Latest Reserves News

High-Tech Metals has signed a binding agreement that could allow up to 400,000 tonnes of Mt Fisher ore to be processed through Forrestania Resources’ nominated facility over 24 months. The deal creates a potential route to monetisation, but mining remains unapproved and the tonnage is a contractual ceiling rather than a production forecast.

Meeka Metals increased September-quarter gold production to 7,237oz while generating A$13.5 million in mine operating cash flow and ending the period with A$51.2 million in cash. The company is now moving from open-pit mining towards a two-underground-mine operation, with first ore from Fairway targeted for January 2027.

Pantera Minerals has finished its first modern drilling campaign at the Gillham antimony-silver project and completed a 470km² Western Australian gold acquisition. The results pipeline is building, but cash of A$1.615 million gives the explorer less than two quarters of funding on its reported quarterly run-rate.

MGX Resources has moved from planning to construction at its Central Tanami gold project while completing its final Koolan Island iron ore shipments. The company ended the September quarter with $408.7 million in cash and investments, but key value milestones now depend on drilling, approvals and the Crestlink sale settling.

High-Tech Metals has entered the December quarter with a 47% increase in the Mt Fisher Mineral Resource, $8.9 million in cash and a Wagtail development study approaching completion. The company now faces the harder test of converting resource growth into a credible production pathway.

Octava Minerals is pursuing a staged Argentine fluorspar option while its auditor flags material uncertainty over the explorer’s ability to continue as a going concern. The company ended September with A$322,000 in cash and is relying on shareholder-backed funding to advance both the new project and its Byro critical minerals target.

Matsa Resources has reported a $39.4 million FY2026 loss, negative net assets and a $28 million operating cash outflow after Devon operated at a loss and was suspended following a contractor dispute. A $55 million AngloGold tenement sale offers a potential liquidity reset, but the annual report says material uncertainty remains over the group's ability to continue as a going concern.

Chilwa Minerals has expanded its Chilwa project’s heavy mineral sands resource by 56% and added niobium and rare earths to the story. But the annual report also records a larger loss, limited year-end cash and an auditor warning over going concern, despite a subsequent US$3.5 million Nasdaq raising.

Lion Energy has completed the sale of its Seram Non-Bula interest and is preparing to spud the 12 million barrel Bula Karang-1 prospect in November. The stronger cash position comes with a near-term financing question: its fully drawn A$1.6 million convertible note matures at the end of December.

Turnstone Resources has completed portfolio-wide magnetic surveys in Sweden and begun reviewing strategic options for its German potash assets, while its September cash balance covered less than one quarter of reported outgoings. The ASX-listed explorer also secured A$1.1 million in placement commitments and expects lower corporate costs ahead.

European Lithium has confirmed that each eligible EUR option will convert into 0.0353158621 new Critical Metals shares under the now-effective acquisition scheme. Holders of 991 or fewer options will instead receive cash from the sale of their entitlement.

Mithril Silver and Gold (ASX:MTH) has identified Target 4 at Copalquin as a potential second resource area after drilling returned wide, high-grade silver-gold intercepts across a 550-metre strike. The company has also started a preliminary economic assessment for Target 1, but its A$4.1 million cash balance leaves limited room before further funding may be needed.