Down 71.52%: How Far Has Bellavista Resources (ASX:BVR) Fallen?

Sonal Goyal

22 October 2026 09:23 PM AEDT

Down 71.52%: How Far Has Bellavista Resources (ASX:BVR) Fallen?

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Key highlights

Bellavista Resources (ASX:BVR) shares were priced at $0.22 as at 4:10 pm GMT+11 on 22 October 2026, down 22.41% on the day, with the data showing a fall of 71.52%.
On 22 October 2026 the company reported first assays from its maiden Pickle Crow drilling program, including 12.2 m at 2.6 g/t gold from 116.0 m.
The program is testing open pit potential within the top 260 m of a resource containing 1 Moz of gold at 4.1 g/t.

Bellavista Resources Ltd (ASX:BVR) shares were priced at $0.22 as at 4:10 pm GMT+11 on 22 October 2026, down 22.41% (down $0.065) on the day, and the share performance data shows a fall of 71.52% without stating the period. Bellavista is an exploration company with the Pickle Crow Gold Project in Ontario, Canada. On 22 October 2026, the same date, it released the first assay results from its initial drilling program at Pickle Crow.

About Bellavista Resources Ltd: Business overview

Bellavista Resources Limited is an exploration company focused on the Pickle Crow Gold Project in Ontario, Canada, which it acquired from former owner Firefly Metals (ASX:FFM). The project has a total Inferred Mineral Resource of 2.8 million ounces at 7.2 g/t gold, and Bellavista is drilling to assess near-surface open pit potential.

First assays from the maiden drilling program (22 October 2026)

Bellavista reported first assay results from its initial drilling on the western fringes of Zone 1 at Pickle Crow, showing shallow gold mineralisation. Results include 12.2 m at 2.6 g/t gold from 116.0 m in BVRDD0024, 3.4 m at 4.0 g/t gold from 43.2 m, including 0.8 m at 15.0 g/t, in BVRDD0015, and in BVRDD0004 8.3 m at 1.6 g/t from 30.1 m and 6.8 m at 1.1 g/t from 45.0 m.

The company said drilling to date has intersected gold from about 10 m to 120 m below surface, and that the results cover about 800 m of the approximately 2,500 m strike of the current resource.

Open pit strategy and drilling plans

The drilling is intended to test the top 260 m of an existing near-surface resource that contains 1 Moz of gold at 4.1 g/t, at a 0.5 g/t cut-off, within the total Inferred Mineral Resource of 2.8 Moz at 7.2 g/t. Several holes intersected mineralisation beneath and outside pit shell optimisations produced for the resource by Firefly in 2023 at a gold price of US$1,850 per ounce.

The company said recent drilling confirms that historical Mining ignored quartz-hosted gold below a cut-off grade of about 8 g/t and mineralisation hosted in banded iron formation and porphyry. Two rigs are operating, with drilling planned for the rest of calendar 2026 and into 2027.

Related sector context

Exploration-stage mining companies do not generate production revenue, so their share prices tend to follow drilling results, funding news, project milestones and Commodity sentiment. Shares of small explorers can move by large percentages on modest trading volumes, and the companies typically report through ASX announcements and quarterly activity reports that cover drilling, geological interpretation, cash balances and planned work programs.

Risks to weigh in

Drill intersections are downhole lengths and true widths are not known, and results from one part of a deposit may not apply elsewhere. Resource estimates are inferred, pit shell optimisations depend on assumed gold prices, and exploration companies depend on funding for continued drilling. Share prices of small exploration companies can fall or rise sharply, and the data supplied does not identify the period of the 71.52% decline.

Catalysts on watch

Assay results from further holes in Zone 1 and Zone 3 as drilling continues.

Any updated resource estimate or pit optimisation work.

Funding announcements and progress through calendar 2026 and into 2027.

Closing perspective

Bellavista’s share performance data shows a large decline and a further fall on the day, while its same-date announcement presents early drilling results at Pickle Crow. Continuing assays will show how the near-surface mineralisation develops.

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