Western Australian Gold Explorers Drop: MBG, PGD and M79 Shares Lower

Sonal Goyal

10 November 2026 07:04 PM AEDT

Western Australian Gold Explorers Drop: MBG, PGD and M79 Shares Lower

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Key highlights

Peregrine Gold (ASX:PGD) fell 15.39% to $0.110 during the trading session.
MB Gold (ASX:MBG) dropped 10.00% to $0.180, and Mammoth Minerals (ASX:M79) fell 8.00% to $0.023.
The S&P/ASX 200 rose 1.34% over the same session.

Three gold explorers with projects in Western Australia traded lower during the 10 November 2026 trading session, while the S&P/ASX 200 was higher by 1.34%, or 121.20 points, at 9,150.90. MB Gold Ltd (ASX:MBG), Peregrine Gold Ltd (ASX:PGD) and Mammoth Minerals Ltd (ASX:M79) each reported quarterly updates for the September 2026 quarter. Their sections below cover the latest results and share price moves.

MB Gold Ltd (ASX:MBG)

MB Gold shares fell 10.00% to $0.180 during the session. Its quarterly report, released on 28 October 2026, covered the Marble Bar Gold Project in the Pilbara. Results from Twin Veins East included 2 metres at 6.73 g/t gold from 39 metres, with 1 metre at 13.12 g/t within it.

The company also reported a dipole-dipole induced polarisation survey that identified multiple chargeability anomalies, and said Phase 2 drilling has been completed, targeting extensions at Twin Veins and maiden holes at Razorback. Cash stood at $4.84 million at 30 September 2026.

Peregrine Gold Ltd (ASX:PGD)

Peregrine shares were down 15.39% at $0.110 during the session. Its quarterly report, released on 26 October 2026, said a Mining Lease application covering about 202 hectares was lodged over the Capricorn Prospect, where 61 palaeogravel channel samples were taken.

The company completed a $2.25 million Capital raising after the quarter, and it reported a gold anomalous zone of about 800 metres by 1,000 metres at Pilgangoora North. Ethnographic and archaeological surveys are under way in preparation for reverse circulation drilling.

Mammoth Minerals Ltd (ASX:M79)

Mammoth shares fell 8.00% to $0.023 during the session. Its Quarterly Report for the period ending 30 September 2026 included Buster Gold Trend drilling results, including 10.67 metres at 3.76 g/t gold from 198.2 metres, with 4.6 metres at 6.86 g/t within it.

A maiden RC program at Blue Dick has completed 23 holes, with multi-element assays due in the December quarter. Rock chip sampling at the Imperial Prospect returned up to 22.1 g/t gold and silver grades of up to 1,631 g/t.

Final Word

Each of the three explorers reported progress on its own project, and each share price moved separately during the session. The next assay and drilling updates will provide the latest information on all three.

FAQs

Q: What was the best gold result at MB Gold's Twin Veins East?

A: The best reported interval was 1 metre at 13.12 g/t gold from 40 metres.

Q: How much did Peregrine raise after its quarter?

A: It completed a $2.25 million capital raising after the quarter ended.

Q: When are Mammoth's Blue Dick results due?

A: The company expects multi-element assays in the December quarter.

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