Bayan Mining and Minerals (ASX:BMM) Stock Falls: Here's What Investors Need to Know

Sonal Goyal

26 October 2026 04:59 PM AEDT

Bayan Mining and Minerals (ASX:BMM) Stock Falls: Here's What Investors Need to Know

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Bayan Mining and Minerals (ASX:BMM) shares traded at $0.038, down 11.63%, during the 26 October 2026 session.
A Phase 3 field program began at Bayan Springs South on Nevada's Carlin Trend.
A maiden 856m RC program was completed at the Desert Star Rare Earth Project.

Bayan Mining and Minerals Ltd (ASX:BMM) shares traded at $0.038, down 11.63%, 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. Separately, the company's latest announcement on file is dated 21 September 2026 and covers the start of a Phase 3 field program at Bayan Springs South in Nevada.

Bayan Mining and Minerals explores gold and rare earth projects in the United States, and the announcement describes field work and a completed rare earth drilling program. The release is dated earlier than the session, so the share price movement and the announcement are reported as separate items.

Phase 3 field program (21 September 2026)

Bayan started surface geochemistry and geological mapping at Bayan Springs South to evaluate target areas that previously returned rock chips up to 8.25 g/t gold and soils up to 0.311 g/t gold with arsenic, antimony, thallium and mercury anomalism. Sampling will extend the grid over the southern target, where the anomaly remains open, and give first-pass coverage of the northern target around the intersection of the Dynasty and Bida faults.

Permitting and Desert Star

Results will refine drill pad locations and feed a revised Plan of Operations to complete drill permitting with the US Forest Service. The project lies on the Carlin Trend next to the historic Bellview deposit and about 10 km north of Kinross's Bald Mountain mine. Bayan also completed a maiden 856-metre RC program at the Desert Star Rare Earth Project, with samples sent to ALS Laboratories.

About Bayan Mining and Minerals

Bayan Mining and Minerals Limited (ASX:BMM) is based in Perth and holds gold and rare earth projects in the United States.

Related sector context

The Carlin Trend is a major gold district in Nevada, and exploration there depends on US Forest Service permitting for drilling on federal land.

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

Risks to weigh in

Drilling at Bayan Springs South is not yet permitted, results from Desert Star are pending and surface anomalies may not be confirmed by drilling. Shares priced at $0.038 can move sharply in either direction.

Catalysts on watch

Items to follow include the Phase 3 results, the revised Plan of Operations and Desert Star assays.

Bringing it together

Bayan Mining and Minerals (ASX:BMM) traded 11.63% lower during the 26 October 2026 session, while its latest release, dated 21 September 2026, described the Phase 3 program and the completed Desert Star drilling.

FAQs

Q: How did Bayan Mining and Minerals (ASX:BMM) shares trade on 26 October 2026?

A: Shares traded at $0.038, down 11.63%, during the trading session, while the S&P/ASX 200 was up 0.11% at 2:06 pm.

Q: What is the Phase 3 program?

A: Surface geochemistry and mapping at Bayan Springs South to refine drill targets.

Q: What drilling was completed?

A: An 856m RC program at Desert Star.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.