Latest Right Resources (ASX:RRE) News

Right Resources posted a A$5.16 million loss for FY2026 and warned of material uncertainty over its ability to continue as a going concern, despite A$3.24 million in cash at year-end and a subsequent A$2.94 million capital raise. The explorer is betting that new drilling at Blue and a revised geological model at Pilot can improve the investment case.

Right Resources has begun a fully funded 2,000-metre aircore program at its Blue Prospect near Tumbarumba, testing six tungsten and five gold anomalies for the first time below surface. Assay results are expected progressively during the December Quarter, but the campaign is exploratory and is not designed to define a Mineral Resource.

Right Resources has boosted its Blue Prospect gold target with a standout 5.16 g/t rock-chip assay, refining a 4 km gold corridor and setting the stage for maiden drilling in September.

Right Resources has confirmed gold mineralisation for the first time at its Blue Prospect in NSW, revealing a large multi-element system with gold grades up to 1.19 g/t and extensive tungsten and bismuth anomalies.

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.