Latest Precious Metals News

Fat Prophets Global Contrarian Fund (ASX: FPC) has kicked off a non-renounceable rights issue aiming to raise up to $8.45 million, with directors and a $1 million underwriter backing the offer. The capital raise is designed to boost liquidity, grow assets, and enhance market presence.

Resource Minerals International Ltd (ASX:RMI) has raised $3.5 million through a share placement to fund upcoming drilling programs in Tanzania and Saudi Arabia, targeting copper-gold and precious metals.

Pioneer Minerals has taken a decisive step toward developing its Springfield tungsten, gold, and gallium project in Idaho by engaging Mineral Technologies to design a modular processing plant. Recent high-grade assays confirm a multi-commodity critical mineral system, with near-term work targeting rapid production pathways and US government funding.

Legacy Minerals reveals a robust 19-year Mt Carrington gold-silver project with a pre-tax NPV of A$716 million and low operating costs, advancing towards pre-feasibility studies amid resource conversion plans.

Australian Mines Limited has raised $3 million through a strategic placement led by Tribeca Investment Partners to fast-track its Flemington Scandium Project from scoping to pre-feasibility study, aiming to de-risk and advance permitting.

Avira Resources has cleared all major regulatory and heritage hurdles to kick off a 4,500-metre RC drilling campaign at its high-grade Mt Cattlin Gold Project, aiming for a maiden resource estimate by year-end.

Tali Resources is set to begin a 10,000m aircore drilling campaign at West Arunta in May, leveraging new geophysical surveys to test multiple high-potential prospects.

WIN Metals has uncovered exceptional gold grades up to 334 g/t at its Radio Gold Project, extending mineralisation beyond current mine designs and strengthening the case for a near-term development decision.

Geopacific Resources shakes up leadership with Hamish Bohannan as new Managing Director and Rowan Johnston as Chairman, aligning the company for Woodlark’s transition from DFS to development.

Diablo Resources has identified multiple high-grade silver-antimony-copper-gold trends at its Star Range Project in Utah, with maiden drilling scheduled for Q2 2026. Early drilling at the Phoenix Copper Project also confirmed shallow copper mineralisation, supporting further exploration.

Horseshoe Metals has unveiled a new copper Exploration Target of up to 3.6 million tonnes at its Motters Zone, while advancing Direct Shipping Ore operations supported by strong copper prices and precious metals credits.

Resource Minerals International has mapped multiple structural corridors in Saudi Arabia, defining high-priority gold and copper-molybdenum targets ahead of planned drill campaigns. Complementary surveys in Tanzania and Finland set the stage for expanded exploration in 2026.