Key Highlights

  • McLaren Minerals shares traded up 10.00% at $0.011 during the 11 November 2026 trading session.
  • The final batch of 2026 drilling assays, from 137 holes, returned a length-weighted average of 4.27% heavy minerals.
  • Mineralisation extends south-west beyond the current Inferred Resource and remains open to the south.

McLaren Minerals Ltd (ASX:MML) shares were trading at $0.011 during the session on 11 November 2026, up 10.00% by late morning. The S&P/ASX 200 (ASX:XJO) was down about 0.06% at 9,123.90 at 12:19 pm. McLaren is an explorer wholly owning a titanium project in Western Australia. On 4 November 2026, the company announced final assay results from its 2026 drilling programme.

 

Final Assay Batch Completes 2026 Program

McLaren said the final assays from its 2026 Mineral Resource Upgrade and Expansion drilling program were received on 4 November 2026. The final batch comprised 137 holes totalling 2,210 metres of sampled interval, with a length-weighted average of 4.27% heavy minerals and no cut-off applied. The company said these results complete reporting of its 2026 drilling program.

 

Extensions Beyond the Current Resource

The company said mineralisation extends south-west, outside the current Inferred Resource, and remains open to the south. Examples included hole MAC773, with 21 metres from surface at 6.35% heavy minerals, and MAC774, with 15 metres from surface at 5.40%. McLaren also reported high-grade intervals from surface in holes including MAC650, with 9 metres at 9.32%.

 

Consistency in the Southern Grid

The southern variography grid showed consistent results, with all 20 holes averaging at least 5.40% heavy minerals over 21 to 24 metres from surface. The company said 34 holes in the final batch averaged at least 5% heavy minerals, including nine holes at 6% or more. One-metre assays reached as high as 14.15% heavy minerals in hole MAC670.

 

Mineral Resource Update Under Way

McLaren said work on the Mineral Resource Estimate update is now under way. The company has not yet released a revised resource, so the updated estimate will be the next point of reference for the project’s size and grade.

 

Sector Context

Heavy mineral sands and titanium projects in Australia are assessed on the grade and Volume of their resources, as well as on their processing and product markets. Exploration-stage companies typically trade on drilling results and resource updates, and small-cap names can move sharply on assay news.

 

Key Risks

McLaren has not yet published an updated resource, and the current estimate may change once the update is completed. Parts of the mineralisation extend outside the existing Inferred Resource, which means additional drilling and modelling are needed before the extension can be classified. The company will also need to fund future work on the project, and titanium and mineral sands markets can move in ways that affect the broader sector.

 

What to Watch Ahead

Investors will be looking for the completed Mineral Resource Estimate update, which will show how the south-western and southern extensions affect the resource base. Further work on the open southern extension will also be relevant to the project’s next phase.

 

Final Word

McLaren’s Trading session on 11 November 2026 followed the company’s final assay results from its 2026 drilling program. The forthcoming resource update will show how the expanded mineralisation affects the size and classification of the McLaren Titanium Project.