Latest Reserves News

Grange Resources has approved the Savage River North Pit Underground Project, targeting underground development from Q1 2027 and production continuity to 2035. The decision arrived alongside stronger September-quarter production, sales, realised pricing and cash reserves.

La Trobe Financial’s 12-trust annual report shows continued expansion in its residential mortgage-backed securities platform, with cumulative losses of 0.03% of original issuance since 2014. The group also completed a further $1.25 billion RMBS transaction after year-end, while liquidity usage and newer loan pools remain key areas to monitor.

Aurum Resources has expanded its Boundiali Mineral Resource by 19% to 3.84Moz, with Indicated Resources rising 37% to 2.33Moz after infill drilling. The Ore Reserve remains unchanged for now, leaving the late-2026 DFS and mining licence approvals as the next major tests.

Bubalus Resources has secured firm commitments for a $3.0 million placement to fund the proposed Skyline Copper-Gold Project acquisition, initial exploration and working capital. The transaction remains conditional, with a substantial portion of the placement and the acquisition still requiring shareholder approval.

Pilbara Gold’s latest drilling has extended broad gold mineralisation as much as 200 metres below parts of its 2.1Moz Mt York resource, strengthening the case for an updated estimate ahead of a prefeasibility study. Roe Hills has also produced wide, high-grade hits, but both growth stories still depend on further drilling, assays and resource modelling.

WhiteRock Lithium has confirmed broad, high-grade lithium mineralisation in the first 17 holes from its completed Spodumene Mountain drilling program, extending the interpreted pegmatite system to about 1.4km. The results strengthen the case for a maiden Mineral Resource Estimate, but further assays and geological modelling are still required.

Saturn Metals has secured the key mining lease for its 2.83Moz Apollo Hill project, lodged its environmental review and kept its definitive feasibility study on track for the December quarter. The company ended September with $110.7 million in cash, although a further $39.79 million placement tranche remains subject to FIRB approval.

Conrad Asia Energy has moved the US$320 million Mako gas project into full-scale fabrication after completing its 75% farm-down to Nations and securing a domestic gas sales route into Batam. The project remains fully funded, with first gas targeted for the fourth quarter of 2027, although Conrad’s cash position remains modest and further carry-loan drawdowns are expected.

Barton Gold has more than doubled the reported Challenger underground resource to 230koz of gold at 3.65 g/t, lifting its combined Challenger and Tarcoola resource base to about 400koz. The upgrade strengthens the case for a restart built around the permitted Central Gawler Mill, although most of the new underground ounces remain Inferred and are not Ore Reserves.

Rumble Resources has outlined a preliminary A$86 million pre-tax NPV for Western Queen, with a 45% IRR and almost four years of planned underground production. The study also leaves room for tungsten upside, but financing, approvals and a feasibility study remain unresolved.

88 Energy has secured Westlawn Americas Offshore as a 40% partner in its South Prudhoe Project, bringing up to A$15.5 million towards the Augusta-1 well and related work. The deal reduces the company’s near-term funding burden while leaving it with a 60% interest and operatorship.

Fortuna Metals has completed deeper drilling beneath its large inferred Mkanda rutile-graphite resource, returning broad mineralised intersections and a peak rutile grade of 3.43%. The company ended September with A$11.43 million in cash as it moves towards further resource definition and technical studies.