Latest Resources And Reserves News

Elixir Energy has commenced drilling at the Lorelle-3 appraisal well in Queensland’s Taroom Trough, targeting significant gas resources with plans for advanced testing by mid-2026.

Ballard Mining Limited has launched a A$50 million placement to fund extensive drilling and early works at its fully permitted Baldock gold project in Western Australia, aiming for a maiden ore reserve and a final investment decision in 2026.

Catalyst Metals has confirmed a new high-grade gold zone beneath the Cinnamon open pit resource, potentially adding a sixth underground ore source to its Plutonic Gold Belt operations and supporting its ambitious production growth plans.

Boab Metals is set to accelerate construction at its fully funded Sorby Hills Silver-Lead Project in 2026, capitalising on silver prices currently three times higher than previous assumptions. The company aims for first concentrate production by mid-2027, supported by strategic drilling and corporate milestones.

New Murchison Gold Limited reports significant high-grade gold intercepts from recent drilling at its Lydia Gold Prospect, expanding mineralisation near its flagship Crown Prince Gold Mine. The results pave the way for resource upgrades and potential rapid development leveraging existing infrastructure.

Larvotto Resources has reported multiple high-grade gold, antimony, and tungsten intercepts from diamond drilling at its Metz Mining Centre, reinforcing the potential for a significant resource upgrade later this year.

Beacon Minerals has reported robust assay results from 104 reverse circulation drill holes at its Iguana Deposit, confirming strong high-grade gold mineralisation at depth and reinforcing confidence in its geological model.

Elixir Energy has begun mobilising a drilling rig for the Lorelle-3 appraisal well in Queensland’s Taroom Trough, aiming to unlock commercial gas flows by mid-2026.

Hillgrove Resources has released final assay results from its Emily Star drilling program, confirming significant high-grade copper-gold mineralisation that supports plans to expand mining operations at Kanmantoo.

Dundas Minerals has secured an 80% stake in the Romano Project, an 800 km² gold exploration package adjacent to the Gruyere mine in Western Australia, unlocking new potential in a historically underexplored region.

Saturn Metals has released a positive Pre-Feasibility Study for its Apollo Hill Gold Project, outlining a 14-year open pit mine with a maiden Ore Reserve of 1.59 million ounces and strong financial returns. The study supports a move to Definitive Feasibility Study with full funding secured through that phase.

New Murchison Gold Limited has released its 2025 Mineral Resources and Ore Reserves update for the Crown Prince Gold Mine, reflecting initial mining depletion and confirming the project’s economic viability. The company is now focusing on underground potential and near-mine exploration.