Latest Reserves Assessment News

Omega Oil and Gas has secured a commanding acreage position in Queensland’s Taroom Trough and fully funded an expanded drilling program to accelerate appraisal and early production.

McLaren Minerals has launched a major drilling campaign at its McLaren Titanium Project, aiming to upgrade resource classifications and expand the deposit ahead of a Bankable Feasibility Study.

TerraCom Limited has extended the life of its Blair Athol Mine to 2033, supported by a robust 2025 JORC Code Resource and Reserve update. This reinforces the mine’s status as a low-cost, long-life asset underpinning stable cash flow and growth potential.

Australis Oil & Gas reported a 3% rise in sales volume for Q4 2024 despite a slight dip in revenue due to lower commodity prices, while actively pursuing partnerships to unlock the full potential of its Tuscaloosa Marine Shale assets.

Metgasco’s Q4 2024 report reveals a striking 105% surge in gas revenue driven by production optimisation at the Odin field, alongside a 45% increase in net proved and probable reserves following an independent assessment.