Latest Reserves And Resources News

Aeris Resources delivered a standout FY26 with a 78% EBITDA surge to $285 million, boosted by strong copper and gold production and a major expansion of its Tritton Ore Reserves. The company also completed its Peel Mining acquisition and kicked off early works at the Constellation Project.

Aurum Resources has delivered a robust Pre-Feasibility Study and maiden Ore Reserve for its Boundiali Gold Project in Côte d’Ivoire, confirming a large-scale, economically compelling gold development targeting first production in early 2028.

Conrad Asia Energy has locked in over 90% of its US$320 million Mako Gas Project contracts, maintaining its timeline for first gas in late 2027 while restructuring leadership and progressing Aceh PSC assets.

Meteoric Resources has significantly boosted its Caldeira Rare Earth Project with a 246% increase in Measured Resources and pilot plant recoveries surpassing pre-feasibility targets, backed by a $40 million capital raise and advancing environmental approvals.

Nelson Resources has kicked off underground drilling at its high-grade Orleans Mine while advancing rehabilitation at Great Western Mine and securing a strategic tungsten property adjacent to a major US project. Exploration spending reached $794k, supported by a $2.1 million cash buffer.

Po Valley Energy has lodged a crucial Environmental Impact Assessment for a four-well gas drilling program at its Selva Malvezzi concession in Northern Italy, aiming to boost production and support regional energy needs.

Lunnon Metals reported its best month yet at Lady Herial with 2,865 ounces of gold produced in May 2026, generating $10.8 million in revenue and enabling early repayment of a $6 million working capital loan. Mining remains on schedule to complete by September, with strong cash reserves set to fund further exploration.

Strike Energy’s Walyering West-1 well delivered a stabilised gas flow of 11 MMscf/d from the C1 sand, confirming a clean, condensate-rich gas accumulation near existing infrastructure in the Perth Basin.

Strata Investment Holdings has dismissed a cash acquisition proposal from Freedom BidCo, citing undervaluation, even as it raises A$8 million to fund strategic investments and litigation.

PMET Resources has identified a promising pathway to refine spodumene concentrate into battery-grade lithium carbonate directly at its Shaakichiuwaanaan site in Quebec, using Primero’s ALi® atmospheric leach process. Bench-scale tests produced 99.8% pure lithium carbonate, suggesting potential logistics and carbon footprint advantages.

Vault Minerals is on track to meet FY26 production targets with a strong focus on expanding its King of the Hills operation and progressing a merger with Regis Resources, positioning itself as a senior gold producer.

Astron Limited’s updated economic study for Phase 2 of its Donald Rare Earth and Mineral Sands Project reveals a $1.5 billion incremental pre-tax NPV8 and a mine life extended to 52 years, doubling ore throughput and reinforcing the project’s long-term strategic value.