Latest Ore Reserve News

AKORA Resources has initiated a surface trenching program at its Bekisopa Iron Ore Project in Madagascar, aiming to extend its high-grade direct shipping ore resource despite ongoing local unrest. The company remains confident in project progress and safety.

Vanadium Resources Limited has appointed mining entrepreneur Nick Diack as CEO to spearhead the transition of its Steelpoortdrift Vanadium Project towards near-term production, signaling a strategic shift backed by strong industry expertise and performance-linked incentives.

Ramelius Resources has reported a substantial 38% increase in Mineral Resources and a remarkable 118% rise in Ore Reserves as of June 2025, underpinned by new project inclusions and a promising Pre-Feasibility Study for its Break of Day underground mine.

Wia Gold Limited’s latest scoping study for the Kokoseb Gold Project in Namibia confirms a low-cost, long-life open pit operation with compelling economics and significant upside potential.

New Murchison Gold Limited has reported a robust start to production at its Crown Prince Gold Mine, with significant ore processed and first revenue expected in October 2025.

Challenger Gold has secured the final Environmental Impact Assessment amendment for its Hualilán Gold Project, enabling ore haulage and toll milling at the Casposo plant. This milestone unlocks a low-capital pathway to early cash flow while advancing the project’s development.

Zeotech Limited has successfully raised $13 million through a strongly supported placement, positioning the company to advance mining operations at its Toondoon Kaolin Project and progress its AusPozz™ feasibility study.

West Wits Mining has locked in a USD 12.5 million tranche of a USD 35 million loan facility from Nebari to accelerate development of its Qala Shallows Gold Project, aiming for first gold production in early 2026.

Manuka Resources has gained approval for a secondary listing on the New Zealand Stock Exchange, enhancing trading access for local shareholders and supporting its strategic growth in critical and precious metals projects across New Zealand and Australia.

Vanadium Resources Limited is advancing multiple offtake discussions for its Steelpoortdrift project, with competing proposals offering improved terms over existing agreements. Operational readiness steps are progressing, including key executive appointments and contractor finalisations.

Canyon Resources is fast-tracking its Minim Martap bauxite project in Cameroon, backed by a $140 million debt facility and a $215 million equity raise, aiming for production start in early 2026. The Definitive Feasibility Study confirms strong economics with a project NPV exceeding $830 million and an IRR of 29%.

Cavalier Resources has initiated a 5,000m extensional drilling program at its Crawford Gold Project, aiming to expand mineral resources and underpin future mining stages backed by a robust Pre-Feasibility Study.