Metals One PLC has agreed to acquire full ownership of Lions Bay Resources in a £6.5 million all-share deal. The transaction provides full control of the Barbrook Gold Mine in South Africa and includes the appointment of former Harmony Gold CEO Graham Briggs as non-executive chair.
Metals One PLC has entered into a binding term sheet to acquire the remaining interests in Lions Bay Resources, making it a wholly owned subsidiary. The deal positions Metals One as a South Africa-focused gold and power business, centered on the Barbrook Gold Mine and an existing 6 MW cogeneration plant.
Copper 360 has intersected copper sulphide mineralisation 16 metres ahead of the planned 300 Level elevation at the Rietberg underground mine. Assays from bulk sampling returned copper grades between 0.48% and 1.50%, suggesting either an extension of the known orebody or a new mineralised body.
Lithium Africa Corp. announced high-grade lithium drill results from hole NB1DD26-004 at its Norrabees I prospect in the Springbok Project, South Africa, intersecting 8.0 m at 1.70% Li2O, including 4.0 m at 2.59% Li2O. These results complete a previously partially reported hole and extend shallow, high-grade spodumene mineralization. The company confirmed that re-analysis of samples validated higher lithium grades, and three rigs continue drilling with further results expected in Q4 2026 and Q1 2027.
Southern Palladium announced significantly improved economics for its Bengwenyama PGM-Chrome Project following an updated Pre-Feasibility Study, with post-tax NPV more than doubling to US$1.96 billion and IRR increasing to 39.1%. The study highlights enhanced metallurgical recoveries, particularly for chrome, and a staged development approach. The company is advancing towards a Definitive Feasibility Study and early development.
Theta Gold Mines Limited released an investor presentation for the Australian Gold Conference, highlighting the progress at its Transvaal Gold Mining Estates (TGME) Project in South Africa. The presentation summarizes the project's robust economics, including a USD 90 million Nordic bond issue completed in June 2026, and provides updates on plant construction, targeting commissioning in Q4 2026 and first gold in Q1 2027. While no new resource or drill results are announced, the presentation includes detailed historical mineral resource and ore reserve statements for the project.
Southern Palladium Limited announced an Updated Prefeasibility Study (PFS) for its Bengwenyama PGM-chrome Project, showing a post-tax NPV of US$1.96 billion (up 129%) and an IRR of 39.1% (up from 26.4%). The significant value increase is attributed to DFS-level metallurgical test work, which elevated chrome to a co-product with 85.6% recovery, and an updated commodity price outlook. The study also highlights a faster payback period of 2.8 years and a premium PGM concentrate grade, despite an increase in peak funding to US$329 million.
West Wits Mining is attending the Australian Gold Conference in Sydney, where the CEO will present an update on the Qala Shallows Project. The presentation outlines the company's transition to a gold producer, its current production ramp-up, and long-term growth potential via the Project 200 scoping study.
