Latest Ore Reserves News

Brightstar Resources (ASX:BTR) is advancing its Goldfields and Sandstone projects in Western Australia with full funding secured, targeting first gold production at Goldfields by mid-2027 and aiming for top 10 national producer status by 2029.

Ora Banda Mining delivered a record 39,552 ounces of gold in the June quarter, meeting full-year guidance with 141,000 ounces produced. The company generated strong operating cash flow and unveiled a transformational growth plan targeting 300koz annual production by FY29.

New Murchison Gold Limited (ASX:NMG) has amended its JORC reporting for the Cloudkicker deposit while confirming strong, shallow high-grade gold intercepts. Mining at Cloudkicker has begun, expected to add about 20,000 ounces to production over the next 12-18 months.

Brightstar Resources has more than doubled the Indicated Mineral Resources at its Sandstone Gold Project to 1.1 million ounces, pushing the total resource base to 2.9 million ounces ahead of a key feasibility study.

Kalamazoo Resources has wrapped up its Mt Olympus Resource Definition Drilling Program, delivering strong high-grade gold intercepts and narrowing drill spacing to support resource upgrades at the Ashburton Gold Project.

EQ Resources reported FY26 tungsten production of 1,189 tonnes WO3 and is advancing major expansion projects at its Mt Carbine and Barruecopardo mines to more than triple output amid tightening global supply.

Genesis Minerals and Vault Minerals have agreed to merge, creating a top-3 Australian gold producer with a pro-forma market cap of about A$12.66 billion and annual production of 600-700koz.

Genesis Minerals and Vault Minerals have agreed to merge in a deal valuing Vault at about A$5.6 billion, creating a top-three Australian gold producer with pro-forma annual production of 600-700koz and estimated synergies of A$2 billion.

West African Resources has hit significant high-grade gold zones below the M5 South underground Ore Reserve at Sanbrado, with drilling results suggesting substantial Ore Reserve growth potential. The company plans to integrate these findings into its 2027 resource update and production outlook.

Astral Resources has revealed substantial deep diamond drilling results at its Theia Deposit, part of the Mandilla Gold Project, highlighting significant mineralisation both within and extending well beyond the current resource boundaries.

Ora Banda Mining (ASX:OBM) reported a substantial expansion of its Mineral Resources and Ore Reserves at the Davyhurst Gold Project, driven by exploration success and significant drilling investment.

McLaren Minerals has wrapped up its largest-ever drilling campaign at the McLaren Titanium Project on schedule and within budget, setting the stage for a Mineral Resource update and maiden Ore Reserve estimate.