Blackstone Minerals (ASX:BSX) Shares Retreat: Key Details Explained

Sonal Goyal

26 October 2026 04:59 PM AEDT

Blackstone Minerals (ASX:BSX) Shares Retreat: Key Details Explained

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Key Highlights

Blackstone Minerals (ASX:BSX) shares traded at $0.025, down 10.71%, during the 26 October 2026 session.
The loss attributable to owners was $14.56m compared with $9.72m.
Cash was $13.74m at year end.

Blackstone Minerals Ltd (ASX:BSX) shares traded at $0.025, down 10.71%, 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 FY26 Annual Report and covers its annual report for the year ended 30 June 2026.

Blackstone Minerals is advancing the Mankayan copper-gold project in the Philippines following a merger, and the report sets out the year's loss and cash. The release is dated earlier than the session, so the share price movement and the announcement are reported as separate items.

FY26 results

The group's loss attributable to owners was $14,563,290 (2025: $9,724,527), including $3,023,909 of exploration and evaluation expenditure and share-based payments of $5,377,646. The group held $13,742,939 in cash and cash equivalents.

Projects

Following the Merger with IDM International completed on 27 June 2025, the primary focus is the Mankayan Copper-Gold Project in the Philippines, with a Pre-Feasibility Study initiated in the June quarter of 2026. The company also entered a binding agreement with Xuan Loc Tho Co. Ltd for joint development of the Ta Khoa Nickel Project and Refinery in Vietnam, which it said reduces Holding Costs while retaining upside exposure. Several board changes were made between October 2025 and February 2026.

About Blackstone Minerals

Blackstone Minerals Limited (ASX:BSX) is a Perth-based mineral explorer with copper-gold interests in the Philippines and nickel Assets in Vietnam.

Related sector context

Copper-gold porphyry projects are assessed through pre-feasibility studies, and nickel refinery projects in Vietnam involve joint development arrangements, as described in the report.

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

Risks to weigh in

The loss widened, with higher share-based payment expenses, and the PFS at Mankayan is at an early stage. Shares priced at $0.025 can move sharply in either direction.

Catalysts on watch

Items to follow include the Mankayan PFS, progress on Ta Khoa and the AGM.

Final word

Blackstone Minerals (ASX:BSX) traded 10.71% lower during the 26 October 2026 session, while its latest release, dated FY26 annual report, reported a $14.56 million loss and $13.74 million of cash.

FAQs

Q: How did Blackstone Minerals (ASX:BSX) shares trade on 26 October 2026?

A: Shares traded at $0.025, down 10.71%, during the trading session, while the S&P/ASX 200 was up 0.11% at 2:06 pm.

Q: What was Blackstone's (ASX:BSX) FY26 loss?

A: $14,563,290.

Q: What is its main project?

A: The Mankayan Copper-Gold Project in the Philippines.

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