Latest Resources And Reserves News

Global Lithium Resources has secured critical environmental and water permits for its Manna Lithium Project, clearing the way for early works and construction. These approvals align with the company’s aggressive schedule targeting first ore shipment in mid-2027.

Maritana Minerals (ASX:MRT) has reported a 6.3% rise in gold Mineral Resources to 1.86 million ounces and a striking 148% increase in Ore Reserves to 204,100 ounces for FY2026, driven by maiden Ore Reserves at Crake and Kalpini and updates at Boorara.

Westgold Resources reports a 41% jump in gold Ore Reserves to 4.1 million ounces with a 15% grade uplift, achieved at a notably low reserve addition cost of $27 per ounce. The company plans to invest up to $75 million in exploration drilling in FY27 to sustain this growth trajectory.

Australis Oil & Gas Ltd posted a $2.6 million net loss for 1H 2026 amid sharply reduced production volumes but is progressing its Tuscaloosa Marine Shale development with a key partner and a planned Q4 well spud.

Equus Energy's Pre-FEED study confirms a robust, phased development plan for its Equus Gas Project, targeting LNG, domestic gas, and condensate production with strong economic returns.

QMines Limited reported standout copper and gold assay results from two diamond drill holes at Mt Chalmers, surpassing existing resource grades and fueling ongoing feasibility and metallurgical work.

Westgold Resources has declared a maiden Ore Reserve of 1.1 million ounces at its Fletcher deposit, marking a significant 30% increase in total Mineral Resources at Beta Hunt and advancing plans for a 4Mtpa processing expansion.

Astral Resources has uncovered significant deep gold mineralisation beyond the current resource at its Mandilla Project, with broad high-grade zones in newly completed diamond drill holes. The expanded drilling program highlights Theia’s growth potential and sets the stage for upcoming feasibility and exploration activities.

New Hope Group exceeded its FY26 coal production and sales guidance, driven by strong performances at Bengalla and New Acland mines, alongside a notable price uplift amid global supply tightness.

Liberty Metals has locked in a four-year option to acquire a dominant 180km2 land package in Guyana’s rapidly consolidating Oko gold district, backed by a A$5 million placement to fund exploration.

Orezone Gold Corporation’s latest drilling at Bomboré reveals significant extensions and high-grade zones, setting the stage for a material resource and reserve upgrade expected in early 2027.

Horizon Oil's 2026 reserves statement reveals a 51% jump in net 2P reserves to 13.6 million barrels of oil equivalent, driven by strategic acquisitions and record production.