Latest Mineral Resources And Reserves News

Cavalier Resources has raised $2.14 million through a discounted placement to fast-track drilling at its Crawford Gold Project, while continuing negotiations for a $11 million pre-payment deal.

Lotus Resources has completed a A$65 million placement to bolster its uranium projects in Malawi and Botswana, positioning itself for steady production and future expansion.

New Murchison Gold Limited reports a series of high-grade gold intersections from regional drilling across multiple prospects in Western Australia's Abbotts Greenstone Belt, signaling promising growth beyond its flagship Crown Prince Gold Mine.

Black Cat Syndicate has launched mining operations at its Majestic underground mine near Kalgoorlie, aiming to deliver first ore to its Lakewood processing plant by December 2025. This milestone advances the company’s strategy to boost gold production through multiple projects.

Genesis Minerals has more than doubled its FY26 exploration budget to A$40-50 million, driven by promising drilling results at its Leonora and Laverton gold assets. Recent assays reinforce the company’s strategy of organic growth supported by resource expansion near existing processing infrastructure.

Catalyst Metals Limited reported record FY2025 financial results driven by stable operations at the Plutonic Gold Belt and a buoyant gold price environment. The company plans to double annual gold production to 200koz through development of new mines and expanded exploration.

Sandfire Resources Ltd reported a 26% surge in FY25 revenue to US$1.176 billion alongside a 46% rise in underlying EBITDA, driven by robust copper production and operational resilience despite severe weather disruptions. The company also slashed net debt by US$273 million, setting the stage for further growth in FY26.

Sandfire Resources reports a consolidated update on its Motheo copper-silver asset in Botswana, revealing declines in mineral resources and ore reserves due to mining depletion and remodelling. The company plans to declare a maiden ore reserve for the A1 deposit by mid-2026, aiming to extend mine life.

Mineral Resources Limited has released its inaugural Mineral Resources and Ore Reserves statements for the Pilbara Hub, revealing a substantial 161 million tonnes resource and 50.7 million tonnes reserve at robust iron grades. The inclusion of the Lamb Creek deposit promises to extend the hub’s production profile by five years, pending approvals.

Sayona Mining reports a 124% surge in Ore Reserves at its North American Lithium operation, alongside an 8% Mineral Resource increase, reinforcing its position in the North American lithium market.

Fortescue Ltd reported a solid FY25 with record iron ore shipments and a strong profit, while making significant strides in its decarbonisation agenda including renewable energy projects and green metal production.

Metals X Limited reported a robust half-year to June 2025 with profit after tax soaring 256% to $52.9 million, driven by higher tin sales and prices from its Renison joint venture. The company also progressed key projects and deepened strategic investments while reinforcing its ESG and safety frameworks.