Raptor Metals Limited (ASX:RAP) Shares Rise: What Are the Latest Arunta High-Grade Readings?

Sonal Goyal

06 November 2026 09:20 PM AEDT

Raptor Metals Limited (ASX:RAP) Shares Rise: What Are the Latest Arunta High-Grade Readings?

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Key Highlights

Raptor Metals (ASX:RAP) shares finished the 6 November 2026 session at $0.017, up 13.33%.
Portable X-ray fluorescence readings from rock chip samples returned high indicative copper values at Home of Bullion and Prospect D.
Home of Bullion already hosts a March 2023 JORC Mineral Resource of 3.1 million tonnes.

During the Trading session on 6 November 2026, Raptor Metals Limited (ASX:RAP) shares finished at $0.017, up 13.33%, while the S&P/ASX 200 fell 0.49% to 9,020.80. Raptor is an Australian exploration company with its main project at Arunta in the Northern Territory. Its latest update is an announcement dated 5 November 2026 on portable X-ray fluorescence results from reconnaissance rock chip sampling.

Latest Development: Arunta pXRF Results (5 November 2026)

Raptor reported high indicative copper, silver, zinc and lead readings from portable X-ray fluorescence analysis of rock chip samples collected during reconnaissance exploration at Home of Bullion and Prospect D. At Home of Bullion, readings included 28.6% copper, 1.2% zinc and 0.4% lead in sample HOB007, and 10.4% copper with 3,058 g/t silver in sample HOB002.

At Prospect D, indicative readings included 44.6% copper and 0.2% nickel in sample PRD002, and 25.9% copper and 0.8% nickel in sample PRD001. The company stressed that pXRF readings are indicative and are not the same as laboratory assays.

Latest Development: Resource Context

Home of Bullion hosts an existing March 2023 JORC Mineral Resource of 3.1 million tonnes at 2.9% copper equivalent, mineralisation that remains open along strike and at depth. Raptor said three untested IP anomalies remain, and the new field observations and pXRF data will be integrated with historical drilling and geological data.

About the Company

Raptor Metals explores for copper, silver, zinc and lead at its Arunta Project in the Northern Territory. Its activity combines reconnaissance sampling, geophysics and drilling to define targets.

Sector Context

Copper exploration in Australia is closely watched because of the metal's use in electrification and infrastructure. Portable XRF is a field screening tool, and drilling and laboratory analysis are needed to confirm grades before any resource estimate is updated.

Risks to Watch

Field readings are indicative and may not be repeated in laboratory analysis or drilling. High readings from rock chip samples can be selective and may not represent the broader mineralisation. The company will need to fund the next stages of exploration, and access and permitting in the Northern Territory can affect timing.

Catalysts on Watch

Investors will be watching for laboratory assay results from the rock chip sampling, the outcome of targeted drilling on the untested IP anomalies, and any update to the Home of Bullion resource.

FAQs

Q: What did the Arunta update report?

A: Raptor reported high indicative copper readings from portable XRF analysis of rock chip samples at Home of Bullion and Prospect D.

Q: Are the pXRF results laboratory assays?

A: No. The company said the readings are indicative and are not the same as laboratory assays.

Q: How big is the existing resource at Home of Bullion?

A: The March 2023 JORC Mineral Resource is 3.1 million tonnes at 2.9% copper equivalent.

Q: What is still to be tested?

A: Raptor said three untested IP anomalies remain at Home of Bullion.

Q: How did Raptor shares perform on 6 November 2026?

A: Raptor shares finished the trading session at $0.017, up 13.33%, while the S&P/ASX 200 fell 0.49%.

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