Key Highlights

  • Pre-feasibility study activities progressed during the quarter, with completion scheduled within FY27.
  • Net cash spent during the period was $1.6 million, and the end-quarter cash position was $12.2 million.
  • Listed investments were valued at approximately $700,000 at the end of the quarter.
  • The company continues to engage with local community groups, Indigenous people and government bodies.

Blackstone Minerals Limited (ASX:BSX) released its quarterly report for the period ending 30 September 2026 on 30 October 2026. The report focuses on progress with pre-feasibility studies, which followed the appointment of key consultants and engineering groups in June 2026. It also covers the company's cash position and its ongoing engagement with community and government stakeholders.

Pre-Feasibility Study Progress

Pre-feasibility study activities advanced during the quarter following the appointment of key consultants and engineering groups in June 2026. The company has scheduled completion of the studies within the 2027 financial year.

The company also said it continues to hold dialogue about commencing drilling to support the study. The timing of that drilling has not been fixed in the quarterly report, and the release provides no specific date for the program.

The quarterly report describes the company's aim of reviewing corporate overheads to ensure appropriate capital management. The net cash figure of $1.6 million, against an end-quarter position of $12.2 million, gives an indication of the rate at which the company's cash is being used during the period covered by the report.

Cash Management and Corporate Overheads

Net cash spent during the quarter was $1.6 million, and the company held $12.2 million in cash at the end of the period. The report says the company continues to review all corporate overheads in order to manage its capital carefully.

Listed investments were valued at approximately $700,000 at quarter end, giving a small additional asset base outside of the cash balance.

Stakeholder Engagement

Blackstone reported continued engagement with local community groups, Indigenous people, and regional and national government bodies. The company treats these relationships as part of the work required before studies and any later development can proceed.

The report does not describe any specific agreement or outcome from that engagement during the quarter.

Final Word

Blackstone Minerals' September quarter report shows progress on its pre-feasibility studies alongside careful management of cash, which fell to $12.2 million after $1.6 million of net spending. The company's plans for drilling and the completion of the studies within FY27 are the main items to track. Future quarterly reports will show whether the schedule is met.