Latest Ore Reserve News

Burgundy Diamond Mines reported a challenging Q1-2025 with lower ore mined and revenue, yet continues to progress development at Point Lake and Misery mines while strengthening its financial position.

Manuka Resources reports strong progress on its Taranaki VTM iron sands project with key regulatory approvals underway, while preparing to restart precious metals production at Wonawinta and Mt Boppy in 2025.

Heavy Minerals Limited is on the cusp of releasing its Port Gregory Garnet Project Pre-Feasibility Study, while simultaneously exploring a promising new industrial minerals opportunity and advancing funding efforts.

Matsa Resources has commenced mining at its Devon Pit Gold Mine, backed by a robust feasibility study and a maiden reserve of 46,000 ounces. The company also sealed a $101 million option deal with AngloGold Ashanti for part of its Lake Carey project, while successfully fending off an unsolicited takeover bid.

EQ Resources delivered robust operational gains in Q3 FY2025, boosting mining volumes and processing throughput while advancing key plant upgrades and securing significant funding.

New Murchison Gold Limited reports breakthrough ultra-high grade gold intercepts at Crown Prince alongside a robust feasibility study and strong funding position, setting the stage for mid-2025 mining commencement.

Kore Potash has completed an Optimised Definitive Feasibility Study for its Kola Potash Project, outlining a $2.07 billion capital cost and a 23-year mine life. The company also secured $10.1 million in funding and holds $10.2 million in cash as it prepares for construction.

Auric Mining Limited reports strong progress with over 27,600 ounces produced at Jeffreys Find and advances multiple acquisitions, positioning itself as a growing gold producer in Western Australia.

Boab Metals has executed a binding agreement to acquire the DeGrussa Processing Plant, significantly derisking its Sorby Hills Lead-Silver-Zinc Project and setting the stage for a Final Investment Decision in the second half of 2025.

Sunshine Metals has made significant progress at its Ravenswood Consolidated Project with encouraging drilling results on shallow oxide gold targets and new gold-copper prospects, supported by a $3 million placement to fund further exploration.

Vanadium Resources Limited has extended its EPC and financing MOU with China Energy and raised A$783,000 via convertible notes, supporting ongoing development of its Steelpoortdrift Vanadium Project amid cost controls and regulatory progress.

Xanadu Mines has transitioned operatorship of its flagship Kharmagtai project to Zijin Mining, delivered key feasibility milestones, and is now exploring strategic funding and corporate options amid a solid cash position.