Key Highlights

  • McLaren Minerals shares were up 9.09% at $0.012 during the 10 November 2026 trading session.
  • The final 137-hole batch of 2026 assays returned an average of 4.27% heavy minerals across 2,210 metres.
  • A Mineral Resource Estimate update is underway, with the current resource at 529 million tonnes.

McLaren Minerals Limited (ASX:MML) shares were trading higher during the 10 November 2026 session, up 9.09% at $0.012 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. McLaren is an exploration and pre-development company focused on the McLaren Titanium Project in the western Eucla Basin of Western Australia, which hosts an existing 529 million tonne Mineral Resource. The company’s latest update, released on 4 November 2026, announced the final assay results from its 2026 Mineral Resource upgrade and expansion drilling program.

About the company

McLaren Minerals is an exploration and pre-development company focused on the McLaren Titanium Project in the western Eucla Basin of Western Australia. The company says the project hosts an existing 529 million tonne Mineral Resource and is being advanced through resource, metallurgical and technical studies. It has also agreed to acquire the Barossa zircon-rich project in South Australia.

Final 2026 drilling assays released on 4 November 2026

The final batch covered 137 holes and 2,210 metres of sampled interval, with a length-weighted average of 4.27% heavy minerals and no cut-off applied. In that batch, 34 holes averaged at least 5% heavy minerals, including nine averaging at least 6%. The highest individual one-metre assay was 14.15% heavy minerals in hole MAC670 from 11 to 12 metres.

Mineralisation extended to the south-west, outside the current Inferred Resource, and the company said it remains open to the south. Holes MAC773, MAC774 and MAC771 returned intervals of 21 metres at 6.35%, 15 metres at 5.40% and 17 metres at 4.76% heavy minerals respectively, all from surface.

Variography grids and resource update

Two dedicated variography grids comprising 40 drillholes were included in the release, which the company said will provide insight into short-range variability and continuity of heavy mineral grades. Results from the southern grid showed intervals of 21 to 24 metres averaging above 5.4% heavy minerals across all 20 holes.

The company said the completed dataset will be used for the Mineral Resource update, and no revised estimate was stated in the announcement. Work on assay validation and integration into the geological model is ongoing.

Sector Context

Titanium and zircon feedstock Supply are linked to pigment and zirconium chemical demand. McLaren has also agreed to acquire the Barossa zircon-rich project in South Australia, which the company said is located in the eastern Eucla Basin.

Risks to Consider

  • The Mineral Resource update has not been completed, and no revised estimate has been released.
  • Average grades reflect sampled intervals with no cut-off applied, and the company noted that sampled thicknesses are not cut-off-defined mineralised intersections.
  • The share price is around $0.012, and future funding requirements are not detailed in the release.

What to Watch Ahead

  • Completion of the Mineral Resource Estimate update and the revised resource classification.
  • Results from the current testwork program and metallurgical studies.
  • Progress on the Barossa zircon project acquisition.

Final Word

McLaren’s final 2026 assays complete the reporting of its drilling program. The upcoming Mineral Resource update will determine how the new results affect the project’s resource base.