Latest Base Metals News

Mamba Exploration Limited has decided to restart gold exploration at its Ashburton Project in Western Australia, backed by a strategic review and a cash position of $579,000. Historical data points to promising high-grade gold targets, setting the stage for a detailed exploration program.

Midas Minerals has agreed to acquire the high-grade Otavi Copper Project in Namibia from Nexa Resources, backed by a $6.5 million capital raise to accelerate exploration and resource definition. The company also advances its South Otavi and Western Australian projects, positioning for significant growth.

Sabre Resources has revealed promising rockchip sampling results at its Dingo Uranium Project, identifying three new target areas rich in uranium, critical metals, and rare earth elements. Planned soil sampling and drilling aim to further evaluate these discoveries.

Legacy Iron Ore Limited reported solid progress in its June 2025 quarter, with ongoing gold production at South Laverton and key development milestones at the Mount Bevan magnetite project.

AuKing Mining Limited has strengthened its financial position with a $5 million loan facility and progressed its strategic Cloncurry Gold Project acquisition, while its Koongie Park JV reports promising scoping study results.

Godolphin Resources has reported significant exploration advances at its Lewis Ponds project, revealing new high-grade gold and copper prospects and entering a joint venture to accelerate regional development.

Gateway Mining Ltd has agreed to acquire Strickland Metals’ Yandal Gold Project for $45 million in shares, significantly expanding its gold resource base and exploration potential in Western Australia.

Riedel Resources Limited has progressed its Kingman Project in Arizona, securing $1.4 million in fresh capital to fund drilling and development activities at the high-grade Tintic deposit. The company also strengthened its board with the appointment of an experienced independent director.

Octava Minerals has secured a binding agreement to acquire the Federation Cu-Zn-Ag Project in Tasmania, reported promising bioleaching test results at its Byro REE-Li Project, and raised $1.5 million to fund exploration and working capital.

Metals X has updated its Renison Tin Operation mineral resources to 20.8 million tonnes at 1.40% tin, incorporating new drilling data and the Ringrose Prospect. The update signals ongoing resource growth amid operational challenges.

Strickland Metals reports robust drilling results at its Serbian Rogozna Project, confirming significant gold and base metal mineralisation, while securing a $45 million equity deal for its Yandal Project in Western Australia.

Nimy Resources has reported exceptional high-grade gallium results from its Block 3 drilling campaign in Western Australia, setting the stage for a maiden JORC resource estimate in the coming quarter.