Key Highlights

  • LinQ Minerals shares were up 10.71% at $0.62 during the 10 November 2026 trading session.
  • Monza drilling continues to define shallow copper-gold mineralisation that remains open in multiple directions.
  • The company has about $14.4 million in cash to fund a fully funded 30,000-metre drilling campaign.

LinQ Minerals Limited (ASX:LNQ) shares were trading higher during the 10 November 2026 session, up 10.71% at $0.62 at midday AEDT. The S&P/ASX 200 was also higher in the same session, up 1.13% at 9,131.90 around 12:30 pm AEDT. LinQ is an exploration company advancing its flagship Gilmore Gold-Copper Project, where it is drilling at Monza and Gidginbung. The company’s most recent update was its quarterly activities report for the period to 30 September 2026, released on 27 October 2026, which included drilling results and the start of drilling in the Southern Zone.

About the company

LinQ Minerals is an exploration company advancing its flagship Gilmore Gold-Copper Project, which it describes as a highly mineralised 40-kilometre belt with 20 or more mineralised targets. The company holds its exploration strategy around resource growth and new discovery, with a base in West Perth, Western Australia.

Quarterly report released on 27 October 2026

Results at Monza included 72 metres at 0.95% copper equivalent from 45 metres, including 4 metres at 5.3% copper equivalent, within a broader 113-metre intersection in hole MZACD010. The company said the system remains open in multiple directions and that high-grade mineralisation is open near surface to the east and north-east of that hole.

At Gidginbung, hole GBRCD016 returned 61.0 metres at 2.3 grams per tonne gold equivalent from 124 metres, and hole GBRCD015 returned 46.4 metres at 1.2 grams per tonne from 142 metres. Drilling also commenced in the Southern Zone, about one kilometre south of Gidginbung.

Drilling strategy and funding

LinQ described a fully funded 30,000-metre drilling campaign across eight priority targets along its 40-kilometre belt, focused on resource growth and new discovery. A drill rig was mobilised on 21 September 2026 after wet weather in July and August caused delays. The company reported about $14.4 million in cash on hand.

Sector Context

Copper and gold exploration in New South Wales is supported by established Mining districts and infrastructure. Companies in the sector are typically assessed on drilling results and resource progress, which depend on the timing of assay turnaround.

Risks to Consider

  • The Southern Zone first hole was assessed visually, and assays are awaited before a view is formed on its grade.
  • Drilling is subject to weather and rig availability, as delays earlier in the year showed.
  • Mineralisation intersections are reported as downhole lengths, and true widths are not stated in the release.

What to Watch Ahead

  • Assay results from the Southern Zone hole GBRD021 and other first-pass targets.
  • Further results from the Monza drilling program and any resource updates.
  • Progress across the eight priority targets within the 30,000-metre campaign.

Final Word

LinQ’s quarterly update shows drilling results at Monza and Gidginbung, and the start of its Southern Zone program. Assays from the new holes and the progress of the wider campaign will be the main reference points.