Rincon Resources Limited has responded to an ASX query about recent unusual trading activity, confirming no undisclosed information but pointing to imminent drilling and assay results as possible drivers.
- No undisclosed material information identified by Rincon Resources
- Upcoming drilling at Telfer South Gold Project scheduled for 18 September 2025
- Pending assay results from Laverton Gold Project expected around 9 October 2025
- Company confirms compliance with ASX continuous disclosure rules
- ASX inquiry triggered by recent price and volume surge in RCR securities
ASX Inquiry Sparks Market Attention
Rincon Resources Limited (ASX, RCR) recently found itself under the spotlight following a notable surge in its share price and trading volume. The Australian Securities Exchange (ASX) issued a formal price and volume query to the company, seeking clarity on whether any undisclosed information might explain the market activity.
Company Response, No Undisclosed Information
Operational Updates as Possible Market Drivers
While denying any undisclosed news, Rincon pointed to recent and upcoming operational developments that could have influenced investor interest. Notably, the company announced on 1 September that drilling at its Telfer South Gold Project is slated to commence on 18 September 2025. This project, located near the Greatland Gold Telfer Gold Mine, aims to expand on a recently reported mineral resource estimate of approximately 870,000 tonnes grading 0.96 grams per tonne gold.
Additionally, Rincon highlighted the completion of drilling at its Laverton Gold Project on 26 July 2025, with assay samples submitted to accredited laboratories over the subsequent weeks. The company expects assay results to be released around 9 October 2025. These results are highly anticipated as they could materially impact the company’s resource profile and market valuation.
Robust Disclosure and Data Integrity Protocols
Rincon underscored its rigorous quality assurance and chain of custody procedures for sample handling, ensuring assay data confidentiality until formal release. The company’s protocols include restricted access to raw data and confidentiality agreements with laboratories, reflecting a strong commitment to transparency and regulatory compliance.
Market Implications and Next Steps
The ASX’s query and Rincon’s detailed response provide reassurance about the company’s compliance with disclosure requirements amid heightened market activity. However, the market will likely remain attentive to the forthcoming drilling progress and assay results, which hold the potential to significantly influence Rincon’s share price trajectory.
Bottom Line?
Investors will be watching closely as Rincon’s upcoming drilling and assay results promise to shape the next phase of its exploration story.
Questions in the middle?
- Will the upcoming assay results from Laverton confirm significant resource upgrades?
- How might the commencement of drilling at Telfer South impact Rincon’s valuation?
- Could further market volatility arise ahead of formal announcements?