Latest Base Metals News

QGold Pty Ltd has initiated an unconditional on-market takeover bid for Venus Metals Corporation at $0.17 per share, aiming to consolidate its 26.4% stake by acquiring the remaining shares through a market purchase strategy.

Sunshine Metals Limited has voluntarily suspended trading of its shares pending a Supreme Court decision on a regulatory compliance issue related to a recent share issuance.

29Metals has awarded a $253 million mining contract to Byrnecut for the Gossan Valley project, aiming for first ore by the end of 2026 and enhancing Golden Grove’s production profile.

Orion Minerals is on the cusp of finalising a significant financing and offtake agreement with Glencore, potentially unlocking up to US$250 million for its Prieska Copper Zinc Mine.

Caravel Minerals has withdrawn its recent Strategic Mine Plan Update, urging investors to await the upcoming Definitive Feasibility Study due in early 2026 before making decisions.

Celsius Resources has raised £0.53 million through a share placement on AIM, providing essential working capital as it progresses feasibility studies and financing for its MCB Project.

Apollo Minerals has identified significant gallium enrichment alongside high-grade zinc-lead mineralisation at its Kroussou project in Gabon, revealing new potential for critical mineral credits in future mining.

29Metals Limited has reported promising high-grade copper, zinc, and gold resource extension drilling results at its Golden Grove mine, revealing potential for significant mine life extensions and a large mineralised system at depth.

NT Minerals has completed the sale of its Redbank/Wollogorang Copper Project to Golden Horse Minerals, receiving $1 million in cash plus shares valued at $3.4 million. The company now faces a tight cash position while reviewing new mineral projects.

Polymetals Resources Ltd has had its trading suspension lifted following an announcement about a serious safety incident at its Endeavor Mine Site, raising questions about operational impacts and regulatory responses.

Andromeda Metals has initiated early site works at its Great White Project, backed by $4.45 million in environmental compliance payments. These steps mark a significant move toward construction readiness and a final investment decision.

Anax Metals has made significant progress on its Whim Creek Copper-Zinc project, securing a waste rock processing agreement and continuing efforts to finalize project financing.