Latest Vhms News

Great Western Exploration has identified zinc-silver-lead mineralisation on the interpreted outer edge of a potential VHMS system at Seymour, near DeGrussa. The company is accelerating permitting for follow-up drilling, although its A$2.35 million cash balance covers an estimated 2.33 quarters at the reported spending rate.

Nimy Resources has identified a third major gold-in-soil anomaly along its 16km Corporate James Trend, while maiden drilling and ground EM surveys move ahead at the Mons Project. Early Block 3 testwork also returned 84% gallium and up to 95% rare earth extraction, although the work remains at an early technical stage.

Great Western Exploration has identified zinc-silver-lead mineralisation at its Seymour target in Western Australia, which it interprets as the outer edge of a potentially fertile volcanic-hosted massive sulphide system. The company says a nearby copper-gold core remains untested and is accelerating permitting, geophysics and follow-up drilling.

Mantle Minerals reported a $12.50 million FY2026 profit after selling Mt Roe Mining to Northern Star for $13.5 million, while continuing operations remained loss-making. The company ended the year with $5.50 million in cash and is redirecting capital towards Yule River and Carlton Hill exploration.

QMines Limited reports strong copper and gold intersections from two recent drill holes at Mt Chalmers, reinforcing the project's potential with ongoing drilling and assays.

Nimy Resources has confirmed extensive soil geochemistry anomalies for gold and base metals at its Mons Project in Western Australia, setting the stage for a detailed ground electromagnetic survey and maiden drilling.

QMines Limited has locked in a $15 million strategic funding package with QIC to fully finance its Mt Chalmers Definitive Feasibility Study, while completing a substantial drilling campaign at Mount Mackenzie and launching a major 10,000m drill program at Mt Chalmers.

Anax Metals has secured $16 million through placements to fund exploration and development at its Whim Creek Project, with diamond drilling commenced and FEED launched ahead of a targeted Final Investment Decision in Q4 2026.

Loyal Metals has secured full ownership of the Highway Reward Copper-Gold Mine and progressed its North American lithium projects, while moving forward with a A$79.1 million cash takeover by PT Bumi Resources.

Mantle Minerals has secured a key exploration licence and acquired an adjoining tenement application, strengthening its Carlton Hill Project in WA, while advancing drilling plans at Yule River amid ongoing native title talks.

Great Western Exploration has kicked off a reverse circulation drilling campaign at its promising Juggernaut copper-gold targets, with assay results from Diorama aircore drilling expected soon. The company also plans potash monitoring at Lake Way and faces pending tenement forfeiture hearings.

Anax Metals (ASX: ANX) is launching a high-impact 18-hole diamond drilling campaign at its Whim Creek Project, aiming to extend the Mons Cupri VHMS deposit and uncover new mineralisation with modern techniques.