Latest Ore Reserves News

Vanadium Resources Limited has extended the deadline to finalise pricing terms with China Precious Asia Limited, while progressing mining contractor discussions and pit optimisation at its Steelpoortdrift vanadium project.

Lotus Resources has achieved a pivotal milestone by producing its first yellowcake at the Kayelekera Uranium Mine, marking its emergence as a global uranium producer. The company targets ramping up production to 200,000 pounds per month by early 2026.

Genesis Minerals has more than doubled its FY26 exploration budget to A$40-50 million, driven by promising drilling results at its Leonora and Laverton gold assets. Recent assays reinforce the company’s strategy of organic growth supported by resource expansion near existing processing infrastructure.

Catalyst Metals Limited reported record FY2025 financial results driven by stable operations at the Plutonic Gold Belt and a buoyant gold price environment. The company plans to double annual gold production to 200koz through development of new mines and expanded exploration.

Savannah Goldfields Limited is poised to restart gold production in 2025 at its Georgetown and Agate Creek sites, backed by solid ore reserves and ambitious exploration plans to extend mine life.

New Murchison Gold Limited reveals significant high-grade gold intersections well below the current open pit at its Crown Prince Gold Mine, signaling promising underground mining potential and an extended mine life.

Gold Road Resources reports a robust half-year profit surge driven by higher gold prices and sales, while advancing a proposed acquisition by Gold Fields with a shareholder vote set for September.

Core Lithium Ltd has launched a non-underwritten equity raising to secure approximately A$60 million, aiming to advance its Finniss Lithium Project to a final investment decision. The capital raise includes a two-tranche placement and a share purchase plan, supporting operational readiness and strategic funding efforts.

EQ Resources has successfully commissioned a third XRT ore sorter at its Saloro tungsten operation, increasing sorting capacity by 50% and improving processing efficiency. An updated ore reserve estimate is expected in early Q4 2025, reflecting operational gains and stronger tungsten prices.

Greatland Resources Limited has reported a robust unaudited FY2025 result, generating $337.3 million net profit after tax from seven months of Telfer gold-copper mine operations, alongside a successful ASX listing and strong cash flow.

Lynas Rare Earths reported FY25 results featuring record NdPr output and the first commercial heavy rare earths production outside China, alongside a $750 million equity raise to fund its ambitious Towards 2030 growth strategy.

Lynas Rare Earths reported a 20% revenue increase in FY25 driven by higher NdPr sales, yet net profit fell sharply amid ramp-up costs and market challenges. The company completed key growth projects and unveiled its Towards 2030 strategy focused on downstream expansion.