Latest Base Metals News

Venus Metals Corporation has issued a firm recommendation to reject QGold Pty Ltd’s unsolicited $0.17 per share takeover offer, arguing it undervalues key assets and offers no premium. The board highlights significant upside potential in its portfolio and warns shareholders against accepting an opportunistic bid.

Critical Resources Limited’s maiden drilling at the Amoco Gold-Antimony Project confirms a substantial orogenic mineralised system, underpinning its exploration model and setting the stage for further work in NSW’s New England Fold Belt.

Heavy Rare Earths Limited has confirmed significant polymetallic mineralisation at its Prospect Hill Project in South Australia, revealing high-grade silver, copper, zinc, and lead alongside tin. The company plans a maiden drilling program to upgrade South Ridge to a JORC-compliant Mineral Resource Estimate.

6K Additive, Inc. launches a fully underwritten A$48 million IPO on the ASX, aiming to scale its innovative scrap-based metal powder production for additive manufacturing. The capital raise supports a major capacity expansion backed by a US Department of Defense grant.

Rubix Resources has reported promising assay results from its 2025 drilling campaign at the Paperbark Project, revealing significant zinc-lead mineralisation and encouraging copper signatures beneath the JB Zone and at Grunter North.

Black Bear Minerals reveals significant polymetallic potential in historic stockpiles at its Shafter Silver Project, with grab samples showing exceptional grades. The company plans extensive 2026 drilling and bulk sampling to unlock this overlooked resource.

Tennant Minerals has initiated a new diamond drilling campaign at its Bluebird discovery, aiming to expand a high-grade gold zone beneath a recently defined copper-gold-silver-bismuth resource. The program seeks to enhance resource definition and metallurgical recovery ahead of potential underground extensions.

Strickland Metals reports significant high-grade gold intersections at the Kotlovi Prospect, extending mineralisation over 300 metres near the Medenovac deposit within Serbia’s Rogozna Project.

Litchfield Minerals has launched a detailed Ground Electromagnetics survey at its VT1 target and completed a five-hole drilling program, setting the stage for refined copper exploration in the Northern Territory.

South Harz Potash Limited (SHP) has secured an option to acquire the Glava copper-gold project in Sweden, complementing its advanced potash development in Germany and reinforcing its multi-commodity European strategy.

Corazon Mining has secured two critical tenements at its Two Pools Gold Project in Western Australia, enabling preparations for a maiden diamond drilling program aimed at confirming high-grade gold mineralisation early next year.

QGold Pty Ltd has initiated an unconditional on-market takeover offer for all shares in Venus Metals Corporation Limited at a 21% premium, aiming to consolidate control and potentially delist the explorer.