Key Highlights

  • McLaren Minerals shares were trading at $0.013 during the 13 November 2026 session, up 8.33%.
  • Final assays from the 2026 drilling program were released on 4 November 2026, completing the reporting of the program.
  • Mineralisation extends south-west of the current Inferred Resource and remains open to the south.

During the Trading session on 13 November 2026, McLaren Minerals Ltd (ASX:MML) shares were trading at $0.013, up 8.33%, while the S&P/ASX 200 was down 0.73% at 9,079.70 at 12:39 pm AEDT. McLaren is focused on its wholly owned McLaren Titanium Project in Western Australia. Its latest update, dated 4 November 2026, reported the final assay results from its 2026 Mineral Resource Upgrade and Expansion drilling program.

Final 2026 drilling assays

The final 137-hole batch completes reporting of McLaren's 2026 drilling program. The company said the results show grade and thickness across the final batch, with 34 holes averaging at least 5% heavy minerals and nine at 6% or above. One-metre assays reached as high as 14.15% heavy minerals in hole MAC670. Across the program, 91 holes returned one-metre assays of at least 6%, and 17 holes returned one-metre assays of 10% or more.

Extension of the mineralised zone

The results show mineralisation extending south-west, outside the current Inferred Resource, and remaining open to the south. Holes MAC773, MAC774 and MAC771 returned intervals of 21, 15 and 17 metres from surface at 6.35%, 5.40% and 4.76% heavy minerals respectively. The company said southern variography holes show consistency, with all 20 holes averaging at least 5.40% over 21 to 24 metres from surface.

Resource update under way

McLaren said work on the Mineral Resource Estimate update is underway, using the completed drilling dataset. The update will determine how the new results are incorporated into the resource base of the project.

Sector context

Titanium and heavy mineral sands projects are assessed on grade, thickness and continuity, along with the Economics of processing and product markets. Demand for titanium feedstock is influenced by pigment and aerospace uses, and companies in the sector commonly update resources in stages as drilling results accumulate.

Risks investors are watching

The new mineralisation sits outside the current Inferred Resource, and the classification and tonnage of any upgraded resource will depend on the estimate being finalised. Heavy mineral grades in drilling do not guarantee economic recovery, and the project's economics depend on processing and product prices. Funding needs for development studies may also affect shareholders.

What to watch ahead

Investors will look for the completed Mineral Resource Estimate update, its resource classification and tonnage, and any indication of the next phase of work. The company's next Quarterly Report will also show progress on the resource and related studies.

Final Word

McLaren's final drilling assays add to a dataset that extends the mineralised zone and is now being incorporated into a resource update. The revised estimate will show how the results affect the project's scale.