Latest Jorc Reserves News

Aspire Mining has retained the Ovoot project’s 130.1 million-tonne JORC Coal Reserve while redesigning how the Mongolian mine is funded and built. The refreshed model forecasts a US$1.48 billion post-tax NPV10, but depends on debt raising, infrastructure delivery and a 12% Inferred Resource contribution to planned output.

Stanmore Resources maintained steady coal production in the first half of 2026 while boosting earnings and completing a corporate debt refinancing that enhances financial flexibility.

EQ Resources reported FY26 tungsten production of 1,189 tonnes WO3 and is advancing major expansion projects at its Mt Carbine and Barruecopardo mines to more than triple output amid tightening global supply.

IRIS Metals has secured a farm-in agreement to earn up to 100% ownership of the Finley Basin Tungsten Project in Montana, marking a strategic expansion into a critical mineral vital for defence and advanced manufacturing.

Cyprium Metals is advancing its brownfield restart of the Nifty Copper Complex in Western Australia, targeting mid-2026 copper cathode production with a low-capital, high-cash-flow approach. The company has secured $41 million through an institutional placement and entitlement offer to fund exploration and expansion.

Celsius Resources has announced a maiden JORC-compliant Ore Reserve Estimate for its Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines, underpinning a robust feasibility study and advancing project financing.

Viridis Mining and Minerals has delivered a landmark Pre-Feasibility Study for its Colossus Rare Earth Project, confirming robust economics and securing key strategic funding and land expansions in Brazil.

Stanmore Resources has announced a maiden JORC-compliant coal reserves statement for its Isaac Downs Extension project, confirming 52 million tonnes of run-of-mine coal reserves and a mine life exceeding 20 years. The project leverages existing infrastructure and low capital requirements, positioning it as a significant metallurgical coal asset in Queensland's Bowen Basin.