Latest Mineral Resource And Ore Reserve News

Pantoro Gold says Norseman has produced 19,130 ounces quarter-to-date, keeping FY2027 output within reach of its 90,000 to 105,000-ounce target. A second open pit is now delivering ore while Racetrack drilling continues to build a potential future mine source.

Altitude Minerals has lodged a prospectus for a non-renounceable $1.49 million entitlement offer, but warns the issue is ununderwritten and highly unlikely to be fully subscribed. The company is seeking up to $2.6 million in total funding for Nevada drilling, business development and working capital.

Eastern Resources has placed its Queensland Marengo Gold Project at the centre of its exploration strategy after 54 of 60 rock-chip samples returned more than 0.1 ppm gold, including a peak of 12.3 ppm. The company remains an early-stage explorer, with no JORC Mineral Resource yet defined and A$3.27 million in cash at year-end.

Pantoro Gold has extended the interpreted mineralised strike at its Racetrack discovery to about 900 metres, with drilling returning several high-grade intersections. The company will begin a 450-metre exploration decline from the OK Underground Mine in the December 2026 quarter, although Racetrack remains outside the current Mineral Resource and Ore Reserve.

Terrain Minerals has recorded gold recoveries of up to 93.7% from first-pass metallurgical testing at its Lightning Gold Project, using a conventional gravity and carbon-in-leach flowsheet. The results reduce a key technical uncertainty, although the work remains preliminary and is based on only three RC chip composites.

Daly Resources ended FY2026 with $11.05 million in cash after its $12 million IPO, but reported a $3.63 million loss dominated by share-based remuneration. The ASX-listed explorer has no defined mineral resources or ore reserves and must now convert its exploration portfolio into results.

Lunnon Metals has reported strong gold intersections from 36 holes at its Foster-Baker project, including a standout 1 metre at 80.80 g/t gold at Hustler and broader mineralisation at Koombana. The results will feed updated resource models before a scoping study considers whether the two deposits could support future mining alongside a Lady Herial cut-back.

Benz Mining’s quarterly loss widened sharply as exploration spending surged at its Western Australian projects, but a subsequent C$148.02 million placement has given the company substantial funding to accelerate Glenburgh drilling. The project’s 10.1-12.0 million ounce Exploration Target remains conceptual rather than a Mineral Resource.

Cyprium Metals has begun acid commissioning at its Nifty heap leach pads for the first time since 2009, bringing its copper restart into the operational phase. The company now expects first cathode production in the fourth quarter of 2026, subject to energisation, wet commissioning and ramp-up.

AuKing Mining has reported wide, high-grade rare earth intersections from maiden RC drilling at its Tundulu project in Malawi, including 91 metres at 1.51% TREO. The results also reveal unusually strong heavy rare earth enrichment and have prompted the company to fast-track a maiden resource estimate targeted before the end of 2026.

Boab Metals has reported high-grade silver-lead intercepts outside the current Sorby Hills FEED Study pit designs, led by 12.62 metres at 204g/t silver equivalent. The results have pushed the company to extend its growth drilling program as it assesses potential resource, reserve and mine-life additions.

Alcoa has filed South32’s meeting materials ahead of a shareholder vote on the proposed sale of bauxite, alumina and aluminium interests. The transaction remains subject to shareholder approval, regulatory clearance, financing and other closing conditions.