Key Highlights
- Jacaranda Natural Resources shares rose 14.29% to $0.160 in the 3 November 2026 trading session, while the S&P/ASX 200 gained 0.14%.
- Up to 2.0% copper was returned from rock chip samples at the Tlou trend, with 12 of 23 samples above 1% copper.
- Maiden drilling at Motloutse is targeted between December 2026 and February 2027, subject to approvals.
During the Trading session on 3 November 2026, Jacaranda Natural Resources Ltd (ASX:JRL) shares rose 14.29% to $0.160. The S&P/ASX 200 (ASX:XJO) was up 0.14%, or 12.50 points, at 8,869.00 at 2:42 pm (GMT+11) on the same day. Jacaranda Natural Resources is exploring the Motloutse Project in Botswana. Its latest announcement, dated 2 November 2026, reports rock chip results from its maiden Motloutse program.
Rock chip results
Assays from 23 rock chip samples confirmed copper at all six historical pits sampled, along the Tlou trend. Samples reached up to 2.0% copper, and 12 of 23 samples were above 1% copper.
New copper trend
Mapping by the field team identified a previously unexplored copper trend at Tlou. The trend was traced for approximately 50 metres along a near north-south structure, with rock chips of up to 2.0% copper.
Historical pits
Samples from five other historical pits, including Mongana, Ngwato, Kingsley, Bull and Janelle, returned up to 1.4% copper. The company said this confirms copper at surface across an area of about 1.4 kilometres by 1.0 kilometre.
Sector context
The S&P/ASX 200 gained 0.14% during the session. The announcement describes the project in terms of its own exploration results.
Risks
The results are rock chip samples, which the company says are selective and may not represent the mineralisation across the project. Drilling is subject to environmental and other statutory approvals, which could delay the timetable.
What lies ahead
The rig is expected to move to Motloutse after phase one drilling at Globe. Maiden drilling is targeted between December 2026 and February 2027.
Final Word
The announcement focuses on surface sampling results and the drilling timetable.





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