Latest Metals News

Sultan Resources announces the acquisition of three promising mineral projects spanning gold and critical minerals in Namibia and Western Australia, bolstering its portfolio in tier-1 jurisdictions. The deal includes a substantial inferred rubidium-lithium resource and promising nickel-copper-PGE targets.

ABx Group reports strong heavy rare earth extraction results from larger-scale tests at its Deep Leads project, reinforcing the potential for low-cost, environmentally friendly production. ANSTO remains on track to deliver a mixed rare earth carbonate sample by Q4 2025.

Falcon Metals has confirmed exceptionally high-grade gold mineralisation at its Blue Moon project in Victoria’s Bendigo Zone, with drill results including 1.2 metres at 543 grams per tonne gold. This breakthrough underscores the untapped potential of the historic Bendigo Goldfield extending onto Falcon’s tenure.

Cygnus Metals reports a substantial 78% increase in Measured and Indicated resources at its Chibougamau Copper-Gold Project, highlighted by the initial resource estimate for the new Golden Eye deposit. This milestone underpins an updated economic study amid rising commodity prices.

Orion Minerals has taken a major step toward production by signing a non-binding term sheet with Glencore for up to US$250 million in financing and offtake agreements for its Prieska Copper Zinc Mine.

OD6 Metals has launched a metallurgical diamond core drilling program at its Splinter Rock Rare Earth Project, aiming to refine heap leach processing and produce high-quality rare earth samples for offtake talks.

Redstone Resources has reported a significant copper intersection at its Chatsworth Prospect in Western Australia, revealing promising mineralisation that could signal a larger nickel-copper-cobalt system nearby.

CZR Resources has completed a $75 million cash sale of its Robe Mesa iron ore asset, leaving it debt-free and well-funded for aggressive exploration. The company is gearing up for drilling programs across its gold, copper-zinc-silver, and iron ore projects in Western Australia.

Patronus Resources (ASX, PTN) reveals a robust financial position with $70 million in cash and investments against a market cap near $100 million, underpinned by 2.3 million ounces gold equivalent resources in Tier-1 Australian jurisdictions. The company’s active exploration and strategic acquisitions signal promising growth ahead.

Auravelle Metals has wrapped up its second targeted drilling campaign in South Australia, testing promising gold zones and a significant calcrete anomaly, with assay results due in the coming weeks.

Vulcan Steel has successfully closed its retail entitlement offer, contributing to a total capital raise of approximately A$146.5 million. The new shares will begin trading next week, marking a significant step in the company’s growth trajectory.

Cobalt Blue Holdings has secured a crucial works approval for its Kwinana Cobalt Refinery, pushing Australia’s first dedicated cobalt processing plant closer to a final investment decision by the end of 2025.