Connected Minerals (ASX: CML) Adds 5.26%: Is Bailundo Becoming Its Next Critical-Minerals Focus?

Aditi Sarkar

01 September 2026 02:29 PM AEST

Connected Minerals (ASX: CML) Adds 5.26%: Is Bailundo Becoming Its Next Critical-Minerals Focus?

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Key Highlights

Connected Minerals completed the Bailundo carbonatite Acquisition in August 2026.
The company has outlined approximately 6,000m of RC and diamond drilling at Bailundo.
The project contains two large surface-expressed niobium and rare-earth target areas.
CML shares rose 5.26% to AUD 0.40 at the time of writing on 1 September 2026.

Connected Minerals (ASX: CML) shares rose 5.26% to AUD 0.40 at the time of writing on 1 September 2026. The company has also moved its Bailundo story forward, completing the carbonatite acquisition in August and advancing preparations for a maiden drilling program. With niobium and rare-earth targets now at the centre, the project gives CML a defined exploration program to watch.

Stock Price Snapshot

Connected Minerals (ASX: CML) was trading at AUD 0.40, up 5.26%, at the time of writing on 1 September 2026. Turnover stood at AUD 81,952, Market Capitalisation was AUD 53.85mn, and the stock’s one-year performance was 207.69%.

Bailundo Moves Into the Spotlight

Connected Minerals completed the acquisition of the Bailundo carbonatite project in Angola on 7 August 2026. The transaction moved the project into the company’s portfolio and was followed by an investor presentation outlining its exploration strategy.

A 6,000m Drill Program Is Taking Shape

The company has outlined a maiden program comprising approximately 6,000m of reverse-circulation and diamond drilling. Review work has validated two large surface-expressed target areas for niobium and rare earth elements, while interpretation of ground Geophysical surveys has continued.

Mobilisation Is the Next Field Milestone

Connected Minerals has been advancing drilling mobilisation, with drilling contracts executed and field preparations progressing. The sequence takes the project from acquisition and target review toward direct testing of the identified mineralised systems.

The Exploration Results Will Matter Most

The next major stage for CML is the information generated by drilling. The current program is designed to test the surface-expressed targets and geological interpretation at Bailundo. Results from the maiden campaign should provide the next important company-level data point for the project.

FAQs

Q: What is Bailundo?

A: Bailundo is Connected Minerals’ carbonatite project in Angola.

Q: What is the planned drilling scale?

A: The company has outlined approximately 6,000m of RC and diamond drilling.

Q: What metals are being targeted?

A: The current targets focus on niobium and rare earth elements.

Q: What was the CML share price?

A: CML shares rose 5.26% to AUD 0.40 at the time of writing on 1 September 2026.

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