5 ASX Resources Stocks Set To Make an FID (Final Investment Decision) During 2026!

Let’s recap some ASX Resources Stocks Set To Make an FID During 2026! We’ve written articles before outlining companies preparing to release Feasibility Studies, but such studies may show projects are not that feasible at all.

But by the time a company had got to the FID (Final Investment Decision) stage, we know the project is feasible. And when an FID is made, it is the ‘green light’ to commence construction. At such a point, key regulatory approvals are secured, funding is arranged or committed, capex and opex is sufficiently defined, technical viability is looking good and the economics are attractive. As you can see, there’s a lot of work to be done – even Chalice (ASX:CHN) is 2-3 years away from an FID! But some are a lot closer…

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5 ASX Resources Stocks Set To Make an FID (Final Investment Decision) During 2026!

1. Aura Energy (ASX:AEE)

Aura is advancing the Tiris Uranium Project in northern Mauritania, a large, shallow, low-cost uranium deposit that has been positioned for near-term development. The project’s Mineral Resource totals approximately 91.3 million pounds of U₃O₈, with a significant portion defined in the measured and indicated categories under JORC reporting, reflecting extensive drilling and resource expansion work.

The project economics are strong for a uranium development, with a Front End Engineering Design (FEED) study demonstrating a potential 2 million pounds per annum U₃O₈ operation and robust financial metrics including a post-tax NPV of around US$499m and an IRR of 39%, supported by very low operating costs (around US $35/lb AISC) owing to shallow, free-digging mineralisation. That FEED work followed earlier enhanced definitive feasibility study work that confirmed the fundamental economics and development pathway for Tiris.

With exploitation and environmental permits in place and ongoing discussions with debt and offtake partners, Aura Energy is advancing toward a Final Investment Decision expected in the third quarter of 2026.

2. Green Technology Metals (ASX:GT1)

is developing the Seymour Lithium Project in Ontario, Canada, as its flagship deposit within a broader portfolio of hard-rock lithium assets.

The current JORC Mineral Resource Estimate for Seymour stands at around 10.3 million tonnes at ~1.03 per cent Li₂O, with a significant component already in the indicated category, and additional rubidium by-product potential identified. This resource underpins a Preliminary Economic Assessment (PEA) and ongoing Definitive Feasibility Study (DFS) that is targeting detailed engineering, permitting and capital cost refinement ahead of an investment decision.

The company has secured supportive activity including infrastructure funding letters of interest and offtake arrangements, and is actively engaging with government and indigenous stakeholders. The DFS aims to demonstrate a robust development case for a spodumene concentrate operation, with expected annual production and positive economic returns when complete.

Green Technology Metals is progressing the study and project permitting with a target to make a Final Investment Decision in the second quarter of 2026, contingent on completion of detailed feasibility work and financing arrangements.

3. Rox Resources (ASX:RXL)

Rox is preparing to make a strategic investment decision on its Youanmi Gold Project located near Mt Magnet in Western Australia’s Midwest region. Youanmi hosts a JORC-compliant Ore Reserve of approximately 4.4 million tonnes at about 4.8 g/t gold for around 674,000 ounces, with a broader production target of roughly 5.7 million tonnes at ~4.9 g/t containing roughly 900,000 ounces of gold.

The project’s Definitive Feasibility Study (DFS) outlined strong economics including a planned underground and processing operation producing circa 117,000 ounces of gold per annum over an initial mine life, underpinned by robust recovery through the Albion Process with overall gold recoveries exceeding about 90 per cent. The study also highlighted attractive cash flows and existing early works being undertaken in advance of construction.

Rox’s board has signalled confidence in progressing toward construction once funding is secured, and a Final Investment Decision is expected in the first quarter of 2026, with subsequent development and first production planned to follow.

4. Black Rock Mining (ASX:BKT)

Better late than never, right? Black Rock’s Mahenge project is one of the largest JORC-compliant resources worldwide. The project’s Mineral Resource Estimate stands at approximately 213 million tonnes at 7.8 per cent total graphitic carbon (TGC), supported by Ore Reserves of roughly 70.5 million tonnes at 8.5 per cent TGC, which underpin a multi-decade mine life and modular staged production plan.

The company has completed an enhanced definitive feasibility study (eDFS) that outlines a phased construction and production schedule capable of delivering up to ~340,000 tonnes per annum of 98.5% premium flake graphite concentrate over an approximate 26-year life, with strong economic returns reflected in significant net present value and internal rate of return metrics.

All key environmental approvals and mining licences are in place, and offtake agreements with major partners such as POSCO provide strategic market access and support de-risking of financing.

Black Rock is now progressing detailed engineering, early works and project financing discussions to support commencement of construction once funding is secured, and the company is targeting a Final Investment Decision in 2026 to unlock full construction funding and begin scaling activity.

5. Ausgold (ASX:AUC)

This >$600m company has the Katanning Gold Project which is 275km south-east of Perth. The project encompasses a substantial JORC Mineral Resource of circa 2.44 million ounces of gold, supported by an Ore Reserve of approximately 1.33 million ounces, and has been the subject of a comprehensive and updated Definitive Feasibility Study (DFS) released in late 2025 that significantly enhanced the project’s production profile and financial returns.

The DFS envisages an open pit gold operation with robust economics, including average annual gold production of about 143,000 ounces in the early years, a long mine life, a post-tax NPV in excess of A$1 billion at conservative gold price assumptions and an exceptional internal rate of return. The updated study reflects enhanced mine planning, land acquisitions and refinements that reduce operating costs and leverage strong infrastructure access.

Ausgold is advancing pre-development work, front-end engineering and design, permitting and debt financing as the project moves toward execution. The company aims to secure the necessary financing and approvals to make a Final Investment Decision by mid-2026, enabling construction to proceed and first production in subsequent years.