Latest Reserves News

Estrella Resources has moved its Timor-Leste strategy into a more consequential phase, with maiden drilling approved at the Laleno Dome copper-gold target and high-grade surface results supporting a porphyry interpretation. Manganese export approvals and a major Werumata limestone resource upgrade add near-term catalysts, although cash covered only 1.27 quarters of reported funding.

D3 Energy has expanded its South African acreage and secured Strategic Integrated Project status after drilling two gas-bearing wells at Nooitgedacht. A 5.2% helium sample is encouraging, but production testing, methane retesting and funding remain unresolved.

Dateline Resources has a funded but halted California gold project after a preliminary injunction suspended Colosseum activities, just as the company completed engineering and advanced financing. Its September quarter also delivered rare earth results of up to 7.13% TREO at Music Valley, but cash fell to A$70.2 million and the reported runway was about 4.2 quarters.

RMA Global delivered positive underlying EBITDA of A$0.12 million in the first quarter of FY27, despite weaker customer receipts and revenue. More than A$1.50 million in annualised costs has been removed, but cash of A$1.66 million leaves limited room for execution missteps.

Global Lithium’s September quarter combined a recommended A$333 million cash takeover with a sharply improved development case for its Manna lithium project. The proposed Titan deal remains conditional, while the new study’s strong returns depend on lithium prices, exchange rates and execution.

Dart Mining has begun its first deep drilling campaign at the Walwa tin project while advancing a new Western Australian landholding and a Coonambula resource estimate. The exploration pipeline is expanding, but the company ended September with $273,000 in cash and is relying on a $1.37 million capital-raising tranche subject to shareholder approval.

Finder Energy has secured the principal regulatory approvals for its Timor-Leste oil development and confirmed 22.2 MMstb of gross 2P reserves for the initial three wells. A conditional rig contract and advancing debt process move the project closer to FID, but financing, joint venture approvals and major contracts remain outstanding.

Southern Palladium has secured a 30-year mining right for its Bengwenyama PGM-Chrome Project, while improved metallurgical test work points to a much larger chrome operation than originally envisaged. The company remains pre-production, with its definitive feasibility study pushed into early 2027 and further approvals and funding still required.

Skylark Minerals has more than tripled the Inferred Resource at its Zaranou Gold Project to 1.20 million ounces and agreed to lift its ownership to 90% for US$1.2 million. The stronger project position arrives alongside A$2.3 million in cash and a disclosed 0.9-quarter funding runway, with a proposed capital raising now central to the next drilling campaign.

Transmetro Corporation (ASX:TCO) delivered a 50% increase in FY2026 net profit to A$4.49 million, while cash rose to A$13.94 million and the fully franked dividend increased to 6 cents per share. The debt-free hotel operator is preparing to open Metro Hotel Martin Place Sydney and support a major refurbishment of its 220-room Marlow property.

Norwest Minerals has completed oxide column leach testing at its Bulgera gold project, recording extraction rates of 80% for highly weathered material and 78% for moderately weathered material. The company is now targeting completion of its delayed Scoping Study in November after raising A$1.89 million for development work.

Element 25 has moved its Butcherbird manganese expansion into physical execution, targeting mechanical completion in the first quarter of 2027 while pursuing a much larger battery-materials strategy. The company is also positioning a planned Louisiana HPMSM facility as a US$166 million-supported foothold in non-China supply chains, although financing and permitting remain outstanding.