Key Highlights

  • Geopacific Resources (ASX:GPR), AusQuest (ASX:AQD) and Sarytogan Graphite (ASX:SGA) touched 52-week lows during the 26 October 2026 session.
  • Geopacific signed an $8 million unsecured bond Facility with Deutsche Balaton AG.
  • Sarytogan's DFS reports a pre-tax NPV8 of US$132.7 million, and AusQuest received permits for 20 more drill pads in Peru.

Geopacific Resources Limited (ASX:GPR) traded at $0.024, down 20.00%, AusQuest Limited (ASX:AQD) traded at $0.03, down 11.77%, and Sarytogan Graphite Limited (ASX:SGA) traded at $0.057, down 9.52%, after each touched a 52-week low during the Trading session on 26 October 2026. Geopacific is a gold developer focused on the Woodlark Gold Project in Papua New Guinea, AusQuest explores the Cangallo copper-gold project in Peru, and Sarytogan develops a graphite project and explores for copper in Kazakhstan.

Geopacific: Bond Facility Announced on 23 October 2026

Geopacific entered into a Bond Subscription Agreement with Deutsche Balaton AG, a 47% shareholder, for $8 million of unsecured funding through four bearer bonds issued at its election. The bonds are issued at 96.5% of face value, or $7.72 million in total, carry 15% interest per annum payable at Maturity and mature on 30 June 2027.

Funds will support project planning and financing work at Woodlark, which holds a 1.98 million ounce resource, as the company moves towards a Final Investment Decision. The company cites a feasibility study forecasting over 100,000 ounces a year and a project finance and partnering process that remains ongoing.

The company cites a feasibility study forecasting production above 100,000 ounces a year at all-in sustaining costs below A$2,000 per ounce, a post-tax NPV of A$1.3 billion, an IRR of 50.6% and an 18-month payback. Argonaut and Taylor Collison were appointed in January 2026 to run a project finance and strategic partnering process that is still under way.

AusQuest: Stage 4 Permits at Cangallo

On 20 October 2026 AusQuest announced permits for 20 additional drill pads at its 100% owned Cangallo project. Stage 4 RC drilling is designed to test up to one kilometre south of current drilling, on sections 250 to 300 metres apart, where earlier rock chips returned up to 1.0% copper and anomalous gold and molybdenum.

Access preparations will begin as soon as possible, with drilling planned for later this year subject to rig and crew availability.

Earlier rock-chip samples in the southern area returned up to 1.0% copper and 68 parts per million molybdenum within outcropping volcanics and narrow porphyritic dykes, with several anomalous gold values sometimes above 1.0 gram per tonne. A CSAMT geophysical survey also points to possible extension of mineralisation to the south.

Sarytogan Graphite: Quarterly Report and DFS

Sarytogan's quarterly report, released on 26 October 2026, summarises a DFS published on 21 October for a 50,000 tonne per annum Upstream project, with capex of US$80.5 million, operating cost of US$364 per tonne, an IRR of 19.8% and a 14.5 million tonne Ore Reserve at 29.1% total graphitic carbon. Cash was A$1,015,000 at 30 September, and a three-day trading suspension linked to a prospectus rectification was lifted before trading resumed on 26 October.

The Ore Reserve is drawn from a 225 million tonne resource at 29.2% total graphitic carbon, and the company says 8.5 million tonnes of the higher-grade component are scheduled over a nominal mine life of more than 50 years. Three diamond holes totalling 1,000 metres at the Ilksan copper prospect intersected porphyry copper mineralisation from surface.

About the Companies

Geopacific Resources Limited (ASX:GPR): Geopacific Resources is a Claremont-based gold developer whose Woodlark Gold Project in Papua New Guinea carries a 1.98 million ounce resource. Deutsche Balaton AG, a member of the Deutsche Balaton Group, holds 47% of the company.

AusQuest Limited (ASX:AQD): AusQuest is a Perth-based explorer whose Cangallo Porphyry Copper-Gold Project in Peru is 100% owned. Earlier RC and diamond drilling defined a copper footprint over about 1.5 kilometres of strike, reported in February and March 2026.

Sarytogan Graphite Limited (ASX:SGA): Sarytogan Graphite is developing a graphite project and exploring the Baynazar copper project in Kazakhstan. It has been engaging dozens of potential offtake customers across battery, steel, foundry and brake markets, whose identities are protected by confidentiality agreements.

Risks Across the Three Companies

Geopacific's bonds fall due on 30 June 2027 and its Final Investment Decision is still pending. AusQuest's southern target is supported by surface and geophysical data, and drilling timing depends on rig availability. Sarytogan has about A$1.0 million of cash against project Capital of US$80.5 million and has offtake and financing discussions to complete.

Catalysts on Investors' Radar

Geopacific's finance and partnering process, AusQuest's access preparations and Stage 4 drilling, and Sarytogan's product qualification, offtake and Downstream DFS are the items each company identifies.

Final Perspective

All three companies touched 52-week lows in a session that followed funding, permitting and study announcements. Each has a stated next step, but none has a fixed completion date.