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Metals and Mining Industry News
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Kodal Minerals (AIM: KOD) shares rise as Bougouni operator begins repaying development loans
Kodal Minerals’ Bougouni lithium operation has begun repaying development loans after shipments benefited from a sharply stronger spodumene market. Production remained below budget, however, leaving plant reliability, export approvals and wet-season execution as the next tests of sustainable cash generation.
Alien Metals (AIM: UFO) completes Knox acquisition to add Georgina Basin copper-gold project
Alien Metals has completed its acquisition of Knox Resources, securing a large copper-gold and uranium exploration position in Australia’s Northern Territory for £200,000. The transaction adds three drill-ready targets and a substantial historical dataset, but the value proposition still depends on exploration results, funding discipline and management’s ability to prioritise an increasingly diversified portfolio.
Tartana Minerals (ASX: TAT) secures A$5.18m Xingye investment at 165% premium as board vote looms
Xingye will invest at more than double Tartana Minerals’ recent market value, but regulatory conditions, substantial dilution and an unresolved board contest make this more than a straightforward exploration funding deal.
Far East Gold (ASX: FEG) shares move above Xingye’s A$0.15 bid as takeover deadline approaches
Far East Gold’s independent expert has again rejected Xingye Gold’s takeover offer, but the wide gap between the expert valuation and the market price leaves shareholders weighing immediate cash certainty against an unproven development upside.
Meteoric Resources expands Caldeira Ore Reserve 42% to 146Mt ahead of DFS
A larger reserve now covers Caldeira’s planned 20-year production profile. The development case still turns on grade, commercial-scale recovery, licensing and project financing.
Macro Metals (ASX:M4M) updates Yandi South acquisition disclosure as JORC review moves to Q3 2026
Macro Metals has provided fuller technical disclosure around its conditional Yandi South Iron Ore Project acquisition, clarifying the status of the historical resource and its route toward modern JORC reporting.
Global Lithium (ASX: GL1) to buy Nova Operation to accelerate Manna production
Global Lithium Resources will acquire IGO’s Nova Operation for A$7 million, creating a lower-capital pathway for Manna while assuming conversion, logistics and rehabilitation risks.
Antofagasta (LSE: ANTO) bets on H2 grades and throughput at Los Pelambres
Antofagasta (LSE: ANTO) H1 copper output fell 9.5% to 285kt but the miner defended its 650-700kt 2026 guidance ahead of 13 August half-year results.
Macmahon (ASX: MAH) secures A$355m Mt Marion underground lithium contract
Macmahon’s A$355 million Mt Marion contract expands its lithium exposure, but mobilisation, margins and delivery will determine the overall earnings impact.
Alcoa (NYSE: AA) approves Australia gallium project with US-Japan-Australia backing
Alcoa (NYSE: AA) reaches FID on 100-tonne Wagerup gallium plant with US, Japan and Australia backing under the $13bn allied critical minerals framework.