Latest Reserves News

Great Divide Mining has consolidated and restated a high-grade gold resource at its Adelong Project, confirming 169,700 ounces of contained gold with over half classified as Measured or Indicated.

Cadence Opportunities Fund Limited (ASX: CDO) has launched a Share Purchase Plan allowing eligible shareholders to buy up to $30,000 of shares at $2.21 each, a 3.5% discount to the closing price on 28 August 2026. Participants will receive upcoming fully franked dividends, with the offer closing on 17 September.

Fenix Resources has announced a maiden Ore Reserve of 26.9 million tonnes at 60.0% iron for its Beebyn Hub, combining the updated Beebyn-W11 and new Beebyn-W10 Stage 1 mines. This reserve underpins the company’s plan to ramp production to 6 million tonnes per annum by FY28 and secures over five years of mine life at current rates.

Vault Minerals has reported a 9% increase in its 2026 Ore Reserves to 3.9 million ounces of gold, driven by notable gains at its Leonora and Deflector operations, underpinning a robust production outlook through FY29.

Maritana Minerals is intensifying drilling across its Western Australian projects, aiming to upgrade resources and support a mid-2027 mining restart at Boorara and first gold processing at the Black Swan Processing Hub.

4DS Memory Limited is raising nearly $3 million through a pro-rata entitlement issue as part of a broader $5 million capital raise to acquire AI software firm Jenesys and integrate it with its ReRAM technology.

Argosy Minerals has raised $3 million through a placement at a 19% discount, with an additional $500,000 sought via a Share Purchase Plan to fund its 12ktpa Rincon Lithium Project development.

Andean Silver has raised A$40 million through a discounted placement to accelerate production restart plans and resource growth at its Cerro Bayo silver-gold project in Chile, underpinning its push toward feasibility studies and early works.

Kantra Copper (ASX:KAN) showcased a robust growth strategy at the Copper to the World Conference, spotlighting its Kanmantoo mine extension, Emily Star development, and advancing exploration projects. The company maintains strong production guidance and financial health amid a tightening copper market.

Elixir Energy has made significant progress on the Warkon Pilot in Queensland’s Taroom Trough, completing key feasibility studies for pipeline infrastructure and upstream plant design that position the project for commercial gas production.

Catalyst Metals' latest infill drilling at the Cinnamon gold deposit delivers thick, high-grade intercepts, underpinning plans for bulk underground mining and supporting an imminent Resource and Reserve update.

Valiant Gold is fast-tracking the restart of its Comet Gold Mine in Western Australia, securing major infrastructure contracts and advancing technical studies to target production resumption by Q2 FY27.