Key highlights

  • Kingsland Minerals (ASX:KNG) fell 15.22% to $0.039 during the trading session.
  • Rumble Resources (ASX:RTR) dropped 12.50% to $0.021, and Scorpion Minerals (ASX:SCN) fell 11.77% to $0.015.
  • The S&P/ASX 200 rose 1.34% over the same session.

Three penny Mining stocks on the ASX traded lower during the 10 November 2026 trading session, while the S&P/ASX 200 was higher by 1.34%, or 121.20 points, at 9,150.90. Kingsland Minerals Ltd (ASX:KNG), Rumble Resources Ltd (ASX:RTR) and Scorpion Minerals Ltd (ASX:SCN) each reported latest updates in late October. The sections below cover each company's update and its share price move.

Kingsland Minerals Ltd (ASX:KNG)

Kingsland shares were down 15.22% at $0.039 during the session. The company's September 2026 quarterly report, released on 30 October, said discussions with Quinbrook, its largest shareholder, about a potential transaction involving the Leliyn Graphite Project remain incomplete, with no binding transaction agreed.

The report also traced a Takeovers Panel process from June 2026 and a deed of settlement signed on 3 July 2026. Kingsland's review of its Northern Territory gold and uranium projects is continuing, and the company received R&D tax refunds of $1,156,000, including interest, during the quarter.

Rumble Resources Ltd (ASX:RTR)

Rumble shares fell 12.50% to $0.021 during the session. Its September quarter report, released on 30 October 2026, reported a revised Mineral Resource Estimate for the Western Queen Gold-Tungsten Project of 3.92Mt at 3.1 g/t for 393,100 ounces, optimised for underground mining.

The company also released an updated gold-only scoping study, which points to a significantly longer mine life and more than double the gold production of the November 2025 study. Rumble appointed a General Manager Operations and began regional exploration drilling at Wardawarra and Munarra Gully.

Scorpion Minerals Ltd (ASX:SCN)

Scorpion shares were down 11.77% at $0.015 during the session. The Quarterly Report released on 30 October 2026 included an updated open pit optimisation for the Old Prospect Gold Deposit, identifying 314,565 tonnes at 1.6 g/t gold for 16,159 ounces from two pits.

The company's mining Lease application M20/568 has reached the Right to Negotiate stage, and Scorpion granted Andel Resources an option to enter into a right to mine agreement over Old Prospect. Andel is a related party of Gylden Resources, which owns the Kirkalocka Processing Plant.

Final Word

Each of the three explorers reported on a different development, and their share prices moved separately during the session. The next quarterly reports will provide the next updates on each project.