Latest Nickel Copper News

Dalaroo Metals has moved from a Western Australian base-metals explorer into a three-country gold and critical-minerals play, but its next phase depends on drilling success and continued access to capital. The annual report records a $2.63 million loss, $509,442 in year-end cash and a material uncertainty over going concern.

Sabre Resources has expanded into a 4,000-square-kilometre Northern Territory gold and copper-gold portfolio, but its FY2026 loss more than doubled as cash declined. The company now has drilling underway and fresh capital, alongside a growing funding and dilution burden.

Mantle Minerals reported a $12.50 million FY2026 profit after selling Mt Roe Mining to Northern Star for $13.5 million, while continuing operations remained loss-making. The company ended the year with $5.50 million in cash and is redirecting capital towards Yule River and Carlton Hill exploration.

Kingsrose Mining is entering FY27 with A$18.1 million in cash, a fresh CEO and a portfolio that now depends more heavily on permitting, partnerships and capital discipline. The company’s nearest-term opportunity is Penikat drilling in Finland, while its Norwegian projects require new routes to funding or value realisation.

Ozz Resources has emerged from suspension after raising $4.8 million, acquiring the Bedaburra nickel-copper-cobalt project and reshaping its exploration portfolio. The annual report also highlights a still-loss-making balance sheet and unresolved funding demands ahead.

Raiden Resources posted a wider FY2026 loss after impairing A$8.86 million of exploration assets, while its cash and term deposits fell to A$11.98 million. The company is now concentrating on Brazil’s Crixás gold tailings project, Bulgarian exploration and a proposed divestment of most of Mt Sholl.

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.

West Coast Silver has secured a prospecting licence immediately west of its Elizabeth Hill mining lease, opening a new near-mine exploration target with historical silver, copper, nickel and palladium anomalism. The company plans to validate the old data before deciding whether to drill.

Iron Road’s largest shareholder has distributed its remaining 59.72% stake just as the company prepares to restart delayed nickel-copper-gold drilling at Irria. The transition also includes the November retirement of long-serving chief executive Larry Ingle, with no successor named.

West Coast Silver has added a 70%-owned prospect immediately west of its Elizabeth Hill silver mine, with historical results pointing to silver, copper, nickel and palladium potential. The targets remain early-stage: the company plans data review, fieldwork and geophysics before deciding whether to drill.

Agrimin has completed its withdrawal from the Mackay Potash Project and repositioned itself around exploration at the 480-square-kilometre Mount Squires Project. The pivot reduced the company’s annual loss, but left it with $1.08 million in cash, net current liabilities and no JORC mineral resources or ore reserves.

Galileo Mining advanced several PGM, nickel, copper and gold targets at Norseman during FY2026, but a A$4.55 million exploration impairment pushed its annual loss to A$4.67 million. The company ended the year with A$7.48 million in cash and a growing drilling pipeline for Mission Sill and Callisto South.