Latest Molybdenum News

Austral Resources Australia Ltd has lodged a binding proposal to acquire Hammer Metals, offering a 29.9% premium over a rival bid and proposing a SpinCo demerger of Hammer's WA gold assets. The deal would create a larger, more diversified Queensland copper producer with operational synergies and enhanced exploration potential.

Waratah Minerals has unveiled compelling reverse circulation drilling results linking its Alpine and Gazzards prospects to Spur and Consols, establishing a continuous 6km gold corridor in New South Wales. The findings highlight shallow, high-grade gold mineralisation and set the stage for diamond drilling in late 2026.

Infinity Metals has locked in an exclusive option to acquire 100% of the Tule Canyon molybdenum-copper project in Nevada, tapping into a critical minerals asset with strong historical data and strategic positioning amid soaring molybdenum prices.

Clara Resources (ASX:C7A) sharpened its exploration focus on the Mareeba Gold Project, unveiling seven new targets from a LiDAR survey and expanding its tenure by 111 km². The company also refreshed its leadership and bolstered its cash position through a $1.13 million equity raise.

Larvotto Resources has kicked off processing at Hillgrove's Metz mine while securing the Blockade Copper Mine and moving to acquire Hammer Metals, broadening its critical minerals portfolio.

Stelar Metals has fast-tracked exploration at its newly acquired Hill of Leaders Tungsten Project in the Northern Territory, reporting multiple high-grade tungsten assays exceeding 1% WO₃ and preparing for its maiden Reverse Circulation drilling campaign.

Cannindah Resources has delivered compelling drilling results that expand and upgrade its Mt Cannindah copper-gold resource, alongside initiating metallurgical test work to support a resource update scheduled for Q3 2026.

White Energy's latest drilling at Mount Rainbow-Specimen Hill reveals a complex hydrothermal system with promising copper, gold, and silver mineralisation, sharpening focus on the Southern Copper prospect.

AusQuest has confirmed a continuous 1.5km copper-gold mineralised corridor at its Cangallo project in Peru, with broad intercepts and emerging high-grade zones. Diamond drilling has begun, revealing significant vertical extent and setting the stage for deeper exploration.

Godolphin Resources' JV partner Great Plains Metals has delivered a substantial copper-gold porphyry intercept at Goodrich, NSW, validating the exploration model and highlighting the project's scale potential.

Hammer Metals has agreed to be acquired by Larvotto Resources in a $61.2 million scheme that includes a demerger of its WA gold assets, while facing a higher non-binding $80.7 million proposal from Austral Resources. The board backs Larvotto’s offer pending independent expert approval, as drilling at Kalman advances resource confidence.

Tungsten Mining has locked in a robust economic case for its Watershed project with a pre-tax NPV of A$1.31 billion and IRR near 200%, while launching its largest-ever drilling campaign at Mt Mulgine to underpin long-term growth.