Rincon Resources (ASX:RCR), Raptor Metals (ASX:RAP) and Almasar Minerals (ASX:AMK): What Are the Latest Exploration Steps?

Sonal Goyal

06 November 2026 09:25 PM AEDT

Rincon Resources (ASX:RCR), Raptor Metals (ASX:RAP) and Almasar Minerals (ASX:AMK): What Are the Latest Exploration Steps?

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Key Highlights

Rincon Resources (ASX:RCR) finished the 6 November 2026 session at $0.013, up 30.00%, with 27 drill holes completed at Hasties.
Raptor Metals (ASX:RAP) finished at $0.017, up 13.33%, after indicative pXRF readings at Arunta.
Almasar Minerals (ASX:AMK) finished at $0.21, up 10.53%, with geophysics planned for the fourth quarter of calendar 2026.

During the Trading session on 6 November 2026, Rincon Resources Limited (ASX:RCR) finished at $0.013, up 30.00%, Raptor Metals Limited (ASX:RAP) finished at $0.017, up 13.33%, and Almasar Minerals Limited (ASX:AMK) finished at $0.21, up 10.53%. The S&P/ASX 200 fell 0.49% to 9,020.80 over the same session. Each company is an exploration Business at an early stage of drilling, sampling or geophysical work.

Rincon Resources Limited (ASX:RCR)

Rincon's Quarterly Report of 26 October 2026 said 27 holes totalling 3,267 metres had been completed at Hasties, with assay results pending, and that 235 rock chip samples are awaiting results.

Raptor Metals Limited (ASX:RAP)

Raptor's announcement of 5 November 2026 reported high indicative copper readings from rock chip samples at Home of Bullion and Prospect D. The company noted these are not laboratory assays, and that an existing resource of 3.1 million tonnes sits at Home of Bullion.

Almasar Minerals Limited (ASX:AMK)

Almasar's quarterly report of 27 October 2026 described five granted licences covering about 420 square kilometres, and ground geophysics planned for prioritised areas in the fourth quarter, followed by auger sampling. Cash was A$10.2 million.

Sector Context

Early-stage explorers rely on sampling, geophysics and drilling to define targets, and results can take weeks or months to confirm. Copper and gold prices affect investor interest across this group, while permitting and access conditions can shape timetables.

Risks to Watch

Rincon's assay results are pending and may not confirm the Hasties mineralisation. Raptor's pXRF readings are indicative and selective. Almasar's geophysics and sampling results are not yet available, and exploration spending will draw on its cash.

Catalysts on Watch

Investors will be watching for Rincon's Hasties and rock chip assays, Raptor's laboratory assays and any follow-up drilling at its untested IP anomalies, and Almasar's geophysics results in the fourth quarter.

FAQs

Q: How many holes were drilled at Hasties?

A: 27 holes totalling 3,267 metres by the end of the September quarter.

Q: Are Raptor's readings laboratory assays?

A: No. The company describes them as indicative pXRF readings.

Q: What is the size of the Home of Bullion resource?

A: A March 2023 JORC Mineral Resource of 3.1 million tonnes at 2.9% copper equivalent.

Q: How much cash does Almasar hold?

A: A$10.2 million at 30 September 2026.

Q: How did the three shares move on 6 November 2026?

A: Rincon rose 30.00% to $0.013, Raptor rose 13.33% to $0.017 and Almasar rose 10.53% to $0.21, while the S&P/ASX 200 fell 0.49%.

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