Latest Ore Reserve News

True North Copper (ASX:TNC) has agreed to sell its Bundarra Copper Project to Tec Minerals, securing A$500,000 cash, A$1 million equity in Tec Minerals, and a 1% Net Smelter Royalty, as it sharpens focus on its Mt Oxide and Cloncurry copper developments.

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.

Caravel Minerals has completed the mining component of its Definitive Feasibility Study for the Caravel Copper Project, underpinning an updated Ore Reserve of 597 million tonnes at 0.24% copper. The study outlines a staged open pit operation with plans for autonomous haulage and contractor engagement in early mining.

Perseus Mining is ramping up underground production and expanding its resource base at the Yaouré Gold Mine in Côte d’Ivoire, supported by a $34 million FY27 drilling program aimed at extending mine life and boosting mineral resources.

True North Copper is advancing its Mt Oxide Project with a strategic focus on expanding the Aquila copper-cobalt-silver discovery and developing the high-grade Vero resource, aiming to emulate the scale of the nearby Capricorn Copper mine.

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.

Brightstar Resources (ASX:BTR) is advancing its Goldfields and Sandstone projects in Western Australia with full funding secured, targeting first gold production at Goldfields by mid-2027 and aiming for top 10 national producer status by 2029.

Ora Banda Mining delivered a record 39,552 ounces of gold in the June quarter, meeting full-year guidance with 141,000 ounces produced. The company generated strong operating cash flow and unveiled a transformational growth plan targeting 300koz annual production by FY29.

New Murchison Gold Limited (ASX:NMG) has amended its JORC reporting for the Cloudkicker deposit while confirming strong, shallow high-grade gold intercepts. Mining at Cloudkicker has begun, expected to add about 20,000 ounces to production over the next 12-18 months.

Brightstar Resources has more than doubled the Indicated Mineral Resources at its Sandstone Gold Project to 1.1 million ounces, pushing the total resource base to 2.9 million ounces ahead of a key feasibility study.

Kalamazoo Resources has wrapped up its Mt Olympus Resource Definition Drilling Program, delivering strong high-grade gold intercepts and narrowing drill spacing to support resource upgrades at the Ashburton Gold Project.

EQ Resources reported FY26 tungsten production of 1,189 tonnes WO3 and is advancing major expansion projects at its Mt Carbine and Barruecopardo mines to more than triple output amid tightening global supply.