Latest Daly Resources (ASX:DLY) News

Daly Resources says a 10.7-kilometre soil traverse has revealed fluorine anomalies beyond known Huckitta fluorite outcrops, including beneath transported cover. A new western vein and high-grade rock-chip results have widened the exploration target, but drilling is still required to test continuity and scale.

Daly Resources ended FY2026 with $11.05 million in cash after its $12 million IPO, but reported a $3.63 million loss dominated by share-based remuneration. The ASX-listed explorer has no defined mineral resources or ore reserves and must now convert its exploration portfolio into results.

Daly Resources has begun systematic soil sampling at the Hot Spring zinc target in the Northern Territory, using surface geochemistry to refine drill locations ahead of maiden diamond drilling. The target lies along the same structural corridor as the HYC and Teena zinc deposits, although no mineralisation has yet been identified at Hot Spring.

Daly Resources advances exploration across 6,451 km² in the Northern Territory, revealing fluorite assays up to 95.1% CaF₂ and significant copper-zinc potential backed by strategic investors and government funding.

Daly Resources is aggressively advancing exploration across its 6,451 km² Northern Territory portfolio, highlighting ultra-high-grade fluorite at Huckitta and promising sediment-hosted copper-zinc targets with government-backed geophysical surveys underway.

Daly Resources has launched on the ASX with a $12 million IPO, immediately reigniting exploration at its key Huckitta Fluorite-Copper Project in the Northern Territory, supported by strong cash reserves and a major shareholder backing.

Daly Resources has won $150,000 in Northern Territory Government funding to conduct a major airborne electromagnetic survey at its Broughton copper-zinc project, aiming to refine exploration targets in the McArthur Basin.

Daly Resources has debuted on the ASX after a $12 million IPO, positioning itself to explore fluorite, copper, and zinc in the Northern Territory, led by the Huckitta project.

Daly Resources has posted a $352,743 loss for FY2025 amid aggressive expansion of its exploration portfolio, including the acquisition of the Huckitta and North Batten projects. The company is gearing up for a $10 million IPO in 2026 to fund its base metals and fluorite exploration ambitions.