Latest Ore Reserve Estimates News

New Murchison Gold Limited (ASX:NMG) reveals a robust Feasibility Study for its Crown Prince Gold Deposit, projecting $226 million pre-tax cash flow over 30 months with a low $5.4 million capital outlay. Mining is slated to start mid-2025, positioning NMG on the cusp of production.

Aeris Resources delivered steady copper equivalent production and improved cash flow in the December 2024 quarter, despite operational setbacks at Tritton. The company advances exploration and development projects, positioning for future growth.

QMines Limited has completed a significant drilling campaign at its newly acquired Develin Creek copper project, delivering promising assay results that reinforce the project's potential to expand the Mt Chalmers mine plan.

Silver Mines Limited has secured $25 million in funding and released an updated Ore Reserve and Optimisation Study for its flagship Bowdens Silver Project, reinforcing its position as a leading silver developer in Australia.

Citigold Corporation reports steady progress in restarting its Charters Towers Gold Project, highlighting successful test mining and ongoing exploration while preparing for large-scale production.

Capricorn Metals Ltd has reported a substantial 41% increase in the Ore Reserve Estimate at its Mt Gibson Gold Project, driven by ongoing drilling that continues to deliver exceptional high-grade results and promising underground potential.

Aura Energy has reported a substantial 49% increase in Ore Reserves at its flagship Tiris Uranium Project, advancing towards a Final Investment Decision in early 2025 while also benefiting from positive regulatory shifts in Sweden.

Element 25 Limited has announced a 107% increase in Ore Reserves at its Butcherbird Manganese Project in Western Australia, now supporting an 18.3-year mine life at 1.1Mtpa production. This milestone underpins the company’s strategic expansion into battery-grade manganese supply for the EV market.

Aeris Resources has completed a 70-hole drill program at its Constellation deposit, delivering impressive high-grade copper intercepts and setting the stage for a significant resource upgrade and mine permitting milestones.

True North Copper has successfully completed a $53.44 million capital raising and debt restructuring, exiting voluntary administration and securing ASX reinstatement. The company shifts focus to exploration at Mt Oxide and Cloncurry, retracting prior production plans for the next 12 months.

Antilles Gold Limited has declared a maiden Probable Ore Reserve of 1.76 million tonnes at the Nueva Sabana copper-gold project in Cuba, supported by a comprehensive Pre-Feasibility Study outlining strong financial metrics and a clear path to production.