Here are 6 ASX Resources Stocks With Feasibility Studies due in 2026!

This article outlines 6 ASX Resources Stocks With Feasibility Studies due in 2026! The companies mentioned in this article are hitting what are arguably the most pivotal points in their history. Many have existing resources but this will give investors an idea of how much money could be made from the project, as well as how much money it will cost. This milestone can make or break a company.

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6 ASX Resources Stocks With Feasibility Studies due in 2026!

Geopacific Resources (ASX:GPR)

Geopacific has the Woodlark Gold Project, named after the island in PNG’s Milne Bay province that the project is in. According to the most recent scoping study, the project hosts a ~1.6–1.67 Moz Au resource and it was envisioned that it could host a 12-year operation producing 1.14Moz. At a gold price of A$2,900/oz, the study generated a $625m pre-tax NPV, a 40.5% IRR and a payback period of 1.5 years.

A DFS is due in the coming weeks – potentially by the end of 2025 or in early 2026. 2026 could see first detailed mine planning, financing discussions, and possibly path to mine permitting — maybe even a final investment decision depending on outcomes.

Austral Resources (ASX:AAR)

Austral’s Mandilla Gold Project sits in the northern Widgiemooltha greenstone belt, ~70 km south of Kalgoorlie, Western Australia. The most recent MRE, released in April 2025, was 42Mt @ 1.1g/t for 1.43Moz gold (Indicated and Inferred). A 2023 scoping study envisaged a 2.5 Mtpa CIL processing plant feeding ~80–100 koz annual production, with a base-case pre-tax NPV (at A$2,750/oz Au) of A$442 million, and free cash flow over life-of-mine of ~A$740 million (11-year LoM), with payback under a year and pre-production capex ~A$191 million.

The DFS is scheduled for completion by mid-2026, with a Final Investment Decision (FID) targeted for September 2026 quarter, and first gold production aimed by end-2027. There is potential for further upside from expansion of the resource too. Recent RC in-fill drilling at Iris delivered high-grade hits (e.g. 4 m @ 21.3 g/t Au, 2 m @ 12.8 g/t Au) — some of which lie outside the current PFS pit shell, indicating potential to expand mineable ounces.

Brightstar Resources (ASX:BTR)

Brightstar’s portfolio spans three WA hubs: Laverton, Menzies and the growth-oriented Sandstone Gold Project in the Murchison region. The total resources across the group amount to ~ 3.0 Moz gold. It is at Sandstone where the upside lies as this has roughly half of that resource. A PFS is due to be completed in the first half of next year.

Brightstar targets becoming a 200 koz/pa gold producer within 5 years (i.e. by around 2029). Sandstone is the cornerstone for that longer-term growth ambition. Given drilling, metallurgy and approvals are well underway, 2026 will be an important year to watch.

Coda Minerals (ASX:COD)

Coda has the Elizabeth Creek copper-cobalt project in the highly prospective Olympic Copper Belt in South Australia, lying only 100km south of BHP’s Olympic Dam mine. Between all the deposits there, the project has over 1Mt of combined copper equivalent. The most recent scoping study (from 2024) estimated a 15.5-year mine life with pre-tax NPV of A$1.18 billion and IRR of ~35%.

Now it is working on a PFS. This could materially de-risk the project and pave the way for development funding and/or a take-off in the share price akin to what was seen in 2021 when spectacular exploration results were recorded.

Barton Gold (ASX:BGD)

Barton Gold is focused on the Challenger Gold Project, located ~730 km NW of Adelaide, South Australia in the remote SA Gawler Craton area. Challenger was an operating mine from ~2002 to 2018 and has a 650 ktpa CIP gold processing plant, a mill (“Challenger Mill”), a mine village, airstrip, infrastructure and a maintained processing facility. It produced ~1.2Moz historically.

Barton has been trying to revive it. Even though the remnant resource is modest (0.53Mt @ 3.9g/t gold for 65.6koz gold), these are just remnants above and below historical mined zones.BGD is not only looking at “deep re-interpretation” of Challenger, but importantly using the existing Mill (Central Gawler Mill) to process ore from regional deposits. BGD is working on a DFS for restarting the Central Gawler Mill.

Minerals 260 (ASX:MI6)

Minerals 260 was spun out of Liontown in 2021. Its Bullabulling Gold Project is 65 km south-west of Kalgoorlie in WA. Its MRE unveiled in early 2025 was 60Mt @ 1.2g/t equating to 2.3Moz gold. But following an aggressive 2025 drilling program (90,650 m across many holes), the company announced in December 2025 that the contained gold resource has doubled to ~4.5 Moz Au.

The company is working on a Pre-Feasibility Study (PFS), expected mid-2026. First production target is “late 2028.” Moreover, the resource remains open at depth and along strike, with multiple targets for extension — giving scope beyond the current 4.5 Moz.