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Highlights
Platinum surges to multi-year highs amid constrained global supply
ASX-listed Chalice Mining and Southern Palladium post strong performance
Megado Minerals shifts focus to copper-rich prospects in Europe
Several precious metals stocks on the All Ordinaries and ASX 300 indices moved higher in recent sessions, boosted by strength across platinum group metals. Platinum extended its rally, reaching levels not seen in more than a decade. The upward shift was supported by reduced South African output and tightened spot market conditions.
Chalice Mining Sees Renewed Uptrend on Julimar Advancements
Chalice Mining Ltd (ASX:CHN), part of the All Ordinaries, saw increased activity amid the platinum surge. The company continues to progress development of its Gonneville resource at Julimar in Western Australia. The project is known for its substantial platinum group elements and base metal content.
CHN experienced a marked uplift, supported by market sentiment around future-facing metals. The company’s focus on completing its pre-feasibility work at Gonneville aligns with ongoing interest in long-life, multi-metal assets.
Southern Palladium Tracks Market Upswing as Prices Strengthen
Southern Palladium Ltd (ASX:SPD), also on the All Ordinaries, holds the Bengwenyama project in South Africa. The region is known for its platinum-rich geology, and SPD’s proximity to producing mines has maintained market attention.
The project’s relevance was reinforced by recent supply-side constraints from South Africa. SPD shares have followed the broader uplift across platinum group metals, reflecting renewed focus on structural deficits and exploration progress.
Future Metals and Terra Metals Maintain PGM Momentum
Future Metals Ltd (ASX:FME) operates the Panton project in Western Australia, featuring a defined resource of platinum and palladium. The company continues to advance exploration and development activities, aided by market enthusiasm for alternative precious metals beyond gold.
Terra Metals Ltd (ASX:TM1), also trading on the All Ordinaries, has gained visibility following the discovery of a mineralised reef system in WA’s Musgrave Province. Activity has been supported by ongoing fieldwork and growing interest from broader critical minerals stakeholders.
Megado Minerals Shifts Strategy with New Copper Project in Spain
Megado Minerals Ltd (ASX:MEG) has transitioned its focus toward the Iberian Copper project located in Spain’s Aragon and Navarra provinces. While primarily known for gold and lithium exploration in Canada, the company’s latest move into copper-rich terrain has drawn market attention.
The newly acquired ground contains numerous historical workings with prospective base and precious metals. MEG’s shift comes at a time when diversification into copper aligns with evolving thematic interest in energy transition resources.
GBM Resources Implements Strategic Reset and Exploration Drive
GBM Resources Ltd (ASX:GBZ), part of the All Ordinaries, has initiated a significant board and capital restructure. The company has secured funding to eliminate convertible debt and consolidate ownership of its Twin Hills and Yandan projects in Queensland.
The reset includes board changes and a renewed focus on exploration at the Twin Hills Lone Sister and 309 deposits. GBZ is positioning itself with a debt-free balance sheet and committed drilling campaign across its broader Drummond Basin tenure.
Star Minerals Eyes Near-Term Production at Tumblegum South
Star Minerals Ltd (ASX:SMS) is progressing early development activities at its Tumblegum South project in the Murchison region. A recently completed scoping study highlighted modest upfront capital requirements with development works being advanced through a mining partnership agreement.
