Bayan’s US Exploration Push Faces Critical Test Ahead of 2026 Drilling Campaigns
Bayan Mining and Minerals Limited has secured exclusive rights to advanced rare earth processing technologies and made significant progress on its US exploration projects, setting the stage for maiden drilling in 2026.
- Exclusive worldwide licence for four patented rare earth processing technologies
- Plan of Operations approved for Desert Star Project in California
- High-confidence drill targets defined by integrated geophysical surveys
- Notice of Intent submitted for maiden drilling at Bayan Springs South, Nevada
- Board strengthened with appointment of Major General (Ret.) Kimberly M. Colloton
Technological Edge Secured
Bayan Mining and Minerals Limited (ASX – BMM) has taken a decisive step forward by securing an exclusive worldwide licence from the Colorado School of Mines for four patented rare earth processing technologies. These patents cover advanced beneficiation, leaching, and resin-based separation methods, developed and tested on ore from the Mountain Pass deposit in California. This technological acquisition positions Bayan at the forefront of rare earth processing innovation in the US, potentially enabling more efficient extraction and higher recovery rates from its Desert Star Project and similar deposits.
Exploration Advances at Desert Star
In California, Bayan’s Desert Star and Desert Star North Projects have benefited from comprehensive ground gravity, magnetic, and radiometric surveys. These integrated datasets have established a coherent targeting framework, identifying multiple high-priority rare earth element (REE) targets. The US Bureau of Land Management’s approval of the Desert Star Plan of Operations marks a critical milestone, allowing the company to progress towards drilling. The geophysical data suggest a fenite-style REE system controlled by structural corridors, with detailed 3D modelling underway to refine drill plans.
Bayan Springs Project Poised for Drilling
Meanwhile, in Nevada, Bayan Springs South has revealed a large-scale Carlin-style alteration system through high-quality Controlled-Source Audio-frequency Magnetotellurics (CSAMT) surveys. This breakthrough has transformed the project from a surface anomaly into a well-defined target with multiple drill-ready feeder zones. The company has submitted a Notice of Intent to the U.S. Forest Service for its planned Phase 1 drilling program, aiming to test these promising structures. The proximity to significant gold operations such as Kinross Gold’s Bald Mountain mine adds further strategic value.
Corporate Strengthening and Financial Position
Bayan has bolstered its leadership team with the appointment of Major General (Ret.) Kimberly M. Colloton as a Non-Executive Director, bringing extensive experience in US infrastructure and government engagement. Additionally, Nathan Kong has been appointed CEO, effective late January 2026. Financially, the company completed an oversubscribed Loyalty Option Offer and raised funds through option conversions, maintaining a solid cash position of $2.79 million at quarter’s end. Exploration expenditure for the quarter was $277,000, reflecting active fieldwork and survey programs.
Looking Ahead
Bayan is preparing for maiden drilling campaigns at both Desert Star and Bayan Springs projects in 2026, supported by robust geophysical frameworks and regulatory approvals. The integration of patented processing technologies with exploration success could enhance project economics and accelerate development timelines. However, as with all early-stage exploration, the company cautions that geological similarities to nearby deposits do not guarantee similar outcomes. Market watchers will be keenly observing upcoming drill results and assay data to assess the true potential of these ventures.
Bottom Line?
Bayan Mining’s blend of cutting-edge technology and strategic US project advancement sets a promising stage, but the real test lies in the drill results to come.
Questions in the middle?
- How will the patented processing technologies impact the economics of Bayan’s rare earth projects?
- What are the timelines and expected costs for the upcoming drilling programs at Desert Star and Bayan Springs?
- How might Major General Colloton’s expertise influence Bayan’s regulatory and operational strategy in the US?
