Latest Ore Reserve News

Hawsons Iron Ltd has declared a JORC-compliant Probable Ore Reserve of 2.3 billion tonnes and completed a positive Pre-Feasibility Study supporting a 26-year, 12Mtpa magnetite concentrate project in New South Wales.

Horizon Minerals reports spectacular ultra high-grade gold drill results from its Phase 1 program at the Burbanks project, confirming significant resource expansion potential. The ongoing 30,000m drilling campaign aims to upgrade and grow the existing Mineral Resource Estimate.

Prospech Limited advances its Korsnäs rare earth project by transitioning from flotation upgrades to a targeted hydrometallurgical program with ANSTO Minerals, aiming to unlock value from a significant historical concentrate stockpile in Finland.

Saturn Metals has released a positive Pre-Feasibility Study for its Apollo Hill Gold Project, outlining a 14-year open pit mine with a maiden Ore Reserve of 1.59 million ounces and strong financial returns. The study supports a move to Definitive Feasibility Study with full funding secured through that phase.

Ausgold Limited’s updated Definitive Feasibility Study for the Katanning Gold Project significantly boosts gold production forecasts and financial returns, underpinning a robust development pathway.

Resolute Mining’s updated Definitive Feasibility Study for the Doropo Gold Project reveals a 55% increase in ore reserves, a longer mine life, and robust financial returns, positioning the project as a key growth driver.

Ballard Mining’s latest drilling at its Mt Ida Gold Project reveals promising high-grade gold mineralisation across multiple prospects, setting the stage for an aggressive resource expansion campaign in 2026.

Medallion Metals has completed a Feasibility Study for its Ravensthorpe Gold Project, confirming robust economics and a clear pathway to near-term gold and copper production leveraging existing infrastructure in Western Australia.

Celsius Resources has announced a maiden JORC-compliant Ore Reserve Estimate for its Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines, underpinning a robust feasibility study and advancing project financing.

New Murchison Gold Limited has released its 2025 Mineral Resources and Ore Reserves update for the Crown Prince Gold Mine, reflecting initial mining depletion and confirming the project’s economic viability. The company is now focusing on underground potential and near-mine exploration.

Robex Resources and Predictive Discovery have amended their merger agreement, increasing the exchange ratio and reshaping ownership stakes, while postponing the shareholder vote to December 30, 2025. The deal aims to create a leading West African gold producer with significant growth potential.

Predictive Discovery Limited has amended its acquisition deal with Robex Resources, creating a combined gold producer with over 400,000 ounces annual output by 2029 and sidelining Perseus Mining’s competing offer.