Latest Reserves News

Avenira has advanced the Wonarah phosphate project towards planned pre-strip work in late 2026 and a first direct shipping ore shipment in the first half of 2027, while securing access to up to A$85 million in post-quarter-end Hebang debt facilities. The timetable remains conditional on approvals, product qualification, pricing, logistics and funding execution.

Hastings Technology Metals has completed its 49% Thai processing plant acquisition and is targeting first mixed rare earth chloride production in the June 2027 quarter. But the company ended September with A$1.85 million in cash, leaving funding the immediate test for both its downstream strategy and Yangibana development.

WA Gold has reported high-grade intercepts from Abercromby, including a narrow peak of 35.21 grams per tonne gold, while launching a 7,200-metre RC campaign aimed at upgrading the project’s resource. Bullabulling has also produced a larger pipeline of exploration targets, but the company had $2.5 million in cash at quarter-end and reported 3.47 quarters of funding at its latest spending rate.

Southern Hemisphere Mining has reported broad copper-equivalent intersections at its Llahuin project in Chile and launched a new 2,000-metre diamond drilling program. The exploration momentum comes with a financing constraint: the company had $466,000 of available funding at quarter-end, equivalent to about 1.02 quarters of reported outgoings.

Frontier Energy has moved its Waroona Renewable Energy Project into construction, while higher capacity credits lift forecast annual revenue, EBITDA and free cash flow. The next major test is financial close on up to $280 million of project debt, expected in November.

Manuka Resources has moved Wonawinta from a five-month recommissioning effort into gold production, with first revenues received after quarter end and full processing capacity reached in October. The operational progress comes alongside A$60.1 million of borrowings, A$581,000 in cash and an Appendix 5B funding estimate of just 0.37 quarters.

Adavale Resources has lifted its Parkes Project gold inventory to 383,300 ounces after completing an 85-hole drill programme and consolidating the London-Victoria to Calarie corridor. The gains come with only A$535,000 in quarter-end cash, although a A$4.65 million placement is now being deployed to fund drilling and a November Scoping Study.

McLaren Minerals has completed its 663-hole McLaren Titanium drilling campaign and reported consistently strong heavy mineral grades. But with A$1.145 million in cash, only 0.8 quarters of funding and a planned equity raise, the next stage comes with a clear financing question.

New Age Exploration has logged more than 100 metres of alteration, veining and sulphides at its Wallah Silver Project, but laboratory assays are still needed to establish whether the zone contains silver mineralisation. At Lammerlaw, a standout gold hole is driving a larger 2027 trenching and drilling campaign while cash of $728,000 covers only 0.87 quarters of reported outgoings.

MC Mining advanced its Makhado hard coking coal project through hot commissioning, but ended September with only US$170,000 of cash and facilities before temporarily suspending all operations. The company is relying on shareholder funding to restart and complete the project ramp-up.

US1 Critical Minerals ended September with A$65,000 in cash against quarterly operating outflows of A$406,000, leaving an estimated 0.16 quarters of funding. Its proposed transfer of six Tanzanian uranium licences could provide US$1 million on completion, but remains subject to regulatory and other conditions.

RTG Mining says its Mabilo copper and gold project is moving towards a Final Investment Decision, with Glencore financing up to US$30 million of Stage 1 development. Permitting remains the critical hold-up, while fresh drilling at Chanach has produced no assays yet.