Latest Polymetallic News

Kingston Resources launches a $8.47 million rights issue at a 12.5% discount, backed by a $4.4 million placement, to finance a major drilling campaign and plant expansion at Mineral Hill following the closure of its Pearse South open pit.

Terra Metals appoints Debra Bakker as Chair alongside Jeff Quartermaine and Jennifer Purdie to steer the company’s shift from exploration to development at its promising Dante Project in Western Australia.

29Metals has reported strong drilling results from its 2026 program at Golden Grove, confirming high-grade copper, zinc, gold, and silver extensions at Oizon and Amity. Development at Oizon is progressing with first ore expected by year-end, underpinning mine flexibility and potential cost efficiencies.

Arrow Minerals has sealed its acquisition of an 80% interest in the Yarraloola Copper Project in Western Australia’s Pilbara, following a capital raising that underpinned the deal. The company’s next steps hinge on resource milestones that could trigger further share payments.

Polymetals Resources has confirmed that substantial high-grade mineralisation remains intact near a previously assumed collapse zone at the Endeavor Mine, with initial drilling results exceeding expectations.

Kingston Resources has boosted the Southern Ore Zone (SOZ) Mineral Resource at Mineral Hill by 50%, expanding the mining inventory and underpinning plans for reserve growth and plant expansion.

Rumble Resources has boosted its Western Queen gold mineral resource to 433,600 ounces, including a 54% jump in Indicated Resources and a fresh high-grade zone of 52,500 ounces at 11.3 g/t gold. The upgrade follows extensive drilling and will feed into a September Bankable Feasibility Study, keeping production on track for 2027.

Lefroy Exploration’s metallurgical tests reveal up to 97% gold recovery from its Burns High-Grade Deposit, underpinning plans for a resource update by September 2026.

Manhattan Gold Corporation has kicked off a 4,000m reverse circulation drilling campaign at its underexplored Hook Lake Project in Nunavut, aiming to confirm and extend historic high-grade gold and polymetallic targets.

Peel Mining's acquisition by Aeris Resources has cleared its final legal hurdle, with the Supreme Court of NSW approving the scheme of arrangement. Peel shares will suspend trading from 22 June, with implementation slated for 1 July 2026.

Raptor Metals has delivered further high-grade copper and polymetallic assay results from its Chester Project in Canada, confirming a large-scale stacked VMS system and extending mineralisation over 2.5km. These findings enhance the geological model and support resource growth potential.

Godolphin Resources has hit a significant new polymetallic sulphide system named Cousin Jack at its Lewis Ponds project, with maiden drilling revealing broad zones of high-grade zinc, copper, lead, silver, and gold mineralisation.