Latest Nickel Cobalt News

Nickel Industries has received a significant 60% increase in its 2026 nickel ore sales quota, positioning the company to capitalise on rising nickel prices and ramp up its next-generation processing projects.

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

Terra Metals has confirmed a substantial new titanium-vanadium-gallium mineralised system at its Southwest Prospect, dramatically expanding the Dante Project’s resource potential with critical metals now in focus.

Western Mines Group has revealed a landmark nickel sulphide discovery at its Mulga Tank project in Western Australia, boasting 5.3 million tonnes of contained nickel and ranking among the world’s top 10 deposits.

Western Mines Group is set to commence a major Phase 5 drilling campaign at its Mulga Tank nickel project, targeting high-grade zones and expanding its resource base with a mix of reverse circulation and diamond drilling.

A single exploration name blew the doors off the leaderboard, while two well-known uranium plays and a Nevada explorer sank hard. Behind the noise: deals got closer to completion, big raisings reset prices, and several “good news” gaps didn’t survive the week.

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.

Ardea Resources’ subsidiary Kalgoorlie Nickel Pty Ltd has received conditional, non-binding letters of support from Export Finance Australia and the US Export-Import Bank for up to AUD 1 billion in financing for its Goongarrie Hub nickel-cobalt project.

Nimy Resources reveals a significant extension to its Block 3 gallium deposit in Western Australia, with a high-resolution magnetic survey indicating a 3.5km strike beyond the current resource boundary. The company is also advancing metallurgical test work and seeking federal funding to support development.

Kairos Minerals has been granted a 21-year mining lease for its 1.4 million ounce Mt York Gold Project in Western Australia, marking a pivotal step towards advancing the project into production.

Panther Metals has advanced its Burtville East Gold Project with a robust scoping study and secured $817,000 in funding to support further drilling and a strategic review of its nickel-cobalt assets.