Latest Molybdenum News

Bubalus Resources has reported promising maiden drilling results at its Crosbie South prospect in Victoria, revealing high-grade gold mineralisation with significant associated elements. The discovery confirms an intrusion-related gold system with potential for further expansion.

Legend Mining Limited has completed the acquisition of the Pinnacle Well Project in Western Australia, marking its strategic entry into gold exploration while continuing progress at its Rockford Project.

Lithium Energy Limited has completed the first tranche acquisition of a majority interest in the Capricorn Gold-Copper Belt Project, unlocking access to a historically rich gold-copper region in central Queensland. The company is poised to deploy modern exploration techniques backed by government funding to advance the project.

Tungsten Mining NL is pivoting its Mt Mulgine Project development by targeting near-surface oxide gold to generate early cash flow and support its long-term tungsten ambitions. A 10-week integrated scoping study will soon assess this dual-resource approach.

Caravel Minerals has initiated the engineering tendering process for its Caravel Copper Project, aiming to award contracts from August 2025. This follows a simplified plant design and a $15 million loan facility, positioning the project for streamlined development.

Ragnar Metals has significantly expanded its exploration footprint in Southern Sweden, revealing promising Iron Oxide Copper Gold (IOCG)-style mineralisation through initial sampling at multiple prospects.

FMR Resources has completed detailed geological mapping and historic drillhole re-logging at its Southern Porphyry target in Chile, confirming surface indications of a copper porphyry system and setting the stage for drilling in late 2025.

Gold Mountain Limited reports promising high-grade rare earth element anomalies and new gold targets at its Varzedo Prospect in Brazil, advancing its Down Under Rare Earths Project.

Golden Cross Resources has completed an extensive surface geochemistry sampling program at its Copper Hill project in NSW, revealing isolated copper and gold anomalies that refine exploration targets.

Terra Uranium Limited (ASX, T92) has agreed to acquire Dundee Resources Pty Ltd, gaining control of the Glen Eden project, the largest undeveloped tungsten-molybdenum deposit in New South Wales, backed by a $865,000 placement to fund exploration.

Tasman Resources has identified a large, prospective conductive target zone near its historic Vulcan drill hole VUD 008, opening a promising new chapter in copper-gold exploration.

Aldoro Resources has reported significant assay results confirming a substantial northward extension of mineralisation at its Kameelburg Niobium and Rare Earth Elements deposit. The company is also expanding its drilling program and acquiring new rigs to deepen exploration.