Latest Reserves Upgrade News

Eastern Gas Corporation Limited, a Pure One subsidiary, has lodged a prospectus to raise $5.5 million to advance exploration and development of its Queensland gas assets, aiming for a standalone ASX listing.

Beacon Minerals Limited reports a substantial 276% increase in gold resources alongside strategic exploration and development plans, setting the stage for extended mine life and shareholder returns.

Regis Resources has significantly increased Ore Reserves at its Buckingham-Wellington pits, extending Duketon North’s mine life and boosting production prospects with minimal new capital investment.

Sarytogan Graphite Limited has reported the last batch of assays from its Reserve definition drilling at the Sarytogan Deposit, confirming thick, high-grade graphite mineralisation that will underpin a resource upgrade and advance its Definitive Feasibility Study.

Echelon Resources reported a solid quarter with production gains at Maari and Mahato fields, supported by new wells and a strategic gas sales agreement, while maintaining shareholder returns through dividends.

Central Petroleum reported a slight dip in sales volumes and revenue for the September quarter, offset by a significant reserves upgrade and a new long-term gas supply agreement that promises cash flow stability.

Perseus Mining reported steady gold production and cashflow growth in Q1 FY26, while progressing key projects including the CMA Underground and Nyanzaga development. The company also completed a CEO transition and renewed its share buyback program.

Canyon Resources confirms the Minim Martap Bauxite Project as a world-class asset with robust economics and begins construction ahead of first shipment in mid-2026.

EQ Resources has announced a significant 39% increase in ore reserves at its Barruecopardo tungsten mine in Spain, extending the mine's operational life to 2034. This update reflects operational improvements and rising tungsten prices amid global supply constraints.

Sunrise Energy Metals has announced a significant 87% increase in the Ore Reserve Estimate for its Syerston Scandium Project, underpinning a 32-year mine life with steady scandium oxide production. The update comes amid tightening Chinese export controls, positioning the project as a critical non-Chinese scandium supply source.

Larvotto Resources reports strong first-pass diamond drilling results at its Blacklode Prospect within the Hillgrove Project, revealing wide zones of high-grade gold and antimony mineralisation. These findings underpin plans for a resource upgrade and signal promising exploration upside near existing infrastructure.

Kinetiko Energy reports sustained strong gas flows from two production wells in South Africa, with high methane content exceeding prior reserve assumptions. These results bolster the economics of its planned micro LNG pilot project.