Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
3 ASX Stocks Surge on Exploration Results, Copper Growth and Corporate Updates
Highlights
Several ASX-listed companies recorded sharp share-price gains as investors assessed a mix of exploration results, operational improvements and corporate developments. On 30 September 2026, Brightstar Resources Limited , Cobre Limited and SKS Technologies Group Limited were among the notable market movers.
The announcements provided investors with updates ranging from gold exploration and copper production to upcoming shareholder proceedings.
Stocks in Focus
Deep Drilling Extends Gold Mineralisation
Brightstar Resources announced on 30 September 2026 that deep diamond drilling at the Two Mile Hill deposit, part of its Sandstone Gold Project, had intersected extensive mineralised tonalite with numerous occurrences of visible gold. The company reported that its approximately 3,800-metre extensional drilling programme had been completed, with assays still pending. Both drillholes encountered mineralised tonalite extending up to around 400 metres, with 40 visible-gold occurrences recorded throughout the drilling. The combined Two Mile Hill-Shillington deposit currently contains a Mineral Resource of 24.6Mt at 1.8g/t Au for 1.45 million ounces. Brightstar is also planning to investigate up to ten other potentially comparable felsic intrusives near Two Mile Hill.
Copper Operations Show Improved Performance
Cobre Limited released its 2026 Annual Report on 30 September 2026, highlighting a significant operational shift during the financial year. The company reported that copper cathode production at the Sierra Atacama operation reached 879 tonnes in the June 2026 quarter, compared with 771 tonnes in the March quarter. Leach recovery improved to 76% from 63% in January, while the project generated approximately US$1.62 million in operating cash flow between April and June. Cobre also reduced project-level financing liabilities by approximately US$9.4 million. Its FY27 plans include advancing a 40,000-metre drilling programme, increasing processing capacity and progressing towards greater ownership of Sierra Atacama.
AGM and Director Elections in Focus
SKS Technologies Group announced on 29 September 2026 that its 2026 Annual General Meeting is scheduled for 26 November 2026. Director elections will form part of the AGM agenda, while nominations for director candidates must be submitted by 5:00 pm AEDT on 7 October 2026. SKS provides electrical technology and digital infrastructure solutions across sectors including data centres, defence, mining, healthcare, retail and commercial buildings.
Market Context
The strong movements across the three stocks reflected investor interest in company-specific developments, with exploration results, improving operational metrics and upcoming corporate events providing fresh catalysts for market participants.
Note- All data presented is based on information available at the time of writing.
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