Latest Reserves News

WAM Alternative Assets reported a 9.1% investment portfolio return for FY2026 and maintained a 6.0 cents per share dividend, partially franked at 60%. The alternative-assets vehicle also highlighted 24 exits since Wilson Asset Management took over, completed at a weighted average 28.3% premium to net tangible assets.

H3 Energy says four prospective partners have completed initial evaluations of its Warro gas project and been invited to submit commercial proposals. At Alinya, multiple global energy companies have signed confidentiality agreements and entered the data room, but no binding farm-out deal has yet been secured.

QEM has ranked the Vaught-Peck prospect as the leading target at its newly acquired Garden Valley project in Idaho after reviewing historical records of columbite, samarskite and other rare-metal minerals. The opportunity remains prospective rather than proven, with no modern drilling, assays or resource estimate yet reported.

Kapstream Investment Trust will begin a 12-month on-market buy-back of its fully paid ordinary units, but has not disclosed a target quantity or dollar commitment. The responsible entity can pause or end the programme without notice.

PM Capital Global Opportunities Fund has completed a $172 million share purchase plan, with all valid applications accepted in full. About 56 million new shares will be issued at $3.07 each and qualify for PGF’s upcoming fully franked dividend.

Kingsgate Consolidated has increased Nueva Esperanza’s Ore Reserves by 31% for silver and 37% for gold, extending the assumed reserve life beyond 12 years. The gains are largely driven by higher price assumptions and lower royalties rather than new drilling.

Red Sky Energy has started drilling Yarrow 5 in South Australia, the second well in a three-well development program operated by Santos. The well is expected to reach 2,775 metres by 14 September, with a further re-entry planned before first gas from Yarrow North 1 is targeted for early 2027.

Challenger Gold has set early 2029 as the target for commercial production from a stand-alone heap leach operation at its Hualilán project in Argentina. The roadmap brings engineering, drilling and financing into sharper focus, but still depends on a US$15 million debenture refinancing and a much larger project funding package.

Conrad Asia Energy has completed the sale of a 75% non-operated interest in the Duyung PSC, triggering a US$4 million payment from PT Nations Natuna Barat. The company says the transaction leaves it with a 22.875% operated interest and fully funds the US$320 million Mako gas development.

Amplitude Energy has approved completion of its Juliet-1 exploration well after preliminary testing indicated at least 49 metres of net pay, strong reservoir quality and estimated carbon dioxide below 2 mol%. The well is ahead of schedule and budget, but flow rates, gas composition and recoverable resource estimates remain outstanding.

Ariana Resources has reported broad and high-grade gold intercepts from metallurgical and exploration drilling at its Dokwe project in Zimbabwe. The company has now shipped eight tonnes of samples to China for feasibility-level metallurgical testwork, while further drilling and DFS work remain ahead.

Latitude 66’s KSB project has returned a striking preliminary economic case, with a post-tax NPV8 of US$485 million and an 85% IRR at a US$3,500 per ounce gold price. The opportunity remains unbuilt, unfunded and subject to further study, permitting and a production target containing 10% Inferred Resources.