Latest Precious Metals News

Lithium Universe (ASX: LU7) has completed the detailed process flow sheet for a novel hydrometallurgical technology licensed from the University of Edinburgh to extract gold and copper from electronic waste. The low-temperature, reagent-recycling method aims to disrupt traditional smelting with environmental and cost benefits.

Podium Minerals has confirmed a substantial vertical extension of its Parks Reef PGM deposit in Western Australia, with new drilling revealing strong platinum group metal and copper-gold mineralisation to depths of around 450-500 metres.

BMC Minerals advances its 20,000m 2026 drilling campaign at Kudz Ze Kayah with standout high-grade sulfide intercepts at the Fuego Prospect, confirming a shallow mineralized zone adjacent to the proposed ABM Mine.

Mount Hope Mining (ASX:MHM) has completed two drilling phases at its Mt Solitary gold project in NSW’s Cobar Basin, delivering significant high-grade gold intercepts and preparing to launch an expanded Phase 3 drilling campaign targeting resource growth.

MGX Resources is set to exit its Koolan Island iron ore operation, selling to Crestlink for $20.2 million upfront plus potential revenue share, while shifting focus to gold development.

Barton Gold has completed a 3,677m drilling program at its Tolmer Silver discovery, confirming high-grade silver mineralisation with assays exceeding 2,000 gram-metres and producing a concentrate grading over 100,000 g/t Ag without complex processing.

Discovery Alaska has reported exceptional high-grade gold and silver results from rock samples at its Boulder Creek Project in Idaho, setting the stage for imminent drilling to test historic anomalous zones.

Larvotto Resources has secured a binding seven-year gold concentrate offtake agreement with global giant Glencore for its Hillgrove project, complementing an existing antimony deal and paving the way for production in August 2026.

Galileo Mining has kicked off a targeted 5,000-metre aircore drilling campaign at its Norseman project, aiming to build on its unique Platreef-style PGM-nickel-copper resource with new sulphide discoveries.

Legacy Minerals has kicked off an 885m drilling campaign at McMahons Reef within its Harden Gold Project, funded by Hill Tops Gold under a joint venture. Meanwhile, Rio Tinto Exploration has withdrawn from the Thomson Project, returning 100% ownership to Legacy Minerals.

Silver Mines has locked in a $7.56 million capital raise by entering an underwriting agreement with Petra Capital to cover the exercise of nearly 63.2 million unlisted options expiring mid-June.

Sabre Resources has received Northern Territory government approval to drill up to 5,000 metres at Kurundi North, targeting high-potential copper-gold systems analogous to Tennant Creek. The program awaits shareholder approval of a major acquisition and aims to unlock value in a resurging mineral province.