Latest Nickel And Copper News

Nordic Resources increased its FY2026 loss as it accelerated exploration in Finland, drilling nearly 11,500 metres across its gold projects and ending the year with A$8.48 million in cash. The next test is whether drilling, metallurgy and permitting can turn a growing resource base into a mine development case.

Western Yilgarn expanded its inferred bauxite inventory to 244Mt and added gallium, tellurium, cobalt, scandium and gold targets during FY2026. But the explorer ended the year with $159,481 in cash, a $1.78 million loss and an auditor warning that further funding is required to continue planned activities.

Pivotal Metals has used its FY2026 annual report to position Horden Lake as a larger, better-understood Quebec copper project, with a maiden scoping study targeted for September. The company also expanded Belleterre drilling and added the Bambino project, but remains loss-making and dependent on further funding.

Australian Vanadium will pay $500,000 in cash, issue $1.25 million of shares and transfer a royalty to regain control of non-vanadium mineral rights at its Gabanintha project. The deal simplifies the project’s ownership structure, but the newly recovered nickel, copper and gold potential remains unproven and outside the current development case.

Terra Metals has reported broad PGM-Cu-Ni mineralisation and repeated higher-grade reef layers from three holes at its Southwest Discovery in Western Australia. The results strengthen the geological picture ahead of a planned maiden Mineral Resource Estimate, but true widths, recoveries and resource scale remain unconfirmed.

Tali Resources ended its first full year as an ASX-listed explorer with A$5.19 million in cash, a larger West Arunta exploration program and a A$1.48 million loss. The annual report also records a A$516,170 impairment after early drilling returned only moderately anomalous results, keeping the company firmly in the high-risk pre-discovery phase.

Verity Resources has renewed four prospecting licences in Botswana, safeguarding its stake in high-grade copper-silver and nickel-copper-PGE projects including Airstrip, Dibete, and Maibele North for another two years.

Terra Metals has confirmed a substantial extension of its Southwest sulfide discovery at the Dante Project, with new drilling revealing broad, continuous PGM-Cu-Ni mineralisation over a 1,100m strike. Five rigs are drilling aggressively as the company targets a maiden Mineral Resource Estimate by late 2026.

Western Mines Group has reported strong Phase 5 assay results from its Mulga Tank Project, revealing broad nickel sulphide intersections with promising grades of nickel, cobalt, copper, and platinum group elements that support a hybrid mineral system.

Terra Metals has pushed the boundaries of its Southwest sulfide discovery at the Dante Project, extending the mineralised strike by 150 metres to over 1,100 metres and confirming multiple high-grade reef zones. The system remains open, with ongoing drilling and assay results set to further define this promising PGM-Cu-Ni-Co corridor.

Galileo Mining has delineated two new PGM target zones at its Mission Sill prospect and uncovered a fresh gold prospect at Callisto South within its Norseman project, setting the stage for expanded drilling campaigns.

Western Mines Group has completed a $2.7 million placement to fund seismic surveys and drilling at its Mulga Tank nickel-cobalt-copper project, with a final tranche of shares pending shareholder approval.