Latest Platinum News

Metallium has completed a 12-hour campaign using three Flash Joule Heating reactors to process platinum-group-metal-bearing catalytic converter material under reactive chlorination conditions. The milestone advances the company’s scale-up program, but recovery results, product economics and feedstock grades remain unverified.

Redstone Resources has expanded its exploration portfolio and reported deep copper intersections at West Musgrave, but its auditor has flagged material uncertainty over the company’s ability to continue without further funding. The ASX junior ended FY2026 with A$557,426 in cash against A$636,787 of annual Australian tenement commitments.

Conico's statutory loss widened sharply in FY2026, largely because of non-cash share-based payments linked to its recapitalisation. The company ended the year debt free with $2.53 million in cash, but warned that funding remains critical as it prepares for Mt Thirsty drilling.

Rubix Resources ended FY2026 with a $1.283 million loss, only $95,001 in cash and a net asset deficit, prompting its auditor to flag a material uncertainty over going concern. The company’s Paperbark drilling produced an encouraging copper signal, but further exploration depends on fresh funding.

Chalice Mining is moving Gonneville from study to execution, with a feasibility study underway and a targeted investment decision in the first half of 2028. The project’s sizeable economics sit alongside a A$26.2 million annual loss and a funding task that remains unresolved.

Empire Resources has expanded its Yuinmery exploration story with new copper, gold and PGE zones, but its FY2026 annual report carries a material uncertainty over whether the company can continue as a going concern. A $4.825 million capital raising lifted cash, yet losses and director-related debt also increased.

Pivotal Metals’ maiden scoping study gives its Horden Lake copper project a projected post-tax NPV of A$920 million against A$411 million of pre-production capital. The headline returns are strong, but the project remains a preliminary study with no Ore Reserve, material Inferred Resource exposure and more than A$400 million still to raise.

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.

Podium Minerals says optimisation work has maintained approximately 80% overall 3E recovery while cutting the targeted size of its downstream recovery circuit by about half. The technical gains came alongside a larger annual loss and an explicit reliance on further funding to advance Parks Reef.

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.

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.

Future Metals has reshaped its Panton development plan around a potentially lower-capital Savannah processing route, but entered FY27 with only A$1.46 million in cash and a formal warning over future funding. A post-year-end A$3.56 million raising now funds the next study phase, including a larger updated resource base.