Latest Ore Reserve News

Legacy Minerals has acquired exploration rights to the Nico Young nickel-cobalt deposit in NSW, boasting one of Australia’s largest contained resources with significant strategic potential amid current market lows.

Saturn Metals has reported a new zone of thick, high-grade gold intersections at its Apollo Hill project, significantly enhancing its exploration potential. The newly defined 'Iris Zone' shows promising mineralisation open along strike and down plunge.

Magnetite Mines has increased its Razorback Iron Ore Project resource estimate and is advancing strategic partnerships, while early saline water testwork shows promise for green iron production.

Magnetite Mines Limited has updated its Razorback Iron Ore Project Mineral Resource Estimate, increasing tonnage by 600 million tonnes through a revised cut-off grade that aligns with Ore Reserves. This reinforces the project's strategic position in South Australia's Braemar iron province.

Cavalier Resources appoints Colin Bald as General Manager Operations and releases an updated Pre-Feasibility Study for its Crawford Gold Project, highlighting robust financial metrics and a clear path to production.

Green Critical Minerals’ McIntosh Graphite Project Pre-Feasibility Study confirms robust economics with a post-tax NPV of A$235 million and a 32.5-year mine life, underpinning plans for staged development and market entry.

Ausgold Limited has released a Definitive Feasibility Study for its Katanning Gold Project in Western Australia, confirming a robust 10-year mine life with strong economic returns and aggressive exploration underway.

Ausgold Limited’s Definitive Feasibility Study for the Katanning Gold Project confirms a robust 10-year open pit mine with strong production and financial metrics, setting the stage for rapid project advancement.

The Western Australian Minister for Environment has confirmed the adequacy of the Environmental Protection Authority’s assessment for VRX Silica’s Arrowsmith North project, allowing development to proceed with amended conditions addressing environmental concerns.

Horizon Minerals has initiated a major two-phase drilling program at its Burbanks gold project to upgrade resource confidence and explore extensions, underpinning plans for a refurbished processing plant and first gold production by 2026.

Brightstar Resources has announced maiden Ore Reserves for its Second Fortune and Fish underground mines, underpinning FY26 production under a key Ore Purchase Agreement with Genesis Minerals. The company also signals significant exploration upside and an imminent Definitive Feasibility Study that could expand its footprint in the WA Goldfields.

New Murchison Gold Limited has secured all key approvals and mobilised equipment for mining at its Crown Prince Gold Project, with first ore delivery expected by September 2025. The company also announced a $15 million capital raise to support its transition from explorer to producer.