Key Highlights

  • Daly Resources shares traded at $0.105, down 8.70%, during the 27 October 2026 trading session.
  • An independent ERM review defined 22 targets at the Batten Project, eleven ranked Priority 1.
  • Hot Spring is the near-term focus, with soil sampling complete and drilling approval in place.

Shares in Daly Resources Ltd (ASX:DLY) were trading at $0.105, down 8.70%, 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. Daly Resources is an ASX-listed explorer with the 100%-owned Batten Project in the Northern Territory. The company’s most recent update, dated 13 October 2026, covered an independent regional review by ERM.

ERM Regional Review (13 October 2026)

In its 13 October 2026 announcement, Daly said ERM completed an independent assessment of the 1,124 km² Batten Project by re-examining decades of historical data. The review defined 22 targets prospective for McArthur River-style zinc-lead-silver mineralisation, eleven ranked Priority 1, and concluded the Batten Trough remains under-explored. Several priority targets have never been drill tested.

The priority targets combine conductive responses in historical airborne electromagnetic surveys with pathfinder geochemistry and sub-basin geology.

Hot Spring and Berjaya Corridor

ERM endorsed Hot Spring as the priority target, with soil sampling completed, results expected in coming weeks and environmental approval for drilling in place. A new target area at the roughly 12 km Berjaya corridor, a belt of AEM conductors at the Barney Creek Formation position, is the second district-scale target.

Daly geologists are field-checking priority regional targets.

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. Zinc-lead explorers in the McArthur Basin region typically review historical data and conductors before drilling priority targets.

Daly Resources shares were trading at $0.105, down 8.70%, against a benchmark gain of 0.49%, a gap of 9.19 percentage points. The figures are session data recorded while the market was open and can change before the market finishes trading.

Risks

The targets are interpretations of historical data, and several have never been drilled. Soil results at Hot Spring are still pending.

What Lies Ahead

The announcement points to Hot Spring soil results in coming weeks, field checks at the Berjaya corridor and drill planning.

Closing View

Daly shares fell during the session. The latest update describes a desktop review and field follow-up at an early exploration stage.