Right Resources Quarterly Activities Report - 30 June 2026
Key points
- Independent analysis supports presence of a RIRGS, indicating a potentially significant new metallogenic province
- High-grade tungsten mineralisation identified at Blue prospect with a 0.48% WO3 head grade
- Updated gold results at Pilot project show increased gold grades
- Cash balance of A$3.24M at 30 June 2026, further strengthened by a post-period-end Placement
- Secured A$755,000 non-dilutive R&D Tax Incentive loan facility for FY2026
Full summary
Right Resources Limited (ASX: RRE) has reported significant advancements in its exploration activities for the quarter ended 30 June 2026. The company's work in the Tumbarumba district, New South Wales, has validated the presence of a Reduced Intrusion-Related Gold System (RIRGS), suggesting the emergence of a new metallogenic province. At the Blue tungsten prospect, a bulk surface sample returned a composite metallurgical head grade of 0.48% WO3, with high-grade rock-chip samples up to 4.3% WO3. At the Pilot gold project, re-assay of drill holes using the large-mass PhotonAssay method has refined and upgraded gold results. The company's financial position was strengthened by a post-period-end Placement that raised approximately A$2.7 million, supported by major shareholders. Additionally, Right Resources secured a A$755,000 non-dilutive R&D Tax Incentive loan facility for FY2026.
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