Latest Altair Minerals (ASX:ALR) News

Altair Minerals finished 2026 with A$33.7 million in cash after major equity raisings, giving it room to pursue a large Greater Oko drilling campaign in Guyana. The balance-sheet improvement came alongside a wider A$4.81 million loss, substantial dilution and an unresolved dispute with BHP over Olympic Domain.

Small-cap resources led the week, while takeover offers and defence contracts added support across the market.
Investors still had to weigh approvals, cash needs and project delivery against strong headline results.

Avenira led the week after securing an offtake deal covering more than 80% of expected Wonarah phosphate output. Copper, gold and rare earths explorers also gained, while several companies raised cash to fund drilling or mine construction.

Altair Minerals has secured an exclusive option over eight permits adjoining its South Oko project in Guyana, adding 29km2 and lifting exposure to the Oko Shear Contact to about 18km of strike. The deal expands exploration optionality, but ownership remains subject to due diligence, staged payments and a future exercise decision.

Exploration results, project funding and takeover activity drove another busy week across Australia’s materials market.
Investors rewarded new production plans and strong drill results, but several small-cap gaps quickly lost ground.

Altair Minerals has kicked off maiden Reverse Circulation drilling at its South Oko and North Peters projects, ramping up to an expected 8,000 metres per month by October 2026. Early trench results at South Oko’s W1 target reveal significant gold mineralisation, setting the stage for a critical exploration phase.

Small-cap resources led the week, with Discovery Alaska rising 90% as it bought a Western Australian gold project. Gold, copper and critical minerals companies also drew strong buying. Large energy names posted solid results, but several shares fell as investors weighed capital needs, project delays and weaker forward guidance.

Altair Minerals has confirmed a widespread gold mineralisation system at its South Oko prospect, highlighted by a standout trench intercept of 10m at 10.15g/t Au. The mineralised shear zone remains open and untested beneath duricrust, with a 15,000m RC drilling program set to test its full scale.

Small explorers led the ASX week, with Lachlan Star, EcoGraf and Basin Energy recording the biggest gains on new drilling, offtake and exploration news.
Takeovers, capital raisings and strong company results also drew attention, although several large stocks fell despite reporting better earnings.

Small-cap materials shares produced some of the market’s biggest moves, led by a dramatic rise in Accent Resources and strong gains in gold and critical metals explorers.
Investors also weighed new project funding, drilling results, acquisitions and several steep falls after opening price gaps.

Altair Minerals has kicked off Phase I diamond drilling at North Peters, part of a fully funded 75,000m exploration program across its Greater Oko gold project in Guyana. The initial 22,600m drilling phase targets high-grade gold mineralisation with plans to expand following assay results.

Wild swings hit the ASX this week, with Janus Electric doubling, Aura sliding almost 30%, and TechGen jumping more than 22%. Big news kept landing, but many stocks still fell as early gains faded and traders locked in profits.