Latest Reserves News

Burley Minerals has confirmed shallow Channel Iron Deposit mineralisation across its Cane Bore North and Step-Out Targets, with assays reaching 52.7% iron. The exploration success comes alongside $725,000 in cash and an estimated 2.04 quarters of funding at current outgoings.

Emerald Resources delivered lower September-quarter production but generated A$112.4 million in pre-tax operating cash flow as its Cambodian mine sold gold at an average US$4,255 an ounce. The company kept FY27 guidance unchanged, advanced construction work at Dingo Range and Memot, and opened a potential US$400 million acquisition funding pathway.

Beacon Minerals delivered a stronger September quarter, producing 6,250 ounces and recording A$21.6 million in net mine cash flow as throughput improved at its Jaurdi mill. The next test is whether the upgraded plant can sustain higher processing rates while the company advances its larger Iguana growth plan.

Botala Energy has achieved continuous gas flow from stimulated well 3.5B at its Serowe coal bed methane project in Botswana. The technical milestone comes with a significant funding constraint: cash stood at A$286,000 at quarter end, before a subsequent A$1.35 million placement and planned share purchase plan.

Strickland Metals has ended the September quarter with a 9.25Moz AuEq resource at its Rogozna project, new geophysical targets in Serbia and A$75.7 million in cash and liquid investments. The next test is execution: drilling did not begin, licence approvals remain pending and a new managing director is yet to be appointed.

St George Mining’s Araxá project advanced on several fronts in the September quarter, with a 155% increase in Measured and Indicated resources, new high-grade drilling and environmental permitting underway. The company ended the period with A$86.2 million in cash, but still has to convert a large Mineral Resource into an economically viable operation.

Blackstone Minerals is moving through the pre-feasibility study for its large Mankayan copper-gold-silver project, with drilling discussions continuing and completion scheduled in FY27. The company ended September with $12.2 million in cash after using $1.6 million during the quarter, while several Vietnam milestones remain subject to government approvals.

Broken Hill Mines delivered its first quarterly silver output above 100,000 ounces as three ore feeds lifted mining and processing at Rasp. The September quarter also brought A$37.6 million in sales, an A$85 million capital raise and fresh high-grade drilling results at Centenary and Pinnacles.

Canterbury Resources has launched a non-underwritten share purchase plan targeting $1 million, with the potential to raise up to $2.5 million for John Hill exploration and working capital. The funding push comes ahead of a planned Mineral Resource Estimate update in early 2027.

xReality Group expanded its Operator XR customer base, recurring revenue and sales pipeline in the first quarter, while securing its first US Marine Corps order after quarter end. But the company remains focused on completing its FY26 audit and reinstating trading, with $1.4 million in quarter-end cash against $4.55 million of secured debt.

Osmond Resources has advanced its Spanish critical minerals project through a maiden resource, a striking but preliminary scoping study and a maximum government grant. Yet with A$3.15 million in cash against a development concept requiring US$299 million, financing remains the project’s defining test.

Silver Mines has entered the final stretch of the Bowdens approval process after reporting a 93.5 million ounce silver reserve, a completed A$26 million royalty consolidation and A$70 million of new funding. The project’s headline 26-year economics remain partly dependent on a Stage 2 design that is not yet at definitive feasibility level.