Latest Precious Metals News

Sunshine Metals has upgraded the economics of its Liontown project, forecasting A$179.8 million in net operating cashflow after capital over a 66-month mine life. The study points to mid-2027 mining, but depends on approvals, Mt Moss commissioning and a preliminary plan carrying a plus or minus 30% accuracy range.

Fat Prophets Global Contrarian Fund lifted net tangible assets per share to $1.5713 and declared a 3.0 cent final dividend, even as annual profit fell to $5.183 million. The fund also raised $5.377 million through a rights issue while maintaining a concentrated portfolio with investments worth 103% of net assets.

Red Mountain Mining has reported widespread tungsten mineralisation from surface sampling at its Pioneer project in Montana, including results of up to 0.55% WO3. The expanded 517-hectare project also returned high-grade copper, silver and gold assays, setting up further fieldwork before potential drilling.

BMC Minerals has moved the Kudz Ze Kayah project through a key regulatory gateway and reported high-grade drilling beyond the current reserve, but its first full year as an ASX-listed company also exposed the funding challenge ahead. The Canadian developer ended FY2026 with US$50.3 million in cash, no revenue and an auditor-highlighted material uncertainty over going concern.

Talisman Mining has issued 47 million new shares as the first tranche of its previously announced placement, but the filing does not disclose the issue price or resulting dilution. A section 708A notice confirms the shares were issued without a prospectus or other disclosure document.

Manuka Resources has reported several high-grade, shallow gold intersections from its Pipeline Ridge drilling campaign, led by 32 metres at 7.98 grams per tonne. The results support a maiden resource estimate, but metallurgy, true widths and resource classification remain unresolved.

Terra Metals has reported broad PGM-Cu-Ni mineralisation and repeated higher-grade reef layers from three holes at its Southwest Discovery in Western Australia. The results strengthen the geological picture ahead of a planned maiden Mineral Resource Estimate, but true widths, recoveries and resource scale remain unconfirmed.

Manuka Resources has secured A$14.5 million through a placement to fund finishing its silver de-slime circuit and accelerate production at Wonawinta, targeting first gold sales by September and silver revenues from January 2027.

Iltani Resources has reported robust assay results from nine new drill holes at its flagship Orient Silver-Indium Project, confirming continuity and expansion potential across Orient East, West, and Vein One zones. The company targets a resource update in Q4 2026 to underpin a 2027 scoping study.

Kaoko Metals secures $20 million from institutional investors to ramp up diamond drilling and exploration across its Namibian copper-silver and gold-copper-tungsten projects.

Legacy Minerals is progressing an optimised scoping study at its Mt Carrington project, leveraging a 39% increase in resource tonnes and a 69% jump in indicated resources. Results are expected in December 2026, aiming to assess the economics of a larger-scale operation.

Maronan Metals appoints experienced mining executive Andrew Graham as Managing Director and CEO, marking a key leadership transition to advance its Maronan Project through drilling and feasibility milestones.