Latest Ore Reserves News

Australian Rare Earths (ASX: AR3) has uncovered a 10-kilometre magnetic anomaly at its Overland Project, significantly broadening its niobium-rare earth element drill targets beyond the initial OV167 discovery. Historic drill data supports the potential for a large-scale carbonatite system, prompting a new drilling campaign to test multiple priority targets.

Boab Metals reports promising early results from its 2026 drilling program at Sorby Hills, with visual mineralisation suggesting Reserve growth and mine life extension beyond current plans.

Sandfire Resources capped FY26 with a 38% jump in quarterly copper equivalent output, record financials, and a strong FY27 production outlook.

Ardea Resources pushes back the completion of its Kalgoorlie Nickel Project DFS to pursue optimisation opportunities, while securing strong multi-level government backing and maintaining a robust financial position.

Aeris Resources has secured the critical mining lease for its Constellation Project at Tritton Copper Operations, unlocking the path to production with early construction already underway and waste stripping set for early next year.

Caravel Minerals has advanced its Caravel Copper Project DFS with a 48% increase in Proven Ore Reserves and secured $15 million in new royalty funding from Regal Royalty Fund, while extending key regulatory timelines.

Meeka Metals reports significant high-grade gold intersections well below the Turnberry Ore Reserve, coinciding with a strategic shift from open pit to underground mining amid contractor productivity issues.

Horizon Gold's Definitive Feasibility Study for the Gum Creek Project outlines a robust 10-year open pit mine plan with strong financial returns and production targets, setting the stage for a Final Investment Decision in mid-2027.

Paladin Energy completes Langer Heinrich Mine ramp-up, delivering strong FY2026 results and advancing its Canadian PLS Project with a new uranium discovery. FY2027 guidance forecasts stable production and costs amid ongoing regulatory progress.

Resolute Mining has lifted its ABC Project inferred gold resource to over 3 million ounces following extensive drilling, setting the stage for a $15-25 million feasibility push.

Ardea Resources is pushing forward its Kalgoorlie Nickel Project’s Goongarrie Hub with a fully funded $98.5 million Definitive Feasibility Study, underpinned by multi-jurisdictional government support and strategic partnerships with Japanese industry giants.

Silver Mines has confirmed robust economics for its Bowdens Silver Project, boosting ore reserves to 93.5 million ounces and outlining a 26-year mine life with a $455 million capital cost estimate.