Latest Offtake News

WIN Metals has strengthened the funding position for its proposed Radio gold restart, while retaining a project that still requires approvals, further financing and a final investment decision. The preliminary study forecasts A$18.1 million of pre-tax NPV8 and 20.2koz of recovered gold, but the company ended September with only A$1.16 million in cash before the post-quarter Astral receipt.

Chalice Mining is preparing to run an eight-week full-flowsheet pilot plant at Gonneville as it advances feasibility work, environmental approvals and formal copper and nickel offtake talks. The company ended September with A$53 million in cash and listed investments, but major project funding remains unresolved.

Viridis Mining and Minerals Limited (ASX:VMM) has moved its Colossus rare earths project into execution after reporting a US$1.20 billion after-tax NPV and securing strategic equity commitments of up to US$120 million. The project still needs definitive debt, offtake and approvals before a Final Investment Decision can unlock full construction.

Alurion Resources has moved its Amargosa bauxite project into a field development program after completing its A$50 million IPO and ASX listing. Drilling, bulk sampling and logistics work are now feeding a direct-shipping-bauxite pre-feasibility study targeted for mid-2027.

Polymetals Resources fell short of its September production plan as ventilation work and a switch to contract mining disrupted Endeavor Mine operations. The company is betting on the Upper Main Lode and higher December-quarter throughput to restore momentum, but unrestricted cash fell to A$7.4 million after the rehabilitation bond exchange.

Brazilian Critical Minerals has moved its Ema rare earth project into FEED, raised approximately A$10 million and advanced the final land-access step for environmental licensing. Its proposed acquisition of a Brazilian magnesium sulphate plant could cover half of Ema’s early reagent needs, but remains subject to approvals, restructuring and plant modifications.

Industrial Minerals has cleared a key licensing hurdle at its newly acquired Laverton Gold Project, positioning the North Pool prospect for maiden RC drilling once heritage and regulatory approvals are complete. The company ended September with $2.50 million in cash after completing its $3 million placement and issuing shares tied to the acquisition and board changes.

Lindian Resources says its Kangankunde rare earths project remains on track for first monazite concentrate production in December, with equipment testing and export preparations now underway. The company also reported $45 million in cash, full ownership of its Kazakhstan processing plant and a newly disclosed appeal of a previously dismissed Malawi court case.

Zeotech has begun an approximately 800-tonne commercial-scale AusPozz production trial while reporting independently replicated mining test results and a 92% average methane reduction in treated landfill cells. The September quarter also brought a non-binding VINCI Construction MOU, further Toondoon resource work and A$6.609 million in cash.

Stellar Resources has lifted its Heemskirk tin inventory to 115.3kt of contained tin, while post-quarter drilling has identified mineralisation outside the Severn resource that could connect with the high-grade Montana deposit. The company is now folding those possibilities into a prefeasibility study targeted for the first half of 2027.

Pinnacle Minerals has agreed to acquire an option over five early-stage Utah tungsten projects and plans to raise up to A$1.3 million to fund the move. The deal would reshape the company’s US exposure, board and capital structure, but remains subject to shareholder approval and several title, access and funding conditions.

Anax Metals has moved its Whim Creek copper-zinc project deeper into engineering and financing work, while Mons Cupri’s Mineral Resource rises 24% to 6.32 million tonnes. The company is still targeting a fourth-quarter Final Investment Decision, but funding remains non-binding and the larger resource has yet to enter the project’s Ore Reserve or financial forecasts.