Micro Cap Companies on ASX with Potential to Rise in 2026
Strike Energy Limited (ASX: STX)
Strike Energy Limited (ASX: STX) released its Q2 FY26 Quarterly Activities Report on 29 January 2026 delivering THE steady operational update with clear progress across both production and development.
The South Erregulla 85 MW Peaking Gas Power Project reached 72% completion and remains on track for October 2026 commissioning positioning the company well to benefit from tightening power market conditions in Western Australia.
At Walyering, production stood at 1.59 PJe generating ~$16.6 million in gas sales at an average realised price of ~$7.36/GJ.
Management strategically reduced own production and relied on the third-party gas purchases to optimise reliability and margins.
The gas introduction at South Erregulla in Q2 CY26 and the planned Walyering West-1 drilling provide upside to supply and cash flows.
Strike enters the next phase with improving asset readiness, disciplined capital deployment and a supportive market backdrop.
Zinc of Ireland NL (ASX: ZMI)
Zinc of Ireland NL (ASX: ZMI) delivered a steady Q4 CY25 update on 29 January 2026 with the quarter largely focused on data interpretation and portfolio optimisation rather than active fieldwork.
At the Rathdowney Trend in Ireland the company continued integrating geophysical and geochemical datasets across its 23-licence landholding laying the groundwork for future drill targeting around the Kildare deposit.
In Western Australia, drilling at the Mt Clere Project intersected broad sulphide halos within prospective stratigraphy supporting the geological model and keeping follow up geophysical reinterpretation and drilling under consideration.
The Murchison Gold Project remains pending licence approval with early-stage studies indicating potential along the Big Bell fault extension.
Looking ahead the company’s near-term outlook centres on refining targets, independent reviews of geophysical models and disciplined capital management while continuing to evaluate complementary projects to enhance portfolio optionality.
Stellar Resources limited (ASX: SRZ)
Stellar Resources limited (ASX: SRZ) latest announcement dated 5 February 2026 marks an important step forward for the Heemskirk Tin Project.
The company received consent to apply for a Mining Licence over land adjacent to Heemskirk securing a suitable site for the Tailings Storage Facility and strengthening the project’s development pathway.
This approval supports ongoing Prefeasibility Study work which is progressing toward completion in H1 2026.
In parallel the company is evaluating nearby infrastructure options including the Avebury Nickel Plant which could lower capital intensity and accelerate timelines.
The updated resource estimates at Queen Hill and Severn combined with favourable tin market dynamics position Stellar well to advance Heemskirk toward production.
This announcement reinforces execution momentum and improves visibility on permitting, infrastructure readiness and medium-term growth.
(Source: Company Announcements)
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