Latest Ore Reserves News

Nexus Minerals has acquired Northern Star’s remaining 10% stake in the Pinnacles Gold Project, boosting its ownership to 100% and ending the joint venture. The deal includes a 1.5% net smelter return royalty payable to Northern Star, with an option to buy back part of it.

Antipa Minerals’ updated Pre-Feasibility Study test-work validates a conventional gold-copper processing route with strong recoveries and reveals geotechnical improvements that could reduce underground mining at Minyari Dome.

Anax Metals (ASX: ANX) is launching a high-impact 18-hole diamond drilling campaign at its Whim Creek Project, aiming to extend the Mons Cupri VHMS deposit and uncover new mineralisation with modern techniques.

EQ Resources Ltd is set to boost its tungsten footprint in Far North Queensland by acquiring Aus Critical Minerals and TTTP1, increasing its Mt Carbine tenure by 45% to 1,136 square kilometres.

Wildcat Resources has delivered promising early metallurgical results from its Bolt Cutter Central lithium discovery in WA’s Pilbara, showing spodumene recoveries averaging 82.5% using flotation methods from its Tabba Tabba project. Exploration drilling has extended the mineralised footprint to over 2.3km with multiple significant lithium intercepts.

Zeotech Limited has extended its offtake agreement with Jiangsu Mineral Sources International Trading Co. to April 2027, while completing a major drilling campaign and securing key environmental and infrastructure approvals at the Toondoon Kaolin Project.

Genesis Minerals has tabled a binding A$5.6 billion merger proposal for Vault Minerals, offering a mix of shares and cash that values Vault at a premium to a rival bid. The combined entity would dominate the Leonora-Laverton gold district with significant operational synergies and a strong balance sheet.

Antipa Minerals’ latest Pre-Feasibility Study update reveals strong metallurgical results with gold recoveries up to 98% and improved geotechnical parameters that could reduce underground mining at Minyari Dome.

Audalia Resources has secured $450,000 through a placement of 15 million shares at 3 cents each, aiming to push its Medcalf project closer to production while maintaining working capital.

Pursuit Minerals has kicked off diamond drilling at the Mito tenement, aiming to unlock a vast lithium brine system that could significantly boost its Rio Grande Sur resource. The drill program follows advanced geophysical work and a recent resource upgrade, positioning the project for potential long-term growth.

FireFly Metals has delivered exceptional drilling results at its Green Bay Copper-Gold Project, reinforcing the continuity and scale of its high-grade core zone. These assays will feed into updated resource models and economic studies due mid-year.

Norwest Minerals updates its Bulgera Gold Project resource estimate to 191,000 ounces within an optimised open-pit shell, underpinning a promising heap leach development pathway with strong metallurgical recoveries.