Latest Reserves News

Atomic Eagle’s largest shareholder has irrevocably committed to exercise 35.1 million options, giving the uranium developer a potential $10.9 million cash injection before the options expire. The company says the proceeds could fund its Zambia and Niger growth strategy through 2028 without near-term equity financing.

Critica has restated its 100%-owned Mt Lindsay project under JORC 2012, defining 19 million tonnes at 1.09% SnEQ and containing about 49,000 tonnes of tin and 28,000 tonnes of tungsten. The estimate gives the Tasmanian project a current resource base, but it remains a mix of Indicated and Inferred material rather than an Ore Reserve.

PLC Resources has started an approximately 2,400-metre RC drilling program at Rochefort, testing whether early gold anomalism marks the edge of a larger system. The eight-hole campaign is expected to produce first assays in four to six weeks, but the company cautions that its larger-system interpretation remains conceptual.

Alcoa has filed South32’s meeting materials ahead of a shareholder vote on the proposed sale of bauxite, alumina and aluminium interests. The transaction remains subject to shareholder approval, regulatory clearance, financing and other closing conditions.

Rox Resources has reported multiple high-grade underground gold intercepts at Youanmi’s United North area, including 10.30m at 12.46g/t. Ore drives on two levels have also extended about 125m beyond the existing DFS mine plan, with production stoping preparations now underway.

HiTech Group Australia has completed its acquisition of selected Hudson Global Resources assets, expanding its workforce solutions platform across five Australian jurisdictions. The deal lowers the upfront price but leaves some customer, government panel and contractor novations unfinished during the transition.

Pan African Resources has completed a definitive feasibility study for a ZAR3.68 billion Soweto tailings project with a projected 29.55% real ungeared IRR. The proposed operation could add up to 40,000 ounces of annual gold production, but financing, permits and board approval remain ahead of a targeted December 2026 investment decision.

Atlantic Lithium has reported a year of major progress at its Ewoyaa lithium project, including Ghanaian parliamentary approval of its mining lease and a proposed US$210 million takeover by Zhejiang Huayou Cobalt. But the audited accounts also flag material uncertainty over funding if the scheme does not proceed.

Gorilla Gold Mines has lifted its reported Mineral Resource to approximately 2.0Moz of gold after a year of intensive Western Australian drilling. The gain comes with strong exploration momentum, but the company remains pre-revenue and expects to seek further funding.

Ariana Resources has re-released its Dokwe drilling update after adding JORC disclosures, leaving the underlying results unchanged. The announcement reports broad gold intercepts, eight tonnes of samples sent to China for feasibility-level metallurgical testing and further work aimed at advancing the Zimbabwe project’s DFS.

BMC Minerals has moved the Kudz Ze Kayah project through a key regulatory gateway and reported high-grade drilling beyond the current reserve, but its first full year as an ASX-listed company also exposed the funding challenge ahead. The Canadian developer ended FY2026 with US$50.3 million in cash, no revenue and an auditor-highlighted material uncertainty over going concern.

Vanadium Resources has secured an oversubscribed A$1.0 million placement to advance studies, site work, offtake discussions and project financing for its planned V-Iron Plant in South Africa. The raise gives VR8 fresh development capital, but the project still depends on a scoping study, binding commercial agreements and a much larger funding package.