Latest Ore Reserve News

Beacon Minerals reports multiple high-grade gold intersections from extensive drilling at the Iguana Deposit, reinforcing its resource potential. However, the company lowers its March quarter production guidance due to operational challenges.

Saturn Metals has reported compelling high-grade gold assay results from its Titan Zone at Apollo Hill, reinforcing the potential of the Iris Footwall structure. These results pave the way for a resource update and feasibility study progress.

Carnaby Resources has released a compelling Pre-Feasibility Study and maiden Ore Reserve for its Greater Duchess Copper Gold Project, outlining a 12-year mine life with strong financial metrics and a near-term production target.

Barton Gold Holdings has launched Phase 2 drilling at its Tunkillia Gold Project, aiming to upgrade resources and fast-track a mining lease application by year-end. The project’s strong economics and rising gold and silver prices underpin an optimistic development outlook.

Pantoro Gold has reported exceptional underground drilling results from the Butterfly area within its Norseman Gold Project, revealing high-grade gold mineralisation close to existing infrastructure and promising further resource expansion.

OzAurum Resources has kicked off an 18,000-metre drilling campaign at its Mulgabbie North Gold Project, aiming to confirm high-grade gold zones and accelerate its pathway to production.

Felix Gold’s 2025 drilling program at Treasure Creek in Alaska has revealed further high-grade antimony and gold mineralisation, extending the NW Array system west and south and reinforcing its potential as a strategic US antimony source.

Ballard Mining reports promising high-grade gold drill results from its Mt Ida regional prospects, accelerating a major 220,000m drilling program aimed at extending mine life and boosting production.

OzAurum Resources has secured environmental approval for Stage 1 of its Mulgabbie North Gold Project, clearing a major regulatory hurdle and accelerating its path to near-term production.

Pantoro Gold is set to commence development of its third underground mine at the Norseman Gold Project early in FY27, targeting high-grade ore and production growth. The move follows strong drilling results and resource confidence, underpinning the company’s ambitious expansion strategy.

Magnetite Mines Limited (ASX:MGT) has been awarded Federal Major Project Status for its Razorback Iron Ore Project, unlocking government support as it advances multi-commodity exploration across South Australia. The company is progressing rare earth, copper, and gold programs while positioning Razorback for long-term green steel supply.

Polymetals Resources has begun mining high-grade silver ore at its Endeavor mine, revealing silver grades significantly above expectations and initiating a direct shipping ore trial to capitalise on newfound value.