Pivotal Metals (ASX:PVT) Shares Rise 9% Today as Belleterre Drilling Advances

Sonal Goyal

30 October 2026 11:54 AM AEDT

Pivotal Metals (ASX:PVT) Shares Rise 9% Today as Belleterre Drilling Advances

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Shares traded at $0.012, up 9.09%, during the Trading session on 30 October 2026, the same day as the exploration update.
Reinterpreted historic IP surveys identified a 1.4 kilometre untested trend extending from the LaForce copper-nickel occurrence.
Assays from the first three of five holes at Lorraine Mine East, totalling 612 metres, were received, with the remaining two due by early December.

Pivotal Metals Ltd (ASX:PVT) shares traded at $0.012 during the trading session on 30 October 2026, rising 9.09%. The S&P/ASX 200 (ASX:XJO) was at 8,973.00, up 0.91% or 81.20 points at 11:15 am. Pivotal is developing the Horden Lake copper project and the Belleterre copper-nickel-platinum group metals project in Quebec, Canada. Its exploration update was released on the same day as the share move, so this article discusses the two together.

Latest Development: LaForce IP Trend (30 October 2026)

Pivotal digitised and reinterpreted three historic induced polarisation surveys at LaForce, identifying a coherent south-southwest trending anomaly that extends about 1.4 kilometres from the known copper-nickel occurrence. Historic drilling returned 102.7 metres at 0.39 per cent copper and 0.76 per cent nickel from 1.3 metres, including 9.5 metres at 1.0 per cent copper and 1.59 per cent nickel. The company said the anomaly remains untested by drilling.

Pivotal plans additional FLTEM surveys to investigate the depth extent of mineralisation below the chargeability anomaly before drilling to test the footwall position.

Lorraine Mine East and Bambino

At Lorraine Mine East, five holes totalling 988 metres were completed to test five of 11 IP targets. Assays are available for the first three holes, totalling 612 metres, with individual results up to 0.33 per cent copper, 0.14 per cent nickel and 2.5 grams per tonne silver. Holes 26-PIV-12 and 26-PIV-13 were drilled 800 metres further east, and assays are being processed.

At the Bambino project, a 60 line-kilometre IP survey over 7 kilometres of strike is about to commence, designed to test copper soil anomalies and generate new drill targets around historic Delphi, Patry and Zullo occurrences.

Sector Context

The Belleterre-Angliers Greenstone Belt in western Quebec hosts several historic copper-nickel and platinum group metals occurrences, along with past-producing mines. Companies exploring the district are assessed on the continuity of mineralisation and access to infrastructure, and the company notes nearby milling and smelting facilities and hydropower.

Risks

Most of the reported results are early-stage drilling and geophysical targets rather than resource estimates. The highest assay values reported from Lorraine Mine East are low grade. The Horden Lake resource of 52.4 million tonnes at 1.05 per cent copper equivalent is based on inferred and indicated material, and the company's cost assumptions may change. Share prices at this level are very low in absolute terms.

What Lies Ahead

Assays from the remaining two Lorraine Mine East holes are expected by early December 2026. The Bambino IP survey is about to begin, and further FLTEM and drill targeting at LaForce are planned.

The Bottom Line

Pivotal's shares rose 9.09% during the 30 October 2026 session, the same day it reported a 1.4 kilometre geophysical trend at LaForce and early drilling results from Lorraine Mine East. The remaining assays and the Bambino survey will show whether the targets develop into drill-ready prospects.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.