Latest Reserves And Resources News

Amplitude Energy has approved development of its East Coast Supply Project, targeting first gas in 2028 and gross production of up to 90 TJ a day. The decision also adds an exploration well to the campaign, lifting FY27 capital expenditure guidance by up to $80 million.

Solara Minerals has reported a sharply wider FY2026 loss after impairing $3.14 million of exploration assets, while cash fell to $2.03 million. The early-stage explorer expanded its Bryah Basin portfolio but says further funding may be needed to continue exploration.

Deterra Royalties has paid US$74.15 million for a royalty covering most of Ivanhoe Electric’s Santa Cruz copper project in Arizona. The deal adds a third core asset, but its projected returns still depend on financing, permitting and a targeted 2029 production start.

Lake Resources has reduced Kachi’s estimated capital cost by US$220 million and outlined a 25-year, 25,000-tonne-per-year operation. But the lithium developer still needs further funding, environmental approval, offtake and a final investment decision before construction can begin.

Rox Resources is pitching Youanmi as a fully funded, near-term gold producer while outlining an ambition to lift output beyond 150,000 ounces a year. The mine’s initial plan remains materially smaller, with first gold targeted for mid-2027 and average production of about 117,000 ounces a year.

OzAurum Resources has shifted Mulgabbie North from feasibility work into early construction, backed by encouraging laboratory heap leach results and a $4.10 million placement. But the company remains loss-making, cash-burning and dependent on further funding, with its auditor flagging a material uncertainty over going concern.

Tolu Minerals has increased the Tolukuma gold resource by 81% to 909,000 ounces after four months of full-scale drilling, pushing its reported Papua New Guinea gold inventory above one million ounces. The proposed early 2027 restart now has a larger resource base, but remains dependent on infrastructure, technical work and conversion of resources into mineable reserves.

Orezone Gold has outlined a 14-year plan for its newly acquired Casa Berardi mine, targeting 1.63 million ounces of production and an after-tax NPV of US$1.05 billion. The economics are substantial, but the plan remains a preliminary assessment built partly on Inferred Resources and requires significant capital and permitting work.

Prominence Energy has secured an independent resource framework for its Eyre Project, with RISC Advisory estimating 202.8 Bscf of 2U unrisked hydrogen and 9.2 Bscf of helium across 15 leads. The milestone moves the South Australian project towards target selection, potential farm-out discussions and a planned mid-2027 drilling campaign, but the volumes remain undiscovered and highly exploratory.

Catalyst Metals has increased the Trident underground Ore Reserve by 32% to 524,000 ounces, supporting a planned mine life of more than 10 years. The result strengthens the company’s ambition to build a 2Moz Reserve base across the Plutonic Belt, although further growth depends on drilling and mine execution.

Conrad Asia Energy has completed the sale of a 75% non-operated interest in the Duyung PSC, triggering a US$4 million payment from PT Nations Natuna Barat. The company says the transaction leaves it with a 22.875% operated interest and fully funds the US$320 million Mako gas development.

Catalyst Metals has lifted the Keillor gold Resource from 81koz to 307koz after a major drilling campaign, while the operating mine ramps up near the Plutonic processing plant. The company expects an Ore Reserve update to extend Keillor’s initial three-year mine life.