Latest Reserves News

Southern Palladium’s Bengwenyama project has emerged from its latest study with a sharply higher forecast value, a 30-year mining right and a much larger chrome contribution. The development case is stronger, but the project still requires permits, external funding and further technical confirmation.

Brookside Energy has established first sales from its Sabres and Whalers wells at the Suttles Pad in Oklahoma, lifting its operated SWISH Play producing well count to 11. Production remains in early flowback, with representative output rates still to come.

SiteMinder is targeting mid-20s annual recurring revenue growth through FY30 and an adjusted EBITDA margin in the mid-20s, as it positions its hotel commerce platform for an AI-led shift in bookings and revenue management. The company entered that plan after FY26 revenue reached A$266 million and adjusted EBITDA margin rose to 10.6%.

Talga has signed a binding term sheet with Japan’s Dainen Materials to reserve up to 2,000 tonnes a year of Talnode-C anode material for five years from late 2027. The agreement advances Talga’s commercialisation, but final purchase volumes and a definitive supply contract remain outstanding.

Lunnon Metals has completed its first open pit broadly in line with feasibility expectations, lifting cash to $43 million and generating about $39 million in pre-tax free cash flow. The ASX-listed miner now faces a more speculative phase as it spends $13 million testing gold targets and weighs a possible return to nickel.

Forrestania Resources has completed its Edna May acquisition, raised approximately $310 million and secured a 62.04% relevant interest in Zenith Minerals. The company is now moving from development toward first processing at Edna May in the December quarter, while Lake Johnston refurbishment continues.

West African Resources delivered record quarterly gold production of 127,950 ounces and generated A$458.2 million in operating cash flow, lifting cash to A$1.195 billion. The strong quarter keeps 2026 production guidance within reach, while Kiaka’s explosives constraint and a pending ownership transaction remain key execution issues.

Vault Minerals delivered record FY2026 earnings, generated A$887.9 million in operating cash flow and ended the year debt-free before agreeing to combine with Genesis Minerals. The company now enters FY2027 fully exposed to spot gold prices, with its Leonora expansion and merger vote setting the next major tests.

Norfolk Metals ended FY2026 with a sharply higher loss, just A$807,974 in cash and a material uncertainty over its ability to continue as a going concern. Its proposed Chilean copper expansion now depends on a minimum A$75 million capital raising, ASX re-compliance and completion of the Ciclón and Condor transactions.

Raiden Resources has resubmitted the environmental documentation needed to support a permit re-issue for its Crixás gold tailings project in Brazil. The company says approval would allow it to begin evaluating drilling, metallurgy and a potential near-term production pathway, although the project still has no JORC-compliant resource or reserve.

Encounter Resources has grown its Aileron niobium resource by 54% to 120 million tonnes while moving the West Arunta project into mining lease, metallurgical and development work. The company also ended FY2026 with $26.9 million in cash and term deposits, but still has no Ore Reserves or operating revenue base.

Atlantic Lithium has received FIRB approval for Zhejiang Huayou Cobalt’s proposed A$292 million takeover, while Huayou has completed the transfer of Elevra’s Ghana project rights and agreed to fund up to US$66 million of remaining development obligations. The scheme still requires shareholder and court approval, with the first hearing scheduled for 5 November.