Latest Ore Reserve Upgrades News

Greatland Resources (ASX:GGP) exceeded its FY26 production and cost guidance, delivering 329koz of gold at a $2,179/oz AISC and bolstering cash to $1.29 billion. The company advanced key growth projects at Havieron and Telfer, including a major reserve upgrade and promising drilling results at Pinnacles.

Caravel Minerals has advanced its Caravel Copper Project DFS with a 48% increase in Proven Ore Reserves and secured $15 million in new royalty funding from Regal Royalty Fund, while extending key regulatory timelines.

Meteoric Resources has expanded its Ore Reserve at the Caldeira Rare Earth Project in Brazil by 42%, underpinning over 20 years of production and reinforcing its Tier 1 status in the global rare earths market.

Caravel Minerals has lifted the confidence in its Caravel Copper Project with a 48% increase in Proved Ore Reserve tonnage, maintaining stable total contained copper while adding new metal grades to the reserve estimate.

Viridis Mining has delivered strong infill drilling results at its Colossus Rare Earth Project, boosting resource confidence and underpinning an imminent resource and reserve upgrade ahead of a Final Investment Decision in Q3 2026.

Core Lithium Ltd (ASX: CXO) has awarded a $50 million surface mining contract to NRW Pty Ltd to restart open pit mining at the Grants deposit within its Finniss Lithium Operation, targeting ore production from May 2026 and spodumene concentrate shipments by December.

Sarytogan Graphite Limited has reported the last batch of assays from its Reserve definition drilling at the Sarytogan Deposit, confirming thick, high-grade graphite mineralisation that will underpin a resource upgrade and advance its Definitive Feasibility Study.

Canyon Resources confirms the Minim Martap Bauxite Project as a world-class asset with robust economics and begins construction ahead of first shipment in mid-2026.

Core Lithium has significantly increased its Ore Reserves at the Finniss Lithium Project by 42%, secured $54.3 million in fresh capital, and cleared all offtake obligations to advance its restart plans.

Sarytogan Graphite Limited has reported strong high-grade graphite intersections from its latest drilling campaign in Kazakhstan, reinforcing its position as the world’s highest-grade graphite resource. These results underpin an upcoming resource and reserve upgrade feeding into the ongoing Definitive Feasibility Study.

Core Lithium has significantly increased its Ore Reserve Estimate at the Finniss Lithium Project, with the Carlton deposit upgrade driving a 42% rise in total reserves. This milestone strengthens the project's restart schedule and expansion potential.

Ioneer Ltd has announced a 308% increase in the Ore Reserve for its Rhyolite Ridge Lithium-Boron Project in Nevada, extending mine life to 95 years and confirming robust economics with low-cost lithium production and a stable boric acid revenue stream.