Key Highlights
- Augustus Minerals (ASX:AUG) finished the 6 November 2026 session at $0.024, up 14.29%, after its Music Well drilling update.
- NGX (ASX:NGX) finished at $0.145, up 11.54%, after securing licence rights across more than 1,300 square kilometres in Namibia.
- Resouro Strategic Metals (ASX:RAU) finished at $0.205, up 13.89%, with latest financial statements showing lower cash.
During the Trading session on 6 November 2026, Augustus Minerals Limited (ASX:AUG) finished at $0.024, up 14.29%, NGX Limited (ASX:NGX) finished at $0.145, up 11.54%, and Resouro Strategic Metals Inc (ASX:RAU) finished at $0.205, up 13.89%. The S&P/ASX 200 fell 0.49% to 9,020.80 over the same session. The three companies are exploration businesses working on gold and strategic metals projects in Papua New Guinea, Africa and Canada.
Augustus Minerals Limited (ASX:AUG)
Augustus reported in its 26 October 2026 Quarterly Report that its highest-grade Music Well intersection was 1 metre at 19.5 g/t gold, and that a first diamond hole at Clifton East reached 201.7 metres.
NGX Limited (ASX:NGX)
NGX's quarterly report of 30 October 2026 said it secured rights to acquire up to 85% in seven Exclusive Prospecting Licences in Namibia's Damara Gold Belt, and up to 85% of the Karas Copper Project.
Resouro Strategic Metals Inc (ASX:RAU)
Resouro's condensed interim financial statements for the three months to 30 June 2026 show cash falling to C$348,728, while exploration Assets were unchanged at C$5.73 million.
Sector Context
Exploration companies in this group compete for drilling services and capital. Africa's Damara Belt and Papua New Guinea projects involve logistics and permitting, while Canadian and Australian exploration depends on financing conditions and Commodity prices.
Risks to Watch
Augustus's high-grade intersections may not represent wider mineralisation. NGX's licence rights are conditional and its exploration results are not yet known. Resouro's cash balance will need replenishing to fund exploration.
Catalysts on Watch
Investors will be watching for Augustus's next-phase RC results, NGX's licence completion and first Damara programs, and Resouro's next financial report and any financing announcement.
_11_12_2026_10_36_35_483404.jpg)


_11_12_2026_10_36_50_897036.jpg)


Please wait processing your request...