Latest Reserves News

Novatti’s AU/NZ quarterly transaction value rose to $1.2 billion, but regulatory disruption to international BPAY payments pushed revenue lower and left Cash EBITDA negative. The company is targeting an early 2027 relaunch while relying on pipeline conversion and product mix improvements to support its next phase of growth.

Blue Energy is positioning its Queensland gas portfolio for potential demand from LNG exporters under proposed federal reservation rules, while seeking a farm-in partner for ATP 854. The company ended September with A$3.2 million in unaudited cash, no debt and a more cautious approach to Sapphire spending.

Quantum Graphite has taken Uley 2 FEED work to 80% completion while finalising its Oman refinery plans and revised financing structure. The progress comes alongside A$1.272 million of quarterly operating and investing outflows, just A$50,000 of reported quarter-end cash and estimated funding of 1.33 quarters.

Investigator Silver has lodged the Mining Lease Application for its Paris Silver Project and begun a fully funded 30,000 metre drilling campaign. High-grade results beyond the existing mine plan and $55.1 million in cash give the company room to push resource growth and development work in parallel.

True North Copper has extended Mt Oxide’s exploration story and lifted Cloncurry’s contained resource to 204kt CuEq, while an $18.75 million equity raise helps fund its next phase. The quarter also highlights the company’s continuing dependence on capital markets, with reported cash covering less than two quarters of current outgoings.

Helia’s nine-month statutory profit fell to $136.5 million as weaker lending, the loss of its CBA contract and softer housing conditions reduced revenue. Claims remain low and capital coverage strengthened, allowing the mortgage insurer to retain its FY26 guidance.

Cavalier Resources has moved its Crawford Gold Project from permitting into execution, with primary mining approvals secured and site preparation underway. The next test is funding: the proposed A$23 million package remains under negotiation while the company holds A$2.694 million in cash.

Metals Australia has advanced feasibility, permitting and funding work at its Lac Carheil graphite project while establishing a 45.7Mt Manindi VTM resource. The progress sits alongside a modest A$2.575 million cash balance and no disclosed financing facilities.

Heavy Minerals has delivered a maiden Ore Reserve and a A$322.8 million post-tax NPV for Port Gregory, while Kanmantoo engineering advances toward a Final Investment Decision. The projects now have more defined technical foundations, but the company’s cash position and non-binding funding discussions leave execution as the central question.

Vanadium Resources has entered the next phase of its V-Iron strategy after a preliminary study outlined a US$842 million post-tax NPV and 36% IRR. The figures are encouraging, but the project now faces its more consequential tests: funding, binding offtake, permitting and a definitive feasibility study.

Kalamazoo Resources has reported a strong quarter at Ashburton, where high-grade Mt Olympus drilling is feeding an updated resource and pre-feasibility study. The company also secured A$18 million in placements, although its September cash balance was just A$670,000 before the post-quarter raise.

Zeus Resources has moved Diaguili from acquisition target to drill campaign, securing a 51% interest and defining a 1.7km untested conductor in southern Mauritania. The company will start a 1,200m diamond programme in November, while historical drilling results remain unverified and the project permit approaches renewal.