Latest Ore Reserve News

Ora Banda Mining's latest drilling at Riverina confirms deep, high-grade gold mineralisation, extending mine life and prompting a $45 million investment to accelerate exploration and infrastructure expansion.

South32 has obtained federal environmental approval for its Worsley Mine Development Project, paving the way for sustained bauxite mining and alumina production through at least fiscal year 2036.

Vanadium Resources Limited has raised A$783,000 through a convertible note issue to fund working capital and progress strategic equity partnerships for its Steelpoortdrift Vanadium Project.

St Barbara Limited has announced its intention to separate its Atlantic Gold Operations in Nova Scotia, aiming to unlock value through a Canadian-led development while concentrating on its Papua New Guinea assets.

Emerald Resources NL has increased the Ore Reserve at its Okvau Gold Mine by 245,000 ounces, lifting total reserves to 700,000 ounces and global resources beyond 3 million ounces. This update underpins the company’s ambition to become a multi-mine gold producer.

Patriot Battery Metals has launched a significant 2025 winter drilling campaign at its Shaakichiuwaanaan Property, aiming to extend high-grade lithium zones and support an upcoming feasibility study. The program targets 15,000 meters of drilling with results expected to shape the company’s development trajectory.

KGL Resources Limited has released a comprehensive feasibility study update for its Jervois Copper Project, confirming its technical robustness and financial viability with plans to commence production in 2027. The project boasts a post-tax net present value of A$405 million and aims to produce around 30,000 tonnes of copper annually, positioning itself to capitalize on a tightening global copper market.

WA Kaolin Ltd has launched a fully underwritten A$7 million entitlement offer to fund a critical ramp-up in production following successful operational upgrades. With strong forward orders and supportive major shareholders, the company aims to achieve positive cash flow and expand its market footprint.

West African Resources reports robust results from its maiden grade control drilling at the Kiaka Gold Project, confirming extensive mineralisation and setting the stage for mining to commence in early 2025.

New Murchison Gold Limited (ASX:NMG) reveals a robust Feasibility Study for its Crown Prince Gold Deposit, projecting $226 million pre-tax cash flow over 30 months with a low $5.4 million capital outlay. Mining is slated to start mid-2025, positioning NMG on the cusp of production.

Manuka Resources reports a maiden silver reserve at its Wonawinta Silver Mine and progresses its Taranaki VTM Iron Sands Project under new New Zealand legislation, bolstering its growth prospects and financial position.

Jindalee Lithium’s latest quarterly report confirms a 63-year life for its McDermitt Lithium Project, underpinned by robust financial metrics and a maiden ore reserve that taps just a fraction of its vast resource.