Key Highlights

  • Shares traded at A$0.130 during the 5 November 2026 session, down 7.14%.
  • First RC assays from the Wilfred target returned 23 metres at 2.14 g/t gold from surface.
  • The Phase 1 RC program has been expanded to a fully funded 12,000 metre program.

Shares in Dalaroo Metals Ltd (ASX:DAL) traded at A$0.130 during the Trading session on 5 November 2026, down 7.14% in the early afternoon. The S&P/ASX 200 was up 1.87%, trading near 9,000 points. Dalaroo is a gold explorer with its flagship Bondoukou Gold Ridge Project in Côte d'Ivoire, and it also holds the Blue Lagoon rare earths project in Greenland. Its latest update is a September 2026 quarterly activities report, dated 30 October 2026.

September quarter report released 30 October 2026

Dalaroo reported that maiden RC drilling began at the Wilfred target in September, with four holes completed for 962 metres by quarter end and a fifth in progress. After quarter end, the first RC assays returned 23 metres at 2.14 g/t gold from surface in one hole, and 18 metres at 7.31 g/t gold from 63 metres in another. A five-hole follow-up diamond program of about 1,250 metres at Wilfred was also announced.

The company said its Phase 1 RC program has been expanded to a fully funded 12,000 metre program following its Capital raising. Site preparation has been completed at the Wilfred, Mag and Ali targets, and an auger program of 350 holes was used to finalise RC targets. Downhole intercepts are reported, and true widths are not yet known.

Sector context

At midday, the ASX Materials sector was up 6.34%, while Dalaroo shares moved lower in the session. The Quarterly Report is dated 30 October and is not linked to the 5 November price move.

What to watch ahead

Investors will be following the assays from the remaining Wilfred holes, the follow-up diamond drilling, the completion of the 12,000 metre Phase 1 program and the results from the Blue Lagoon field program.

Risks

Exploration results can vary significantly between drill holes, and downhole intercepts do not always reflect true widths. The Bondoukou project is in Côte d'Ivoire, which brings jurisdictional and operational risks. The company will need to manage its funding as the drilling program progresses, and the shares are low-priced and can be volatile.

Final Word

Dalaroo has reported its first assay results from Wilfred and expanded its Phase 1 drilling program. The share price fell during the session, and the next assays will show how the drilling results develop.