Latest Base Metals News

Sandfire Resources reported a Q3 FY26 copper equivalent production of 34.5kt, bringing nine-month production to 106.5kt. Despite operational challenges, the group maintains its FY26 guidance but now expects to deliver in the lower half of the range, alongside a $15 million reduction in capital expenditure.

Havilah Resources has entered a transformative partnership with Sandfire Resources, unlocking $210 million in staged payments and exploration funding to accelerate development in South Australia's Curnamona Province.

Caravel Minerals has extended its Definitive Feasibility Study (DFS) deadline by three months to September 2026 to refine critical water and environmental assessments, while maintaining its regulatory approval target for the end of 2027.

Orion Minerals secures a major milestone as South Africa’s IDC converts its loan into a significant equity stake in the Prieska Project, streamlining financing and advancing development plans.

Aurelia Metals has locked in a A$150 million senior secured financing package, strengthening its balance sheet and unlocking restricted cash to support its copper production growth targets.

Variscan Mines announces the resignation of CEO Stewart Dickson and the appointment of Tom Kent as executive director, signaling a strategic shift following the San Jose Mine Restart Study.

Terramin Australia has released an updated 2025 Mining Study for its Tala Hamza Zinc Project in Algeria, increasing throughput to 2.0 million tonnes per annum and confirming strong financial returns with advanced funding negotiations underway.

Anax Metals Limited has successfully completed the first tranche of its capital raising, issuing 225.5 million shares to institutional and sophisticated investors and securing $5.2 million in fresh funds.

Catalina Resources is wrapping up a 1,600-metre drilling campaign at its Breakaway Dam project in Western Australia, confirming a copper-rich volcanogenic massive sulphide system. Early results validate their targeting strategy and set the stage for further exploration.

Terramin Australia has locked in significant government incentives and infrastructure support for its Tala Hamza Zinc Project in Algeria, setting the stage for accelerated development and improved project economics.

Terramin Australia has initiated site preparation at its Tala Hamza Zinc Project in Algeria following the resolution of land access issues, backed by a significant government land acquisition. This milestone signals a shift from delays to active development readiness for one of the world’s largest undeveloped zinc deposits.

Variscan Mines has obtained Supreme Court approval to rectify a delayed cleansing notice related to a major share issue, paving the way for trading to resume. The company has also committed to strengthening its compliance procedures following the oversight.