- Sandfire, Havilah partner to advance copper-gold project
- Tariff-driven supply squeeze fuels aluminium price surge
Base metals prices on the London Metal Exchange (LME) inched up d-o-d, with lead decreasing by 0.47% to $2,096/tonne (t). Meanwhile, inventories at LME-registered warehouses witnessed mixed movements, with zinc recording the highest gain of 1.63%.
Domestic market overview
In India’s non-ferrous metals markets, BigMint assessed copper armature scrap at INR 877,000/t ex-Delhi, stable d-o-d. Aluminium Tense scrap prices were assessed at INR 190,000/t ex-Delhi and at INR 185,000/t ex-Chennai, both stable d-o-d.
Other market updates
Lifezone Metals Raises $15 Million for Kabanga Nickel Project
Lifezone Metals announced it has closed a registered direct offering, raising approximately $15 million in gross proceeds. The funds will support exploration and staffing at its Kabanga Nickel Project in Tanzania—one of the world’s largest high-grade nickel sulphide deposits. The company’s current ratio stands at just 0.32, highlighting the timely nature of the capital raise.
Sandfire, Havilah seal partnership to advance Kalkaroo copper-gold project
Sandfire Resources and Havilah Resources have entered into an earn-in and exploration agreement to fast-track the Kalkaroo copper-gold project in South Australia and explore the broader Curnamona Province. Under the deal, Sandfire will acquire up to an 80% stake through staged payments tied to a new pre-feasibility study and a major drilling programme aimed at upgrading resources and expanding the deposit. Havilah retains a 20% free-carried interest, while both companies will collaborate on regional exploration to unlock new copper discoveries and build a future major copper hub.
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