project, targeting production in late 2027.