Lithium and Gold Explorers Lower: Green Technology Metals, EverGold and Koonenberry

Sonal Goyal

03 November 2026 04:30 PM AEDT

Lithium and Gold Explorers Lower: Green Technology Metals, EverGold and Koonenberry

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Key Highlights

Green Technology Metals (ASX:GT1) fell 11.11% to 1.6 cents during the 3 November 2026 session.
EverGold (ASX:EG1) traded at 2.1 cents, down 8.70%, and Koonenberry Gold (ASX:KNB) traded at 1.8 cents, down 10.00%.
All three companies released quarterly reports in late October, none dated 3 November.
The S&P/ASX 200 eased about 0.12% to 8,846.20 in the same session.

Three explorers slip on the same day

Three ASX explorers finished lower in the 3 November 2026 session. Green Technology Metals Ltd (ASX:GT1) fell 11.11% to 1.6 cents, EverGold Minerals Ltd (ASX:EG1) dropped 8.70% to 2.1 cents and Koonenberry Gold Ltd (ASX:KNB) slipped 10.00% to 1.8 cents. The S&P/ASX 200 eased about 0.12%, or 10.30 points, to 8,846.20 over the same session. The companies are exploring for lithium, gold and gold-copper in Ontario, Western Australia and New South Wales.

Green Technology Metals (ASX:GT1)

GT1's quarterly report, released on 29 October 2026, said it received a Statement of Completion for the Environmental Assessment of its Seymour lithium project. It also reported a C$500,000 Ontario grant and cash of $7.8 million at 30 September. The Mine Closure Plan is targeted for filing in 2026.

EverGold Minerals (ASX:EG1)

EverGold's quarterly report, released on 23 October 2026, reported maiden RC drilling at Duchess of York with 25 metres at 3.47 grams per tonne gold from 3 metres. A maiden resource is targeted for early 2027, and cash was $2.8 million at 30 September.

Koonenberry Gold (ASX:KNB)

Koonenberry's September quarter report, released on 29 October 2026, said maiden drilling at Dunedoo completed seven holes for 1,412.95 metres, with assays expected in the December quarter. The company also completed its Gundagai Acquisition and began drilling at Wilga Flats.

Sector context

Lithium developers in Canada are working through permitting, while gold explorers in Australia are testing near existing mines. Explorers in both areas depend on drilling results and funding before resource or development decisions.

Risks

GT1's feasibility study timing depends on the Mine Closure Plan filing. EverGold's resource depends on further drilling, and Koonenberry's Dunedoo and Junee results are still awaited. Each company's exploration may not confirm economic deposits.

What to watch next

Investors will be looking for GT1's Mine Closure Plan filing, EverGold's resource drilling and Koonenberry's December quarter assays.

The Final Word

The three explorers traded lower on 3 November 2026. Their latest reports covered permitting, drilling and acquisitions, with the key results still to come.

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