Latest Molybdenum News

Olympio Metals has confirmed promising high-grade gold soil anomalies at its Bousquet Gold Project in Quebec, highlighting a new priority target and preparing to resume drilling following significant historical intercepts.

Gold Mountain Limited reports significant new rare earth oxide anomalies and a large gold target at its Down Under Project in Brazil, reinforcing its position in an emerging world-class rare earth province.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

FMR Resources has extended its latest diamond drillhole at the Llahuin Project’s Target C, intersecting visual copper and molybdenum mineralisation linked to a key geophysical anomaly. This marks a promising step towards pinpointing the core of a significant porphyry copper-gold-molybdenum system.

Premier1 Lithium has kicked off a significant reverse circulation drilling campaign at its Mt Kersey gold prospect within the Yalgoo Project, aiming to unlock the potential of a highly prospective 5 square kilometre mineralised zone.

FMR Resources has extended its second diamond drillhole at the Southern Porphyry target within the Llahuin Project JV in Chile, uncovering visual copper and molybdenite mineralisation linked to a key geophysical anomaly. This advancement sharpens the focus on the core of a significant porphyry system.

Lodestar Minerals has acquired sole access rights to the Los Loros copper-molybdenum-gold porphyry project in Chile, setting the stage for a maiden drilling campaign in April 2026. The project features significant historical mineralisation and is strategically located near key infrastructure in a prolific mining region.

Small caps did the heavy lifting this week, led by two big discovery stories in resources. Funding raises and takeover moves kept attention on who can pay for the next step, not just promise it.

Speculative money piled into new discoveries and tight-supply metals, while a handful of small caps were sold hard on thin liquidity. The week’s biggest moves came from PGMs and tungsten on the way up, and micro-cap gas on the way down.

Lithium Energy Limited has completed the sale of its Solaroz Lithium Brine Project, receiving US$21.7 million in cash and setting the stage for renewed focus on its graphite and gold-copper assets. The company is actively progressing exploration and development programs to meet ASX reinstatement criteria.

Pacific Resources Limited (ASX, PXR) has executed a 19-month option to acquire the high-grade Eastern Victorian Goldfields Project, while progressing exploration at its Tasmanian assets and completing a $1.5 million placement.

Tungsten Mining NL reports a robust December quarter marked by soaring tungsten prices, a landmark scoping study at Mt Mulgine, and a $53 million capital raise, positioning the company for accelerated development.