Latest Metals News

Chalice Mining has achieved a major metallurgical breakthrough at its Gonneville Project, enabling the production of saleable copper and nickel concentrates from low-grade ores without costly hydrometallurgical processing. This innovation promises to significantly reduce capital and operating costs while improving project margins.

James Bay Minerals has bolstered its executive team with founder Matthew Hayes stepping in as Executive Director and Andrew Dornan moving to Executive Chair, alongside key technical appointments aimed at advancing its Independence Gold Project in Nevada.

Lunnon Metals reports outstanding metallurgical test results from its Lady Herial gold prospect, achieving an average 95% gold recovery and highlighting significant gravity recoverable gold. These findings pave the way for accelerated development and potential cash flow generation.

Great Western Exploration has identified two substantial conductors with strong potential for Volcanic Hosted Massive Sulphide (VHMS) mineralisation at its Oval Copper-Gold Target in Western Australia, setting the stage for imminent drilling campaigns.

Red Mountain Mining has pinpointed multiple promising antimony and gold targets at its Armidale project in NSW, launching a detailed sampling campaign to unlock the area's largely untapped potential.

BlueScope Steel reported steady revenue of $8.59 billion for the first half of FY2025, maintaining solid earnings despite challenging raw material costs and subdued housing demand. The company’s diversified operations and ongoing capital investments underpin its resilience amid market headwinds.

MinRex Resources has closed its pro-rata non-renounceable entitlement option offer, raising $97,581 with a significant shortfall still available for subscription over the next three months.

Patriot Battery Metals reported a Q3 net loss of $2.23 million and a nine-month loss of $5.60 million, reflecting heavy investment in its flagship Shaakichiuwaanaan lithium project. A strategic $69 million private placement with Volkswagen post-quarter end underscores growing industry confidence.

Neometals has received a second tranche of funding from EU-backed EIT RawMaterials, injecting nearly €0.5 million to advance its Finnish Vanadium Recovery Project amid ongoing financing efforts.

Scorpion Minerals has expanded its footprint in the Murchison Gold Province through a strategic farm-in and joint venture agreement with E79 Gold Mines, aiming to earn a 70% stake in the Jungar Flats Gold Project. Supported by a $1.5 million placement, the company is poised to commence drilling on high-grade targets imminently.

Axel REE has engaged SRK Consulting and ANSTO to initiate a maiden Mineral Resource Estimate and metallurgical testing for rare earth elements and gallium at its flagship Caladão Project in Brazil, marking a pivotal step in developing one of the world’s few combined REE and gallium resources.

Siren Gold has restarted drilling at its Sams Creek Project in New Zealand, aiming to expand its 824,000-ounce gold resource by targeting deeper porphyry structures and fold hinges. The company plans a focused drilling campaign and mining study in 2025 to unlock further value.