Latest Reserves News

Carnaby Resources has made significant strides at its Greater Duchess Copper Gold Project, delivering a robust Pre-Feasibility Study and consolidating ownership, before agreeing to a $213 million acquisition by Evolution Mining offering shareholders a 60% premium.

Wilson Asset Management declared a 15.5 cents per share dividend for FY2026 despite a 10.5% portfolio loss, setting a cautious 8.0 cents dividend target for FY2027 amid macroeconomic headwinds.

True North Copper is expanding its Mt Oxide copper district with the Aquila-Chidna discovery now stretching over 2.3km, while progressing a prefeasibility study at Cloncurry due late 2026.

Unith Ltd has closed its 1-for-7 entitlement offer, raising $295,725 from a partial take-up, leaving a significant shortfall that the company plans to place within three months.

Bass Oil’s Bunian 6 well in Indonesia has uncovered a previously untested third oil pay zone, set to triple production and boost field reserves potential.

PTR Minerals’ preliminary mine optimisation study for the Rosewood Titanium Project highlights the potential to tap exceptionally high-grade zones early in production, boosting cashflow and reducing upfront costs. Metallurgical tests suggest simpler, lower-cost processing options could yield high-quality titanium products.

Vanadium Resources (ASX: VR8) has locked in a right of first refusal and exclusivity option over a prime brownfield site in South Africa’s Highveld Industrial Park for its planned V-Iron Plant, reinforcing its path towards feasibility and financing.

MaxiPARTS has received a $2.50 per share indicative cash offer from Ares Management Asia, representing a substantial premium and triggering a four-week exclusivity period for due diligence. Concurrently, MaxiPARTS is acquiring Air Brake Systems for $11.2 million, a move expected to boost earnings and expand its product range.

Floorscape Limited has presented Bremworth Limited with a revised full takeover offer at $0.95 per share, surpassing Mangawhai Collective's partial bid. Bremworth's board is weighing shareholder feedback before deciding on the next steps.

Noronex Limited has kicked off its first modern exploration program at the Sleitat Tin Project in Alaska, deploying detailed geophysical surveys and fieldwork to refine targets ahead of a planned 2027 drilling campaign.

TMK Energy’s Gurvantes XXXV Pilot Well Project saw a 4% increase in average daily gas production in August 2026, reaching approximately 28,600 scfd. The company has signed a drilling contract with Major Drilling to kick off a 2026 drilling and well re-completion campaign, while its Gas to Power Project nears operational readiness.

EcoGraf Limited (ASX:EGR) is raising approximately AUD 2 million through an underwritten Share Purchase Plan (SPP) offering new shares at a 20% discount. The funds will support key project financing and expansion activities at its Epanko Graphite Project and related operations.