Latest Mineral Resource And Ore Reserve News

Sandfire Resources capped FY26 with a 38% jump in quarterly copper equivalent output, record financials, and a strong FY27 production outlook.

Aeris Resources has secured the critical mining lease for its Constellation Project at Tritton Copper Operations, unlocking the path to production with early construction already underway and waste stripping set for early next year.

Turaco Gold has appointed Warren King as Project Development Director to lead the Afema Project through its Definitive Feasibility Study and into construction, leveraging his extensive experience in African and Australian gold projects.

Cyprium Metals is on the cusp of restarting copper cathode production at its Nifty Copper Complex, targeting the September quarter 2026 for first output as key infrastructure nears completion. Meanwhile, the company advances growth strategies including a potential SXEW plant capacity expansion and exploration of oxide ores.

Genesis Minerals and Vault Minerals have agreed to merge in a deal valuing Vault at about A$5.6 billion, creating a top-three Australian gold producer with pro-forma annual production of 600-700koz and estimated synergies of A$2 billion.

West African Resources has hit significant high-grade gold zones below the M5 South underground Ore Reserve at Sanbrado, with drilling results suggesting substantial Ore Reserve growth potential. The company plans to integrate these findings into its 2027 resource update and production outlook.

Ora Banda Mining (ASX:OBM) reported a substantial expansion of its Mineral Resources and Ore Reserves at the Davyhurst Gold Project, driven by exploration success and significant drilling investment.

Pantoro Gold's FY2026 gold output fell below expectations due to contractor and labour shortages, prompting a strategic operational review. The company targets 90,000 to 105,000 ounces in FY2027 with a stabilisation-first approach and significant investments in new ore sources and infrastructure.

Kingston Resources has extended the high-grade upper A Lode at its Southern Ore Zone, Mineral Hill, with drilling confirming mineralisation continuity east and south, supporting resource growth and a longer mine life.

EQ Resources Ltd is set to boost its tungsten footprint in Far North Queensland by acquiring Aus Critical Minerals and TTTP1, increasing its Mt Carbine tenure by 45% to 1,136 square kilometres.

Pursuit Minerals has kicked off diamond drilling at the Mito tenement, aiming to unlock a vast lithium brine system that could significantly boost its Rio Grande Sur resource. The drill program follows advanced geophysical work and a recent resource upgrade, positioning the project for potential long-term growth.

Cyprium Metals has marked a significant milestone with the first sulphuric acid delivery to its Nifty Copper Complex in 20 years, signaling a shift from construction to commissioning. The Phase 1 Copper Cathode Restart project is advancing rapidly, with key infrastructure and operational systems nearing completion.