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Bayan Mining and Minerals Limited (ASX:BMM)

ALERT: Price-sensitive ASX Announcement for BMM
Current share price for BMM : $0.054 -0.031 (-36.47%)+
Announcement
Release
4 Jun 2026 8:21AM
Price at Release
$0.085
Full Release
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Summary
Bayan Mining and Minerals Limited has commenced its maiden reverse circulation (RC) drilling program at its Desert Star Rare Earth Project in California, USA. The program aims to evaluate high-grade surface rare earth mineralisation and geophysical anomalies. Spanning up to 1,000 meters, the drilling is designed to test subsurface rare earth element (REE) targets identified through previous surface sampling and integrated geological-mapping efforts. The site is well-prepared with access roads and drill pads completed. The project's strategic location near significant rare earth operations further enhances its potential. Assay results are anticipated by August 2026.
Key Points
  • Maiden drilling at Desert Star Rare Earth Project, California.
  • High-grade surface results up to 6.68% TREO.
  • 1,000 meters of reverse circulation drilling planned.
  • Targets based on surface geochemistry, geological mapping, and geophysical data.
  • Strategic location near MP Materials’ Mountain Pass REE Mine.
  • Drilling to be completed by the end of June 2026.
  • Assay results expected by August 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.