Latest Ore Reserve News

Genesis Minerals and Vault Minerals have agreed to merge, creating a top-3 Australian gold producer with a pro-forma market cap of about A$12.66 billion and annual production of 600-700koz.

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.

Astral Resources has revealed substantial deep diamond drilling results at its Theia Deposit, part of the Mandilla Gold Project, highlighting significant mineralisation both within and extending well beyond the current resource boundaries.

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.

McLaren Minerals has wrapped up its largest-ever drilling campaign at the McLaren Titanium Project on schedule and within budget, setting the stage for a Mineral Resource update and maiden Ore Reserve estimate.

Manuka Resources has lifted the Wonawinta Silver Mine's Ore Reserve by 28%, underpinning its imminent restart of silver and gold production with upgraded plant facilities and contracted mining operations.

Hastings Technology Metals and JV partner Wyloo have unveiled an updated Definitive Feasibility Study for the Yangibana Rare Earths Project, revealing robust economics and a streamlined path to production with substantial infrastructure already in place.

Regis Resources has declined to counter Genesis Minerals' superior takeover proposal for Vault Minerals, triggering an expected termination of the merger agreement and a $50.7 million break fee payment to Regis.

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.

Astral Resources reports strong assay results from infill drilling at Theia, underpinning resource upgrades and de-risking early Mandilla mine development near Kalgoorlie.

Victory Metals advances its North Stanmore project by sending heavy rare earth concentrate to potential offtake partners and expanding its ore reserve through updated geological classification.