Latest Reserves And Resources News

Bounty Oil & Gas reported a modest $272,000 in oil revenue for Q3 2025, boosted reserves in Queensland, and plans to restart Surat Basin production in 2026 while navigating ongoing legal challenges offshore Sydney.

Pure Resources has completed the acquisition of the Garnet Hills mining lease and confirmed high-grade garnet products through metallurgical testing, positioning itself for feasibility studies and U.S. partnerships.

Kingston Resources Limited reported a robust cash position of A$31 million at the end of September 2025, supported by significant investing inflows and prudent financing activity.

Ramelius Resources has announced a maiden 1.6 million ounce ore reserve at its Never Never underground deposit, alongside plans to expand the Mt Magnet processing plant to 5 million tonnes per annum, underpinning a robust 11-year mine life and strong financial outlook.

Ramelius Resources unveils a fully funded five-year growth plan targeting over 500,000 ounces of gold production annually by FY30, backed by major plant upgrades and strong free cash flow projections.

Bayan Mining has launched a detailed geophysical survey at its Bayan Springs South Project in Nevada, aiming to sharpen drill targets following impressive high-grade gold assays. The survey marks a key step toward unlocking the project's potential within the prolific Carlin Trend.

Australis Oil & Gas reported a modest dip in production volumes for Q3 2025 but offset this with higher realised oil prices and disciplined cost management. The company remains focused on securing a development partner to unlock the full potential of its Tuscaloosa Marine Shale assets.

Winchester Energy has successfully completed drilling the JVU-5 well at its Varn waterflood project in Texas, confirming promising oil and gas shows and setting the stage for production ramp-up.

Alkane Resources reports a total of 1.97 million ounces of gold in Mineral Resources at its Swedish Björkdal operations, with underground mining ongoing and open pit mining paused until 2027. Exploration highlights suggest promising extensions near existing infrastructure.

Alkane Resources reports its inaugural JORC-compliant Mineral Resources and Ore Reserves for the Costerfield Property, highlighting a robust resource base and a mine life extended to 2030. The recent True Blue Deposit discovery further bolsters the project’s potential.

Alkane Resources reports a robust 9.8 million ounce gold resource base in New South Wales as of June 2025, with ongoing underground mining at Tomingley and development progress at Boda-Kaiser.

Winchester Energy has commenced drilling the JVU-5 well in its Varn waterflood project in Texas, marking a key step in unlocking over one million barrels of oil equivalent reserves. The operation underscores the company’s commitment to expanding its US production footprint.