Latest Metals News

Godolphin Resources has released a Scoping Study for its Lewis Ponds project in NSW, revealing strong economics with a 12-year mine life and a pre-tax NPV of AUD$481 million under conservative metal prices.

TG Metals Limited has reported significant new drilling results from its Van Uden Gold Project, revealing thick, high-grade gold intercepts that extend mineralisation beyond current resource boundaries. These findings underpin an upcoming resource update and signal promising development prospects.

Patriot Resources has announced a significant maiden inferred mineral resource of 31.4 million ounces silver equivalent at its Tassa Project in Southern Peru, highlighting a large-scale epithermal polymetallic system open in all directions.

Osmond Resources is advancing downstream processing opportunities for rare earths, rutile, and silicon at its Orión project in Spain, aiming to leverage strong grades and scale to capture additional value and funding.

Sunshine Metals has released a comprehensive scoping study for its Liontown Gold Operation in North Queensland, outlining a promising initial production target of approximately 75,000 ounces of gold and 654,000 ounces of silver. The study highlights strong financial metrics and a pathway to production by late 2026, with further resource updates expected.

Legend Mining’s latest geophysical surveys at Pyrophyllite Hill within the Pinnacle Well Project reveal promising signs of gold mineralisation alongside confirmed industrial mineral potential, setting the stage for upcoming drilling campaigns.

Lunnon Metals has locked in a $6 million secured loan to fund critical pre-production activities at its Lady Herial gold project, marking a key step toward mining commencement.

BlueScope Steel reported a robust first half of FY2026 with underlying EBIT soaring 81% to $557.5 million and announced a $3.00 per share shareholder return plan, while decisively rejecting a $30 per share takeover proposal.

Contact Energy has announced a $525 million equity raise to accelerate its renewable energy projects, following a strong first half of FY26 with significant profit growth and strategic acquisitions.

Sky Metals Limited has raised $20.5 million through a share placement to accelerate development of its flagship Tallebung Tin Project in NSW, positioning the company for near-term tin production.

AuMEGA Metals has launched a C$10 million private placement to fund an extensive drilling program targeting high-potential gold and base metal prospects in Newfoundland’s Cape Ray District. The financing aims to unlock value from its significant mineral resources and strategic landholdings.

Metal Bank Limited has entered a non-binding MOU with Austral Resources to explore toll treatment of ore from the Millennium Project at Austral’s nearby Rocklands facility, aiming to advance a promising copper-cobalt-gold resource in NW Queensland.