Latest Reserves News

Centaurus Metals has advanced engineering, infrastructure and financing work at its Jaguar nickel project, while post-quarter offtake and strategic funding deals strengthen the path towards a Final Investment Decision. Its Boi Novo copper-gold project has also produced more than 20 drill-ready targets, but the company remains dependent on completing its debt and broader funding package.

Horizon Gold has reported its strongest Snook drilling results to date alongside resource-growth extensions across nine prospects at Gum Creek. The exploration success comes with A$16.945 million in cash and a major funding requirement still ahead for development.

Victory Metals has put a A$1.21 billion post-tax PFS value on North Stanmore, secured its mining lease and begun product qualification with potential offtake partners. The project remains pre-production, with DFS work, approvals, financing and metallurgical validation still ahead.

Eminence Minerals has expanded into a 1,508 km² Côte d’Ivoire gold portfolio while advancing rare earths exploration in Brazil and awaiting a key Hamersley court decision. The company ended September with A$2.869 million in cash, equivalent to 2.31 quarters of funding at the reported burn rate.

Critica has put a combined after-tax NPV of about A$3.0 billion across its Mt Lindsay and Jupiter projects, but ended September with just A$3.3 million in cash. Both developments remain at scoping-study stage and require substantial funding that has not yet been secured.

Noble Helium has completed the groundwork for its Kinambo drilling campaign in Tanzania, but the program remains paused after wireline contractor SLB was delayed on another project. The company ended September with A$3.905 million in cash, equivalent to an estimated 1.61 quarters of funding at current outgoings, while expanding into Western Australia through the completed Earth Source Hydrogen acquisition.

PTR Minerals has identified potential 15-17% heavy mineral zones for early mining at Rosewood, while testing suggests a high-quality leucoxene product may be produced without dry separation. The project also cleared key water, customer and study milestones, although the work remains preliminary and includes Inferred Resources.

Macallum New Energy has expanded its Perth Basin exploration inventory, secured commitments for an approximately A$3 million placement and begun seeking a partner to help fund up to two wells in late 2027. The immediate constraint is clear: cash stood at A$0.815 million at quarter-end, equivalent to only 0.8 quarters of funding before the raise.

Catalyst Metals has cut FY27 production guidance to 90,000-105,000 ounces after deferring Trident and Old Highway output to FY28. The downgrade comes despite a stronger balance sheet, a 2Moz Plutonic Reserve base and A$40 million of quarterly cash generation.

Golden Globe Resources has reported rock-chip samples grading up to 4.22% copper at the historic Burns Spur mine, while follow-up drilling at Dooloo Creek missed its modelled breccia target. The explorer ended September with approximately A$2.4 million in cash and is awaiting assay results from its Alma Project.

Ceretas has enrolled the first patient in its Phase 2 CERE-CALM Alzheimer’s trial after completing its first quarter as an ASX-listed company. The medical technology group ended September with $7.1 million in cash, while a device milestone unlocked a further $692,578 in non-dilutive funding.

OzAurum Resources has strengthened the technical case for a low-capex heap leach operation at Mulgabbie North, with column testing delivering up to 95% gold recovery. But the project’s next phase is now tied to a capital raise after cash fell to A$542,000, equivalent to just 0.8 quarters of estimated funding.