Key highlights
- KOB touched a 52-week low on 21 October 2026 and closed at $0.023, down 11.54% for the day.
- A 14 October 2026 release reported 29 m at 1.2% Sn, 0.36% Cu, 0.017% WO3 and 22 g/t Ag from 111 m in hole MGRC011.
- Follow-up drilling at Gilmore is targeted before year end.
Koba Resources Ltd (ASX:KOB) shares touched a 52-week low during the Trading session on 21 October 2026. The closing price as of 21 October was $0.023, down 11.54% for the day. Koba Resources is a Subiaco-based explorer with tin-tungsten projects in North Queensland.
What Koba Resources does
Koba Resources Limited explores the Mt Garnet Tin-Tungsten Project and the Stannary Hills Tin-Tungsten Project in North Queensland.
Maiden drilling at Mt Garnet
In an ASX release dated 14 October 2026, Koba reported thick high-grade tin in its maiden RC drilling around the historical Gilmore Mine, which produced 26,169 tonnes at 7.6% Sn. Hole MGRC011 returned 29 m at 1.2% Sn, 0.36% Cu, 0.017% WO3 and 22 g/t Ag from 111 m, including 15 m at 2.0% Sn from 117 m and 2 m at 6.3% Sn from 126 m, and MGRC013, 230 m to the east, returned 5 m at 0.58% Sn from 9 m.
At the Stannex Prospect, about 1 km northeast, 21 initial broadly spaced holes intersected mineralisation over 2 km of strike, including 3 m at 0.67% Sn and 10 m at 0.25% Sn. Follow-up infill and extensional drilling is being advanced, and earthworks have started at Stannary Hills ahead of maiden drilling at the Kitchener and Jiminy Prospects.
Sector context
Exploration-stage resource companies do not generate production revenue, and their share prices can move sharply on drilling results, funding news and Commodity sentiment.
Risks and uncertainties
Drill intercepts are down-hole widths and do not establish a resource, results at Stannex were lower grade, and the share price of about 2.3 cents moves in large percentage steps. Closing prices on a single day are not the same as the 52-week high or low price, and a 52-week extreme does not indicate where a share price will move next.
Catalysts to watch
Items to watch include follow-up drilling at Gilmore before year end, maiden drilling at Stannary Hills and assays.
Closing perspective
Koba’s 14 October 2026 release reported thick high-grade tin intercepts at Gilmore. Follow-up drilling will test the extent.
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