Key Highlights

  • A Mining Lease Application was lodged for the Paris Silver Project in South Australia.
  • A fully funded 30,000 metre drilling program has commenced, targeting resource growth and mineralisation beyond the current mine plan.
  • High-grade drilling results were returned from outside the current definitive feasibility study mine plan.
  • Cash stood at $55.1 million at 30 September 2026.

Investigator Silver Limited (ASX:IVR) published its quarterly activities report for the period ending 30 September 2026 on 30 October 2026. The report highlights the lodgement of a Mining Lease Application for the Paris Silver Project and the start of a 30,000 metre drilling campaign. The company is progressing the project through the South Australian approvals process, which it describes as a major milestone.

Approvals and Project Progress

The lodgement of the Mining Lease Application is described as a key step in advancing the Paris Silver Project through the South Australian approvals framework. Work on the Native Title Mining Agreement, land access and other approval requirements continued during the quarter, according to the report.

The company also reported continued progress in engineering, project execution and financing readiness. These activities were supported by further additions to the company's project delivery capability, which management says is intended to keep the project on track as approvals advance.

Drilling Program and Exploration Results

The 30,000 metre drilling program is fully funded and has commenced. It is designed to support resource growth, convert resources into higher confidence categories, and test extensions of mineralisation beyond the current definitive feasibility study mine plan.

High-grade drilling results were returned from areas outside the current mine plan. The company says these results may increase the mining inventory available for the Paris project, which would expand the material that can be considered for future mining.

Because the program has only recently started, the results so far relate to the early stages of a multi-part campaign. Subsequent quarterly reports will show whether the initial intercepts are repeated at greater scale.

Financial Position

Investigator Silver reported cash of $55.1 million at 30 September 2026. The balance is intended to fund the drilling program and the continuing development work on the project, according to the company's disclosures.

The quarterly report does not provide production forecasts or updated financial projections for the project, so the figures reflect the position at quarter end rather than a forward view of costs or revenue.

The approach of drilling beyond the current mine plan reflects a focus on expanding the resource base rather than only confirming existing material. The report does not provide tonnage or grade estimates for any new material, so the scale of the possible change cannot be measured from the quarterly figures.

Final Word

Investigator Silver's September quarter activities centred on the Paris Silver Project's approvals and drilling. The lodgement of the Mining Lease Application and the start of a funded drilling program are the main developments reported in the period. The company's future announcements on drilling outcomes and approvals will show how the project progresses against its stated objectives.