Connected Minerals (ASX:CML) Shares Fall as Historical Niobium and Rare Earth Data Is Released

Sonal Goyal

27 October 2026 04:28 PM AEDT

Connected Minerals (ASX:CML) Shares Fall as Historical Niobium and Rare Earth Data Is Released

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Key Highlights

Connected Minerals shares traded at $0.32, down 11.11%, during the 27 October 2026 trading session.
Historical drilling includes 205.5 m at 1.0% Nb₂O₅ from surface in hole SB02.
Hole SB06 returned 227.3 m at 2.0% TREO from surface.

Shares in Connected Minerals Ltd (ASX:CML) were trading at $0.32, down 11.11%, during the 27 October 2026 trading session, while the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Connected Minerals is an ASX-listed explorer that has acquired historical data over the Bailundo Carbonatite Complex. On the same day, the company released an announcement dated 27 October 2026 on historical exploration data.

Historical Drilling (27 October 2026)

In its 27 October 2026 announcement, Connected Minerals said acquired historical data over the roughly 39 km² Bailundo Carbonatite Complex shows 10 diamond holes totalling 3,414 m, of which six were assayed. Intersections include 205.5 m at 1.0% Nb₂O₅ from surface in SB02, including 44.1 m at 2.2% and 24.0 m at 3.0%.

Rare earth intersections include 227.3 m at 2.0% TREO from surface in SB06, including 17.4 m at 5.4% and 1.3 m at 11.2%, 121.3 m at 2.4% TREO in SB03 and 118.4 m at 2.2% in SB04.

Surface Data and Unassayed Core

About 1,534 m of historical drilling remains unassayed, including four entire holes. Historical surface sampling comprises 1,089 soil and 458 rock-chip samples, with 118 soils at or above 0.5% Nb₂O₅ (peak 1.43%) and 339 soils at or above 1.5% TREO (peak 3.36%), some reaching analytical upper limits.

The company said mineralisation extends beyond the weathered profile into less-weathered and fresh rock.

Sector Context

The broader market was higher during the session, with the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Critical minerals developers advance exploration, process work and funding in parallel, and often report acquisitions and government support programs.

Connected Minerals shares were trading at $0.32, down 11.11%, against a benchmark gain of 0.49%, a gap of 11.60 percentage points. The figures are session data recorded while the market was open and can change before the market finishes trading.

Risks

The results are historical data generated by previous parties, and only six of ten holes were assayed. Some historical assays reached upper analytical limits.

What Lies Ahead

The announcement points to assaying of the unassayed core, geological and mineralogical studies and drill targeting at Bailundo.

Closing View

Connected Minerals shares fell during the session on the day it released the historical data, which has not been confirmed by the company’s own drilling.

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