Latest Ore Reserves News

Patriot Battery Metals reported a Q3 net loss of $2.23 million and a nine-month loss of $5.60 million, reflecting heavy investment in its flagship Shaakichiuwaanaan lithium project. A strategic $69 million private placement with Volkswagen post-quarter end underscores growing industry confidence.

Macarthur Minerals Limited reported a comprehensive loss of AUD 252,771 for Q4 2024, marking a sharp reversal from the prior year's profit. The company is navigating reduced exploration spending and strategic asset sales while facing ongoing funding challenges.

VHM Limited has unveiled a staged development plan for its Goschen Rare Earths and Mineral Sands Project, targeting first production by late 2026 and a scalable expansion to 5Mtpa by 2029 with robust financial returns.

Cavalier Resources has completed and submitted all necessary mining approvals for the Crawford Gold Project, moving decisively toward production amid strong gold prices and ongoing funding talks.

Hillgrove Resources has updated its Kanmantoo Mine exploration targets, identifying significant copper-gold potential and planning an extensive 19,000-metre diamond drilling campaign in 2025 to expand its resource base.

Northern Star Resources delivered strong half-year financials for FY25, showcasing significant growth in EBITDA and cash earnings while advancing its strategic acquisition of De Grey Mining.

Ora Banda Mining's latest drilling at Riverina confirms deep, high-grade gold mineralisation, extending mine life and prompting a $45 million investment to accelerate exploration and infrastructure expansion.

South32 has obtained federal environmental approval for its Worsley Mine Development Project, paving the way for sustained bauxite mining and alumina production through at least fiscal year 2036.

Vanadium Resources Limited has raised A$783,000 through a convertible note issue to fund working capital and progress strategic equity partnerships for its Steelpoortdrift Vanadium Project.

St Barbara Limited has announced its intention to separate its Atlantic Gold Operations in Nova Scotia, aiming to unlock value through a Canadian-led development while concentrating on its Papua New Guinea assets.

Emerald Resources NL has increased the Ore Reserve at its Okvau Gold Mine by 245,000 ounces, lifting total reserves to 700,000 ounces and global resources beyond 3 million ounces. This update underpins the company’s ambition to become a multi-mine gold producer.

Patriot Battery Metals has launched a significant 2025 winter drilling campaign at its Shaakichiuwaanaan Property, aiming to extend high-grade lithium zones and support an upcoming feasibility study. The program targets 15,000 meters of drilling with results expected to shape the company’s development trajectory.