Highlights

  • Most of the quarter's focus went into assessing new project opportunities to complement the existing portfolio.
  • A high-priority target on the Rosemont Trend at Laverton Downs is being planned for air-core drilling in late 2026 or early 2027.
  • Consultants identified several prospective targets at the Nexus Project in WA's West Arunta region from newly released survey data.
  • Cash at bank was $0.748 million at 30 September 2026, with an estimated 3.39 quarters of funding.

APC Minerals Limited (ASX:APC) has released its quarterly activities and cash flow report for the period ended 30 September 2026. The company spent most of the quarter evaluating new project opportunities while continuing desktop planning across its two Western Australian projects.

Assessing New Project Opportunities

APC stated that the majority of its focus and resources during the quarter were directed to assessing new projects that could complement its existing portfolio. The company said it intends to keep capital allocation disciplined and will not pursue an opportunity simply to expand its holdings.

Any material developments on these opportunities will be disclosed under the ASX Listing Rules. APC is also weighing how best to prioritise funding between its Laverton Downs and West Arunta projects alongside the outcome of this review.

Laverton Downs Gold Project Planning

The 100%-owned Laverton Downs Gold Project lies about 15km north of Laverton in WA's north-eastern Goldfields. Historical geophysics identified a high-priority target on the Rosemont Trend, described as a large bend and strike change. An air-core program is largely planned for late 2026 or early 2027 and is considered a higher priority than work on the Lancefield Trend.

On the Lancefield Trend, the 2025 RC program drilled 2,628m across 22 holes. Best results included 4m at 1.2 g/t Au from 104m and 2m at 2.04 g/t Au from 57m. Consultants have recommended a program testing to 200m depth, below the best 2025 intercepts.

Nexus Project and Financial Position

The Nexus Project in the West Arunta region hosts niobium prospects within carbonatite complexes. Following the release of government airborne survey data, specialist consultants Resource Potentials delivered final images and interpretation in late August 2026, identifying several highly prospective targets that APC is still evaluating.

No on-ground exploration took place during the quarter. Cash at bank fell to $0.748 million from $0.969 million, with operating outflows of $221k, including $110k in staff costs and $104k in administration and corporate costs. The Appendix 5B estimates 3.39 quarters of funding, and no financing facilities are in place.

Key Takeaways

  • APC's main activity during the quarter was reviewing potential new projects.
  • The Rosemont Trend has been ranked as the top drilling priority at Laverton Downs.
  • New geophysical interpretation at Nexus has generated targets that remain under evaluation.
  • The company has a modest cash balance and an estimated runway of just over three quarters.