3 ASX Explorers Move Lower: iTech Minerals, Latitude 66 and MB Gold Drilling Updates

Sonal Goyal

26 October 2026 04:59 PM AEDT

3 ASX Explorers Move Lower: iTech Minerals, Latitude 66 and MB Gold Drilling Updates

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Key Highlights

iTech Minerals (ASX:ITM) traded at $0.033, down 10.81%, during the 26 October 2026 session.
Latitude 66 (ASX:LAT) traded at $0.10, down 9.09%, during the 26 October 2026 session.
MB Gold (ASX:MBG) traded at $0.18, down 10.00%, during the 26 October 2026 session.

iTech Minerals (ASX:ITM) at $0.033, down 10.81%, Latitude 66 (ASX:LAT) at $0.10, down 9.09% and MB Gold (ASX:MBG) at $0.18, down 10.00% were among the ASX decliners during the Trading session on 26 October 2026, while the S&P/ASX 200 index (XJO) stood at 8,805.30, up 0.11% or 10.10 points, at 2:06 pm. The latest announcements referenced below all carry earlier dates than the session, so they are reported as separate items from the share price movements.

iTech Minerals (ASX:ITM): Antimony results (15 October 2026)

Three holes east of FLRC26-009 (8m at 0.95% antimony) all intersected antimony. FLRC26-010 returned 6 metres at 1.64% antimony and 0.43 g/t gold from 54 metres including 2 metres at 4.34%, FLRC26-011 10 metres at 0.91% including 1 metre at 3.72%, and FLRC26-012 9 metres at 0.57% including 1 metre at 3.55%. The zone has been intersected in four holes over about 70 metres of strike and remains open to the east and at depth.

Two holes tested the main Falchion gold zone to about 115 metres below surface, returning 6 metres at 2.14 g/t gold and 1.04% antimony from 117 metres in FLRC26-014 and 3 metres at 2.29 g/t gold from 129 metres in FLRC26-013.

Latitude 66 (ASX:LAT): Drilling start (14 October 2026)

Diamond drilling of about 2,500 metres has begun to test resource extension targets next to the K1 gold-cobalt deposit, supported by geological, structural, fixed-loop electromagnetic and historical drilling data.

KSB holds a resource of 7.3 million tonnes at 2.7 g/t gold for 650,000 ounces and 0.08% cobalt for 5,840 tonnes, about 90% Indicated. A 2026 Scoping Study contemplates open-pit and underground Mining at K1, and the drilling runs alongside the KSB Pre-Feasibility Study.

MB Gold (ASX:MBG): EIS grant (14 October 2026)

MB Gold was awarded up to $220,000 under the Western Australian EIS Co-funded Drilling Program toward a maiden diamond program at Murphy Well. It is the second EIS award this year after $100,000 in April 2026 for a dipole-dipole IP survey completed in July.

The IP survey, processed by Terra Resources, identified three high-priority chargeability anomalies within and near the edge of the Murphy Well Granodiorite, which may represent sulphide accumulation linked to an intrusion-related or structural gold and base metal system. A 2,000 metre diamond campaign with DDH1 is scheduled for November 2026, with assays expected in the first quarter of 2027.

About the companies

iTech Minerals Limited (ASX:ITM), based in South Australia, owns 100% of the Reynolds Range Gold-Antimony Project in the Northern Territory and has about 238.9 million shares on issue.

Latitude 66 Limited (ASX:LAT) is developing the KSB Gold-Cobalt Project in northern Finland as its flagship.

MB Gold Limited (ASX:MBG) is based in West Perth and explores the Marble Bar Gold Project in the Pilbara region of Western Australia.

Related sector context

Antimony is used in flame retardants, batteries and alloys, and exploration companies often report it alongside gold where the two occur together.

Finland is an established mining Jurisdiction in the Nordics, and drilling to extend resources is typically done alongside pre-feasibility work.

The EIS program co-funds exploration drilling in Western Australia, reducing direct costs for explorers testing new targets.

The XJO was up 0.11% at 2:06 pm on the day.

Risks to weigh in

iTech Minerals: Holes were drilled over a limited strike length, results are intercepts rather than a resource, and shares priced at $0.033 can move sharply in either direction.

Latitude 66: Drilling may not extend the resource, the PFS is not complete and shares priced at $0.10 can move sharply in either direction.

MB Gold: The grant is up to $220,000 and drilling targets are geophysical anomalies that may not represent mineralisation.

Catalysts on watch

iTech Minerals: Items to follow include step-out drilling east and at depth, assay timing and any resource work.

Latitude 66: Items to follow include drill results and PFS progress.

MB Gold: Items to follow include the November drilling start and first-quarter 2027 assay results.

Summing up

iTech Minerals (ASX:ITM), Latitude 66 (ASX:LAT) and MB Gold (ASX:MBG) traded 10.81%, 9.09%, 10.00% lower respectively during the 26 October 2026 session, with the announcements above dated 15 October 2026; 14 October 2026; 14 October 2026.

FAQs

Q: Which stocks are covered in this article?

A: iTech Minerals (ASX:ITM), Latitude 66 (ASX:LAT) and MB Gold (ASX:MBG).

Q: How did the S&P/ASX 200 trade?

A: It stood at 8,805.30, up 0.11%, at 2:06 pm on 26 October 2026.

Q: Which company reported antimony results?

A: iTech Minerals, at Falchion.

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