Latest Silver And Zinc News

Novo Resources has identified compelling polymetallic targets at its Wyloo Project in Western Australia, setting the stage for a maiden drilling campaign in Q2 2026 following a heritage survey.

Flynn Gold has reported exceptional tungsten assays up to 14.75% WO3 at its Gorge Creek Prospect in northeast Tasmania, alongside elevated precious metals. The discovery opens a new chapter in the company’s critical minerals exploration, with drilling planned at multiple projects.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Ballymore Resources has confirmed significant high-grade silver-lead-zinc mineralisation in its first step-out drill hole at Little Torpy’s, 600 metres south of the main Torpy’s workings, underscoring the potential for a large-scale project in north Queensland.

Red Mountain Mining has acquired the Thompson Falls Antimony Project on the Montana-Idaho border, adjacent to the only operating antimony smelter in the US. Early assays reveal exceptional grades, positioning the company to capitalise on critical mineral supply chain demands.

Anax Metals is set to release an updated feasibility study for its Whim Creek project, reflecting soaring commodity prices and progressing funding talks to push the project into development.

Small caps did the heavy lifting this week, led by two big discovery stories in resources. Funding raises and takeover moves kept attention on who can pay for the next step, not just promise it.

Speculative money piled into new discoveries and tight-supply metals, while a handful of small caps were sold hard on thin liquidity. The week’s biggest moves came from PGMs and tungsten on the way up, and micro-cap gas on the way down.

Renegade Exploration has reported significant progress across its North American and Australian mineral portfolios, highlighting high-grade gold, silver, and critical mineral results and planning a maiden drill program at its Yukon Myschka Project in 2026.

Ballymore Resources reports significant progress in Queensland with high-grade gold and silver-lead-zinc discoveries, advancing underground development and preparing for new drilling campaigns.

Impact Minerals reports significant advancements in its High Purity Alumina projects, a strategic collaboration with US battery innovator C4V, and renewed exploration activities in NSW’s Broken Hill region.

Rokeby Resources has identified multiple new high-grade gold and antimony prospects at its Hurricane Project in Queensland, while advancing exploration at Macauley Creek with plans for early 2026 drilling.