Key Highlights

  • Aureka (ASX:AKA) received Prospecting Licence PL008915 over its Comstock project in Victoria.
  • Aldoro Resources (ASX:ARN) signed an MOU with Willetech for a proposed 51% interest in its Kameelburg project in Namibia.
  • Northstone Resources (ASX:NRL) raised A$2.37 million at A$0.009 per share, a 10% discount to the last traded price.
  • Each company's next steps rely on approvals, definitive agreements or resource work that have not yet been completed.

Three ASX-listed explorers released project updates on 5 November 2026. The announcements cover a licence grant in Victoria, a Partnership framework in Namibia and a small Placement to fund a copper and gold program in Western Australia and Serbia.

Aureka (ASX:AKA)

Aureka (ASX:AKA) announced that Prospecting Licence PL008915 has been granted over about 4.5 hectares of its Comstock Gold and Silver Project near St Arnaud. The seven-year licence was granted by Resources Victoria less than four months after the application was accepted. The next steps include resource definition, mine design, work plan approval and stakeholder consultation before Mining can begin.

Aldoro Resources (ASX:ARN)

Aldoro Resources (ASX:ARN) entered an MOU with WILLETECH for development of the Kameelburg Critical Minerals Project in Namibia. WILLETECH proposes to acquire a 51% interest in the Project Company. It has a binding commitment to make RMB 100 million, roughly A$21.5 million, available subject to approval, and intends to procure at least RMB 2 billion in development Investment on a non-binding basis. Definitive agreements are to be signed within 15 Business days.

Northstone Resources (ASX:NRL)

Northstone Resources (ASX:NRL) raised A$2.37 million through the issue of 263,444,444 shares at A$0.009 each. The price is a 10% discount to the last traded price of A$0.010 on 30 October 2026. Directors and management committed A$240,000 to the placement. The proceeds support drilling at Tlamino, where a maiden JORC resource is targeted for the fourth quarter of 2026.

Final Word

The three companies have each set out a milestone, but the stages differ. Aureka has a licence in hand with approvals to follow, Aldoro has a framework awaiting definitive agreements, and Northstone is funding a resource and drilling program. The outcomes of those steps will determine whether the announced milestones translate into project progress.

What licence did Aureka receive?

Aureka received Prospecting Licence PL008915 for its Comstock project near St Arnaud, Victoria.

What interest is Willetech proposing to acquire?

Willetech proposes to acquire a 51% interest in the Kameelburg Project Company.

What price did Northstone's shares issue at?

The shares were issued at A$0.009 each, a 10% discount to the last traded price.

When are Aldoro's definitive agreements due?

The parties have agreed to negotiate and execute them within 15 business days.