Latest Right Resources (ASX:RRE) News

Right Resources has upgraded Rising Sun and Midnight Star to high-priority drill-ready gold-copper targets after revisiting three decades of historic data at its New England Project in NSW.

Right Resources' Heavy Liquid Separation testwork on a Blue prospect sample yielded a high-grade tungsten concentrate with recoveries up to 81.6%, supporting gravity-based processing options.

Carnaby led the market after Evolution Mining agreed to a A$213 million takeover. Coal and lithium names fell despite major production and funding news.
Across materials, investors rewarded deals and cash flow, but punished large capital needs and weak price follow-through.

Right Resources’ latest quarter reveals a promising new Reduced Intrusion-Related Gold System and high-grade tungsten discoveries at Tumbarumba, backed by a $2.7 million capital raise.

Mining news drove the week, with drilling hits, funding wins and takeover bids pushing several small and mid-cap names sharply higher or lower. The biggest swings came from tin, platinum group metals and copper, while gold M&A in WA stayed at the centre of trading.

Big movers came from drill hits, takeover bids and fresh funding, but several stocks still fell even after good news. That mix says investors are rewarding clear near-term value, while punishing names where timing, cost or delivery still feel uncertain.

Right Resources Limited has raised A$2.7 million through a placement anchored by major shareholders, including directors, to fund drilling and exploration across its Tumbarumba and New England projects.

Right Resources has locked in a second tranche of A$755,000 in non-dilutive R&D funding for FY2026, boosting its collaboration with the University of Tasmania's CODES to deepen understanding of mineral systems in the Tumbarumba district.

Small caps drove the week, with battery, resources and education names posting the biggest gains. Deal news, funding rounds and fresh drilling plans kept traders busy, while a few discounted raisings hit hard.

Small-cap materials stocks swung hard as buyers chased project funding, processing breakthroughs and new drill results. The biggest moves came from energy infrastructure, greenfields deals and uranium, while gold and copper stories kept the sector busy.

Right Resources has significantly enlarged its Blue tungsten prospect near Tumbarumba, NSW, confirming strong geochemical signatures and advancing metallurgical testwork to assess recovery potential.

Right Resources’ drilling at the Pilot Project in Tumbarumba validates a large Reduced Intrusive Related Gold System, with assays highlighting low grades in the transitional halo but confirming the presence of a substantial mineralised footprint. The high-grade core remains untested, marking a key exploration focus.