Latest Ore Reserves News

Richmond Vanadium Technology has paused parts of its feasibility study and approval processes in response to a prolonged downturn in vanadium prices, focusing instead on metallurgical innovation and cash conservation.

West Wits Mining has secured a $50 million senior loan and updated its feasibility study, revealing significantly improved project economics for its Qala Shallows Gold Project. Mobilisation is underway, setting the stage for production ramp-up.

Vault Minerals delivered a robust June quarter with 98,459 ounces of gold produced and a significant cash flow boost, while advancing major upgrades at its King of the Hills operation.

VRX Silica Limited has successfully concluded the environmental appeal process for its Arrowsmith North Silica Sand Project, with the WA Minister for Environment confirming the adequacy of the EPA assessment. The company is now advancing financing discussions and offtake agreements as it awaits formal project approval.

Ioneer Ltd has dramatically expanded its lithium-boron Ore Reserves at Rhyolite Ridge, reinforcing the project’s robust economics and securing $16 million in new funding to advance development.

Anax Metals has raised $3.3 million through convertible notes to push forward its Whim Creek copper-zinc project in Western Australia, while resolving a recent arbitration with its cornerstone investor Mineral Development Partners.

Centaurus Metals reports strong value engineering results for its Jaguar Nickel Sulphide Project, confirming a 15-year mine life and first quartile costs, while advancing exploration at Boi Novo and Jambreiro iron ore projects.

Perseus Mining delivered a strong June 2025 quarter, hitting production targets and maintaining a robust cash position of US$827 million, while progressing major projects including the Nyanzaga Gold Project in Tanzania.

Aeris Resources has outlined a robust FY26 plan focusing on increased copper equivalent production and strategic asset management, aiming to enhance shareholder value through operational delivery and exploration.

Vanadium Resources Limited has raised A$1.2 million through an oversubscribed placement to support its near-term production ambitions and convert outstanding debt into equity, strengthening its balance sheet.

Kingston Resources has completed the $95 million sale of its Misima Gold Project, bolstering its balance sheet and enabling accelerated growth at its Mineral Hill mine in NSW. The company reports strong operational progress and promising high-grade drilling results.

Tivan Limited has forged binding joint ventures with Sumitomo Corporation and JOGMEC, secured significant equity investments, and launched a major drilling campaign to advance its Speewah Fluorite Project in Western Australia.