Latest Vhms News

TechGen Metals (ASX: TG1) has reported promising high-grade copper and gold results from multiple Western Australian projects, while gearing up for extensive drilling campaigns through 2026.

Loyal Metals has completed the acquisition of the high-grade Highway Reward Copper-Gold Mine and confirmed a large-scale VHMS mineral system, while agreeing to a cash takeover by PT Bumi Resources valuing the company at A$79.1 million.

29Metals has delivered strong final drill results from its 2025 program at Golden Grove, revealing high-grade copper and zinc intercepts that promise to boost mineral resources and mine flexibility. The company plans a significant exploration budget increase for 2026 to capitalize on this momentum.

Loyal Metals Ltd has entered a binding scheme implementation deed with Indonesia’s PT Bumi Resources Tbk to sell all shares for A$0.45 each, valuing the company at approximately A$79.1 million. The transaction offers shareholders an immediate cash premium of over 40% and is supported by Loyal’s board and major shareholders.

Great Western Exploration has kicked off a major copper-gold drilling campaign targeting nine prospects in Western Australia's Yerrida Basin, backed by a $3.75 million placement. The program begins with a diamond drill testing a key gravity anomaly at the Oval VHMS target, aiming to replicate the nearby DeGrussa deposit's success.

BMC Minerals has kicked off its 2026 drilling campaign at the Kudz Ze Kayah Project with a standout massive sulphide intercept at the Krakatoa Zone, pointing to potential extensions beyond current reserves and a longer mine life.

TechGen Metals has identified two high-priority exploration targets at its Dalgaranga Gold Project in WA, including a gold target near historic workings and a new VHMS-style base metal anomaly. Both remain untested by drilling in a prolific gold corridor.

Peel Mining’s latest drilling at the Southern Nights Complex in NSW reveals substantial silver-zinc-lead intercepts and promising depth extensions, reinforcing the project’s growth potential ahead of a planned corporate restructure.

Loyal Metals has exercised its option to acquire 100% of the Highway Reward Copper-Gold Mine in Queensland, triggering the sale agreement and setting the stage for full ownership by H2 2026. This move follows extensive exploration that confirmed the project's exceptional grade and scale.

Great Western Exploration (ASX: GTE) has begun diamond drilling at its Oval Copper-Gold Target, aiming to test a gravity anomaly linked to a potential large VHMS system akin to the nearby DeGrussa deposit. This marks the launch of a six-month program targeting nine copper-gold prospects across the Yerrida Basin.

Loyal Metals Ltd (ASX:LLM) has reported assay results from drillhole 25HRDD003 at its Highway Reward Copper-Gold Project in Queensland, confirming a large, continuous VHMS Copper-Gold-Silver system. The 179m intersection at 1.47% copper equivalent supports a bulk-style mining opportunity distinct from historical narrow-lens models.

Great Western Exploration is set to begin drilling nine copper-gold targets in the Yerrida Basin, backed by a $3.75 million capital raise and strong cash reserves. The campaign kicks off mid-April at the Oval target, which shows promising geological parallels to the nearby DeGrussa deposit.