Latest Reserves News

HealthCo Healthcare & Wellness REIT says lenders have backed the proposed transfer of operations at 10 Healthscope hospitals owned by HCW and its unlisted fund. The transaction remains subject to customary approvals, but Healthscope has paid all rent due through September 2026.

Prominence Energy has secured an independent resource framework for its Eyre Project, with RISC Advisory estimating 202.8 Bscf of 2U unrisked hydrogen and 9.2 Bscf of helium across 15 leads. The milestone moves the South Australian project towards target selection, potential farm-out discussions and a planned mid-2027 drilling campaign, but the volumes remain undiscovered and highly exploratory.

GenusPlus has secured an approximately $160 million contract to deliver balance-of-plant works for a 400 MW / 1.86 GWh battery project at Wodonga, Victoria. Construction is scheduled for completion in late 2028, although the announcement also refers to delivery over the next 18 months.

Cyprium Metals has begun acid commissioning at its Nifty heap leach pads for the first time since 2009, bringing its copper restart into the operational phase. The company now expects first cathode production in the fourth quarter of 2026, subject to energisation, wet commissioning and ramp-up.

Western Gold Resources is pursuing multiple processing alternatives for Gold Duke after Wiluna Mining deferred third-party tolling, while revising the project’s study around a larger resource. The company is also considering corporate opportunities, but no processing agreement, transaction or expanded mine plan has been secured.

TMK Energy says average gas production at its Gurvantes XXXV pilot in Mongolia has risen 11% above August’s daily average, with several wells reaching record rates. The company is now pursuing higher production, a gas-to-power project and regulatory steps to convert its 2C resources into reserves.

Victory Metals has secured a 2,006-hectare mining lease for its North Stanmore heavy rare earths project in Western Australia. The grant removes a key tenure hurdle, but technical studies, approvals, offtake agreements and financing still stand between the project and a development decision.

Sinclair Gold has doubled the JORC Mineral Resource at its Mt Henry project to 1.8 million ounces after just 20,426 metres of drilling. The shallow resource remains open, with five rigs operating and assays pending from 25 holes outside the current estimate.

Falcon Metals has confirmed high-grade gold and visible gold across a 750-metre strike at the Lotus Zone, including intercepts of up to 64.0g/t. The result keeps Blue Moon open to the north, while three diamond rigs continue testing the broader Bendigo-style system.

AuKing Mining has reported wide, high-grade rare earth intersections from maiden RC drilling at its Tundulu project in Malawi, including 91 metres at 1.51% TREO. The results also reveal unusually strong heavy rare earth enrichment and have prompted the company to fast-track a maiden resource estimate targeted before the end of 2026.

Catalyst Metals has increased the Trident underground Ore Reserve by 32% to 524,000 ounces, supporting a planned mine life of more than 10 years. The result strengthens the company’s ambition to build a 2Moz Reserve base across the Plutonic Belt, although further growth depends on drilling and mine execution.

Boab Metals has reported high-grade silver-lead intercepts outside the current Sorby Hills FEED Study pit designs, led by 12.62 metres at 204g/t silver equivalent. The results have pushed the company to extend its growth drilling program as it assesses potential resource, reserve and mine-life additions.