News

9 July 2026 | Western Australia - Cyprium Metals has reported extensive copper mineralisation within the waste dump at its Nifty Copper Complex in Western Australia’s Paterson region.

The results come from a recent reverse circulation drilling program targeting visible copper mineralisation within the historical waste dump, located adjacent to the former oxide open pit.

Cyprium said the drilling identified a main mineralised zone over approximately 750m by 250m, with extensions to the mineralisation expected. The company said further drilling will be required to fully define and infill the mineralised zone.

Key results include:

• 9m at 1.00% copper from surface, including 4m at 1.83% copper
• 7m at 1.11% copper from surface, including 3m at 1.55% copper
• 9m at 0.80% copper from surface, including 2m at 1.56% copper
• 7m at 1.03% copper from surface, including 3m at 1.71% copper
• 7m at 0.90% copper from surface, including 3m at 1.50% copper

The drilling program included 133 holes for 2,697m across the main waste dump area, with holes drilled on a 40m by 40m grid and central areas infilled to 20m by 20m.

Cyprium also completed 38 scout holes for 797m along accessible haul roads, with several results requiring follow-up testing.

Executive Chairman Matt Fifield said the discovery of mineralised zones within the historical open pit waste dump was another positive outcome as the company advances work at Nifty.

He said material considered waste or low grade in the 1990s may now have potential economic value under current copper market conditions, equipment capability and technology.

Why it matters: Cyprium is working toward a phased restart of the Nifty Copper Complex. The Phase 1 Cathode Restart involves re-leaching existing above-ground heap leach pads and refurbishing the solvent extraction electrowinning plant to support initial copper cathode production capacity.

The waste dump mineralisation could provide a potential future source of oxide copper feed to the refurbished heap leach and SXEW circuit. Cyprium said the mineralised material is located around 1.2km from the existing heap leach pads via existing haul roads.

This is important because the material is already above ground, potentially making it a lower-cost feed source if metallurgical test work confirms suitable leaching performance.

Cyprium said the Nifty open pit operated between 1993 and 2003, when copper prices were below US$1/lb. The company said visible copper oxide mineralisation, predominantly malachite, is apparent across large sections of the waste dump.

The company is also evaluating broader opportunities to expand cathode production, including near-surface oxide material in the open pit, mineralised zones within the waste dump and potential higher-rate copper recovery from existing pads.

The existing Nifty SXEW plant has two process trains, with the newer “B Train” currently being brought online. Cyprium said future expansion would mainly involve refurbishment of additional cells and mixer settlers in the older and larger “A Train”.

Next steps include further drilling in the core waste dump area, follow-up drilling around scout-hole mineralisation, engagement of an external technical consultant to deliver a maiden Mineral Resource Estimate for the waste dump mineralisation, and metallurgical test work focused on ore sorting and acid leachability.

For Western Australia’s copper sector, the results add another potential feed source to the Nifty restart strategy and highlight the value of reassessing historical material under today’s copper market conditions.

Source: Cyprium Metals ASX announcement, “Drilling Identifies Extensive Copper Mineralisation Within Nifty Waste Dump”, 9 July 2026.

6 July 2026 | Western Australia - Genesis Minerals has delivered a binding proposal to merge with Vault Minerals, in a move that could create one of Australia’s largest gold producers.

Under the proposed scheme of arrangement, Vault shareholders would receive 0.7629 new Genesis shares plus A$0.475 in cash for each Vault share held. Based on Genesis’ closing share price on 3 July 2026, the offer implies total consideration of A$5.27 per Vault share, valuing Vault at approximately A$5.6 billion.

If completed, Genesis shareholders would own approximately 59.8% of the enlarged group, with Vault shareholders owning the remaining 40.2% on a fully diluted basis.

Genesis said the combined group would have a pro-forma market capitalisation of approximately A$12.6 billion, annual gold production of 600,000 to 700,000 ounces, pro-forma Mineral Resources of 33.6Moz and pro-forma Ore Reserves of 9.4Moz.

The company also said the enlarged Genesis Group would hold approximately A$611 million in pro-forma net cash, supporting growth initiatives and potential shareholder returns.

Genesis said Vault’s board has unanimously determined that the proposal constitutes a “Vault Superior Proposal” under Vault’s existing Scheme Implementation Deed with Regis Resources.

Why it matters: The proposed merger would create a major Western Australian gold producer with dominant exposure to the Leonora-Laverton gold district, one of Australia’s most important gold regions.

Genesis said the combined group would have dominant production status in the +85Moz Leonora-Laverton district, with 100% ownership and control of all operating assets. The company estimates the combined group could produce 400,000 to 500,000 ounces per year from the Leonora-Laverton region alone.

Genesis has also estimated potential post-tax synergies of approximately A$2.0 billion, including around A$1.5 billion over ten years that it says would be unique to a Genesis and Vault combination.

A key part of the rationale is the proximity of the companies’ assets. Genesis said its Tower Hill project is located within about 35km of Vault’s King of the Hills operation, creating potential processing and capital savings. Genesis said Tower Hill ore could potentially be processed through the King of the Hills mill, avoiding the need to build a new Tower Hill mill and expand the Laverton mill.

The company also highlighted potential benefits from processing Genesis ore through the lower-cost King of the Hills mill, unlocking free-milling ore from Genesis’ Bardoc assets through the Mt Monger mill, and reducing open pit mining costs through shared owner-operator mining capability.

The proposal remains subject to a matching rights process. Regis Resources has a five-business-day matching period under its existing agreement with Vault, which expires at 11:59pm AWST on Friday 10 July 2026. Until that process is complete, Genesis and Vault cannot enter into the Genesis Scheme Implementation Deed.

If the Genesis proposal proceeds, the enlarged group would continue to be led by Genesis’ senior management team, with Raleigh Finlayson proposed as Managing Director, Matt Nixon as Chief Executive Officer and Morgan Ball as Chief Financial Officer.

For Western Australia’s gold sector, the proposal highlights ongoing consolidation among major producers, particularly around large-scale, long-life gold districts where processing infrastructure, mine planning and regional exploration can create significant strategic value.

Source: Genesis Minerals ASX announcement, “Genesis Delivers Superior Proposal to Vault”, 6 July 2026.

3 July 2026 | Western Australia - Genesis Minerals has reported a strong business update, with June quarter gold production of 70,767 ounces and continued progress across its Western Australian growth strategy.

The company said its June quarter production supported FY26 gold production in line with guidance, while the business also delivered an underlying cash build of approximately A$258 million.

Genesis has also completed its acquisition of Magnetic Resources, a transaction valued at approximately A$639 million, adding further scale to the company’s Laverton gold portfolio.

The acquisition brings the Lady Julie Gold Project into the Genesis portfolio and supports the company’s broader regional consolidation strategy around Laverton and Leonora.

Why it matters: Genesis is continuing to build one of Western Australia’s larger gold production platforms. The business update points to strong operating cash generation, continued production consistency and further growth optionality through acquisitions, development work and exploration.

Genesis said it is continuing to advance its ASPIRE 500 strategy, which is focused on building the company toward a larger, long-life gold production profile.

The company also highlighted ongoing progress at Tower Hill, which remains a key development project within its growth pipeline. Tower Hill is expected to play an important role in increasing future production and supporting long-term processing flexibility.

Genesis has also increased its FY27 exploration budget to A$80 million to A$90 million, signalling a major commitment to organic growth across its expanded project base.

The company said underground mining services contract transitions had been successfully completed, while safety, production growth and delivery against market commitments remain key priorities.

For Western Australia’s gold sector, Genesis’ update shows continued momentum from a major regional gold consolidator. With strong production, cash generation, a completed Magnetic Resources acquisition and a larger exploration budget, the company is positioning itself for further growth across the Leonora and Laverton districts.

Source: Genesis Minerals ASX announcement, “Business Update”, 3 July 2026.

1 July 2026 | Western Australia - WA Gold has commenced reconnaissance drilling at its 100%-owned Bullabulling Project, located around 30km west of Coolgardie in Western Australia.

The drilling is targeting the interpreted northern continuation of the Bullabulling Shear Zone, the regional structure that hosts the adjacent 4.5Moz Bullabulling Gold Mine owned by Minerals 260.

The initial program comprises 46 aircore holes for approximately 3,680m across eight strategic drill traverses. The program is designed to test priority structural targets beneath transported cover, including areas identified through WA Gold’s recent geological and geophysical review.

WA Gold said the Bullabulling Shear Zone appears to continue north from the Bullabulling Mine corridor into the company’s Bullabulling North tenure. The company said the area has seen little or no effective historical drill testing due to shallow transported cover.

Previous reconnaissance drilling at Bullabulling North has already confirmed near-surface, high-grade gold, including:

• 2m at 18.1 g/t gold from 34m
• 12m at 2.3 g/t gold from 53m
• 4m at 10.12 g/t gold from 32m

WA Gold CEO Ben Pollard said the start of drilling was an exciting milestone for the company, as it begins testing what it believes may be the northern continuation of one of Western Australia’s most prolific gold-bearing structures.

He said the program is designed to test whether the Bullabulling mineralised system extends into WA Gold’s tenure.

Why it matters: Bullabulling is a highly active gold district, with WA Gold’s tenure located next to the multi-million-ounce Bullabulling Gold Mine. The company’s ground covers extensions of the same north-south trending gold belt that hosts the adjacent deposit.

The current program will also follow up anomalous historical drilling, including hole BBRX1586, which ended in gold mineralisation of 5m at 0.12 g/t gold from 40m to end of hole. WA Gold said the hole was never followed up, with no drilling completed further east into the interpreted structural corridor.

The company has also secured support from Goldfields drilling contractor VM Drilling, which has agreed, subject to final documentation, to undertake part of the drilling program in exchange for equity in WA Gold. WA Gold said the arrangement will help maximise exploration activity while preserving cash.

A Sub Audio Magnetics survey is scheduled for the September quarter of 2026 to refine structural targets and guide follow-up drilling.

The company also expects assay results from the first three diamond drill holes from its 2026 Abercromby Gold Project drilling program to be released in the first week of July. These results will be announced separately while reconnaissance drilling continues at Bullabulling.

For Western Australia’s gold sector, the start of drilling at Bullabulling adds another exploration program near a major gold system, with WA Gold aiming to test structural extensions beneath cover and build a second active exploration front alongside Abercromby.

Source: WA Gold ASX announcement, “Drilling Commences at Bullabulling, WA”, 1 July 2026.

30 June 2026 | Western Australia - Catalina Resources has commenced field exploration at its Kirkalocka Gold Project in Western Australia, with a systematic gold-in-soil sampling program now underway.

The program includes approximately 1,500 soil samples across multiple priority target areas and marks the first major field activity following Catalina’s recent technical review of its Mid-West Gold Portfolio.

Catalina said the work is designed to refine historical gold anomalies, assess prospective structural corridors and generate high-quality reverse circulation drilling targets across the Kirkalocka Project.

The company’s technical review confirmed several historical gold mineralised zones, including:

• 6m at 1.38 g/t gold from 27m, including 3m at 1.40 g/t gold
• 6m at 1.79 g/t gold from 42m, including 3m at 3.02 g/t gold
• 1m at 4.66 g/t gold from 34m

Executive Director Ross Cotton said Catalina’s priority has been to rapidly move Kirkalocka from historical review toward drilling, with soil sampling now underway across several priority target areas.

He said the program includes Catalina’s tenure immediately adjacent to the Kirkalocka Gold Mine and processing hub, and is designed to generate high-quality RC drill targets.

Why it matters: Kirkalocka is strategically located in Western Australia’s Mid-West region, within the southern Wydgee-Meekatharra Greenstone Belt. The project sits directly adjacent to the Kirkalocka Gold Mine, which Catalina said has a Mineral Resource of approximately 240,000 ounces of gold, and is close to the Kirkalocka Gold Processing Plant, which has a capacity of 2Mtpa.

Catalina said the processing plant is being advanced toward recommencement in 2026 by Gylden Resources, giving the area existing infrastructure and potential future development relevance.

The company’s recent technical review identified multiple priority target areas characterised by historical gold anomalism, shallow gold mineralisation and interpreted structural corridors. Catalina said these areas remain only lightly tested by historical exploration.

The current soil sampling program will validate and improve historical geochemical datasets, refine known anomalies and assess structural trends. Results will be integrated with historical drilling, geological mapping and geophysical datasets to generate and rank targets for follow-up RC drilling.

Catalina has also completed field reconnaissance across priority target areas and received approval for its Eligible Mining Activity Notice, allowing the current exploration program to proceed.

Soil sampling and heritage assessment are now underway, with assay results expected to guide the company’s planned drilling program.

For Western Australia’s gold sector, Catalina’s Kirkalocka work adds another early-stage exploration story in the Mid-West, where historical gold results, nearby processing infrastructure and renewed field activity could support future drill testing.

Source: Catalina Resources ASX announcement, “Kirkalocka Advances Towards Drilling”, 30 June 2026.

29 June 2026 | Western Australia - Miramar Resources has announced a significant increase to the Exploration Target at its 80%-owned Gidji JV Gold Project, located around 15km north of Kalgoorlie in Western Australia.

The company said the updated Gidji JV Gold Exploration Target has more than doubled, based on recent drilling and assay data across multiple targets.

The updated Exploration Target now stands at 6.19Mt to 7.56Mt for 124,871 to 325,125 ounces of contained gold. Miramar said the estimate covers several target areas, including Marylebone, Powerline, Blackfriars, Highway, Railway and Roaster.

The largest target area is Highway, which has an estimated range of 2.25Mt to 2.75Mt at 0.7 g/t to 1.5 g/t gold, for 50,561 to 132,421 ounces of contained gold.

Miramar said the updated Exploration Target is based on actual drilling data, including 939 aircore holes for 53,362m, 26 RC holes for 4,007m and one diamond hole for 190.75m, together with limited historical drilling data.

Managing Director Marion Bush said the update was an important milestone as Miramar progresses the project toward potential development. She said the project’s location near Kalgoorlie, the Goldfields Highway and nearby gold processing plants creates multiple options to potentially monetise the shallow gold discovered to date.

Why it matters: Gidji is well located in one of Australia’s most established gold mining regions. The project sits close to existing infrastructure, roads, processing plants and nearby mining operations, which could be important if Miramar is able to convert the Exploration Target into a JORC-compliant Mineral Resource.

The company said planned activities now include Resource estimation and preparation for a Mining Lease application over the main mineralised areas under the Gidji Paleochannel.

Miramar has engaged a resource geologist to review the drilling data with a view to estimating one or more JORC-compliant Mineral Resources and advising on any required infill drilling.

The company is also in the early stages of discussions with potential development partners.

Beyond the shallow supergene gold already outlined, Miramar said there remains potential for additional mineralisation through deeper drilling. The company noted that average drilling depth across the project remains less than 60m, with limited deeper RC and diamond drilling completed to date.

Miramar believes the shallow supergene gold mineralisation may have come from one or more nearby bedrock sources. The company also sees potential for further supergene mineralisation outside the Gidji Paleochannel in areas that remain largely untested.

The Gidji JV Project contains approximately 15km of strike along the Boorara Shear Zone, which hosts several gold deposits along strike in both directions. Miramar said the project has been underexplored due to extensive shallow transported cover and the presence of the Gidji Paleochannel.

For Western Australia’s gold sector, the Gidji update adds another near-Kalgoorlie exploration and potential development story, with shallow gold targets, possible bedrock upside and a clear pathway toward Resource estimation.

Miramar cautioned that the Exploration Target remains conceptual in nature, with insufficient drilling completed to estimate a Mineral Resource at this stage. It is uncertain whether further exploration will result in the estimation of a JORC-compliant Mineral Resource.

Source: Miramar Resources ASX announcement, “Significant Increase to Gidji JV Gold Exploration Target”, 29 June 2026.

25 June 2026 | Western Australia - Minerals 260 has reported further strong drilling results from its 100%-owned Bullabulling Gold Project, located around 25km west of Coolgardie in Western Australia.

The latest results come from ongoing drilling at the Phoenix, Bacchus and Dicksons deposits and will be incorporated into the company’s upcoming Mineral Resource Estimate update, due in August 2026.

Minerals 260 said assays have been received for a further 60 drill holes totalling 14,935m. The results continue to confirm the continuity of mineralisation within the current 4.5Moz Mineral Resource, while also identifying extensions beyond existing Resource boundaries.

Better results include:

• 20m at 3.4 g/t gold from 93m at Phoenix
• 18m at 2.9 g/t gold from 332m at Dicksons, including 1m at 38.4 g/t gold
• 4m at 10.0 g/t gold from 111m at Dicksons, including 1m at 38.9 g/t gold
• 10m at 3.1 g/t gold from 470m at Bacchus
• 5.5m at 4.3 g/t gold from 349.6m at Bacchus
• 2m at 8.9 g/t gold from 250m at Phoenix
• 14m at 2.4 g/t gold from 186m at Bacchus
• 15m at 2.3 g/t gold from 204m at Bacchus

Managing Director Luke McFadyen said the company has now completed 78,000m of drilling across the Phoenix, Bacchus, Dicksons, Kraken and Gibraltar deposits since the December 2025 Resource estimate.

He said the results demonstrate the continuity, scale and quality of mineralisation across Bullabulling, while increasing confidence in the existing Resource and highlighting opportunities to test higher-grade trends within and beyond the current Mineral Resource.

Why it matters: Bullabulling is one of the larger gold development projects in Western Australia’s Eastern Goldfields, with a current JORC 2012 Mineral Resource Estimate of 130Mt at 1.0 g/t gold for 4.5Moz.

The latest results are important because they support both Resource conversion and Resource growth. Some holes are designed to upgrade Inferred Resources to Indicated, while others are testing down-dip and depth extensions outside the current Resource.

At Phoenix, drilling has returned high-grade mineralisation beneath the existing pit and along the western margin of the Mineral Resource. At Bacchus, drilling continues to intersect high-grade mineralisation along the footwall shear zone, including outside the current pit shell. At Dicksons, results have confirmed mineralisation beyond the existing Resource, including high-grade zones east of the current model.

Minerals 260 said the Pre-Feasibility Study, including declaration of a maiden Ore Reserve, remains on track for release in July 2026. That study will be based on the existing 4.5Moz Resource announced in December 2025.

The company said drilling completed since December will support the August 2026 Resource update, which is expected to feed into the Definitive Feasibility Study and a Reserve update targeted for release in early CY2027.

There are currently 10 drill rigs on site, including four reverse circulation rigs, four diamond rigs, one aircore rig and one water bore rig.

For Western Australia’s gold sector, the latest Bullabulling results show continued momentum at a major open pit development project, with active drilling, Resource growth work, feasibility studies and early development planning all progressing.

Source: Minerals 260 ASX announcement, “Bullabulling resource update on track as drilling extends mineralisation at depth”, 25 June 2026.

25 June 2026 | Western Australia - BOA Resources has announced a transformational copper transaction that will see the company acquire the Thaduna and Green Dragon copper deposits in Western Australia’s Murchison region.

BOA has entered into an agreement to acquire 100% of Core Value Australia NL, which has separately agreed to acquire the Thaduna and Green Dragon deposits from Sandfire Resources.

On completion, BOA will own the Thaduna and Green Dragon deposits, consolidate its ownership of the Neds Creek Copper Project and expand its copper exploration footprint in the Murchison Copper Belt.

The Thaduna and Green Dragon deposits host a combined JORC 2012 Mineral Resource Estimate of 5.3Mt at 2.3% copper for 121,000 tonnes of contained copper.

Thaduna accounts for the majority of the Resource, with 4.1Mt at 2.5% copper for 103,000 tonnes of contained copper. Green Dragon contains 1.2Mt at 1.5% copper for 18,000 tonnes of contained copper.

BOA said the acquisition will expand its Murchison Copper Belt footprint to approximately 1,378.6km², including the Thaduna and Green Dragon Mining Leases, granted exploration licences, granted prospecting licences and exploration licence applications.

Chair and Managing Director Cath Norman described the transaction as transformational for BOA, saying it moves the company from holding an interest in a prospective copper exploration package to controlling a broader regional copper portfolio with granted mining leases, drill-ready targets and substantial exploration upside.

Why it matters: The acquisition gives BOA a larger and more advanced copper platform in Western Australia at a time when copper demand remains strongly supported by electrification, grid investment, electric vehicles, renewable energy and battery storage.

The Thaduna and Green Dragon deposits are located on granted Mining Leases, which BOA described as a key strategic advantage and potential foundation for future resource development.

The transaction also brings Sandfire Resources onto BOA’s register as a substantial shareholder. Subject to completion, BOA will issue Sandfire 27.8 million shares, giving Sandfire an approximate 6.2% post-transaction shareholding.

CVA principal and experienced geologist Adrian Griffin is also expected to join the BOA board as a Non-Executive Director on completion of the transaction. Griffin has more than 40 years of mining industry experience across exploration, development, financing and project delivery.

BOA said the acquisition creates a stronger regional exploration position across the Neds Creek copper corridor. The company has identified multiple drill-ready copper targets, with historical drilling at several prospects returning ore-grade copper intersections.

Ricci Lee remains BOA’s first priority for resource definition drilling. The prospect is located close to Thaduna, sits in a similar geological setting and has already returned multiple ore-grade copper intercepts from historical drilling.

BOA said it remains funded to progress the transaction and its planned exploration activities, with a cash position of approximately $3.2 million supporting the acquisition and 2026 drilling plans.

Drilling is targeted to commence in late July 2026, initially focused on Ricci Lee, Rooneys and other high-priority Neds Creek prospects.

The company’s immediate next steps include completing remaining approvals, convening a shareholder meeting, completing the CVA and Sandfire acquisition arrangements, undertaking heritage surveys, integrating the Thaduna and Green Dragon datasets and developing a broader exploration and resource growth plan across the expanded copper portfolio.

For Western Australia’s resources sector, the transaction highlights renewed interest in copper projects with existing Resources, granted tenure and regional exploration upside.

Source: BOA Resources ASX announcement, “BOA to acquire Thaduna and Green Dragon copper deposits, in Neds Creek (WA) project consolidation”, 25 June 2026; BOA Resources investor presentation, “Transformational acquisition of Thaduna and Green Dragon Copper Deposits, WA”, June 2026.

24 June 2026 | Western Australia - Rumble Resources has upgraded the Gold Mineral Resource Estimate at its Western Queen Gold and Tungsten Project in Western Australia, following a successful diamond drilling campaign.

The Western Queen Gold Resource has increased to 5.13Mt at 2.6 g/t gold for 433,600 ounces, representing a 17% increase in total contained gold.

Importantly, Indicated Resources have increased by 54% to 2.46Mt at 2.9 g/t gold for 227,700 ounces, adding 79,700 ounces compared with the July 2025 Resource.

Rumble also reported the discovery of a new high-grade zone at Western Queen Central, containing 145,000 tonnes at 11.3 g/t gold for 52,500 ounces. The zone is located directly below the historical underground workings and beneath the Western Queen Central open pit.

The upgraded Resource is based on 17,255m of diamond drilling completed between October 2025 and April 2026. Rumble said the drilling focused on upgrading previous Inferred Resources to the Indicated category at Western Queen South and Western Queen Central, as well as testing high-grade down-plunge extensions of the main mineralised zones.

Managing Director and CEO Peter Harold said the Resource upgrade was extremely positive, with the geological team delivering a major increase in Indicated Resources and identifying a new high-grade discovery below the old workings at Western Queen Central.

Why it matters: The increase in Indicated Resources is significant because it provides greater confidence for future mine planning and feasibility work. Rumble said the upgraded Resource will now be incorporated into an updated mining schedule for the Bankable Feasibility Study, which remains on track for delivery during the September quarter.

The company said the new high-grade zone at Western Queen Central measures approximately 250m by 100m and represents a high-priority target for future development. Updated modelling indicates that barren pegmatites displace less of the high-grade mineralisation than previously interpreted.

Rumble said the Resource upgrade, new high-grade discovery and ongoing tungsten optimisation work are expected to support a significant increase in mine life compared with the two-year case outlined in the November 2025 Scoping Study.

The company has also executed an ore tolling and blending agreement with Gylden Resources, with the immediate priority now being to secure the necessary permits to allow pit dewatering ahead of the start of mining operations.

Mine development remains on track for production to commence in 2027.

The Western Queen deposits are located on granted mining leases M59/208 and M59/45. The project is part of the Warda Warra Greenstone Belt in the Murchison region and hosts both gold and tungsten mineralisation.

Rumble also reported further gold drilling results from Western Queen South, including 13m at 4.90 g/t gold from 314m, including 7m at 7.40 g/t gold, and 19m at 2.11 g/t gold from 331m, including 2m at 6.54 g/t gold.

While most recent holes were not targeting tungsten, drilling again intersected high-grade scheelite mineralisation, including 10m at 0.35% WO3 from 348m and 0.85m at 1.09% WO3 from 405m. Rumble said an updated tungsten Mineral Resource Estimate is expected in July.

For Western Australia’s gold sector, the Western Queen upgrade adds another near-term development story in the Murchison, with higher-confidence ounces, a new high-grade zone and a Bankable Feasibility Study due in the coming months.

Source: Rumble Resources ASX announcement, “Western Queen Gold Resources upgraded to 433koz with 228koz now in Indicated category and a new high-grade zone of 53koz @ 11.3g/t gold”, 24 June 2026.

23 June 2026 | Western Australia - Leeuwin Metals has reported multiple significant historical gold intercepts from regional prospects at its Marda Gold Project in Western Australia, highlighting further growth potential outside the project’s current Mineral Resource.

The company said regional targeting has identified high-priority areas at the Red Boomerang and Deception Hill prospects, with both areas located outside the existing Marda Mineral Resource.

Significant historical intercepts reported by Leeuwin include:

• 24m at 1.79 g/t gold from surface, including 15m at 2.72 g/t gold from 8m
• 2m at 12.82 g/t gold from 25m
• 12m at 4.33 g/t gold from 64m, including 1m at 26.4 g/t gold from 67m
• 17m at 1.21 g/t gold from 20m, including 1m at 9.34 g/t gold from 34m
• 66m at 1.12 g/t gold from 13m, including 18m at 2.32 g/t gold from 16m
• 10m at 2.41 g/t gold from 50m, including 1m at 15g/t gold from 51m
• 21m at 1.46 g/t gold from 26m, including 1m at 10.4g/t gold from 36m

Leeuwin said the historical results reinforce the exploration potential across Marda and support its plan to systematically review the broader project database, define new targets and pursue further discoveries.

The Marda Gold Project currently hosts a Mineral Resource of 342,300 ounces of gold, comprising an Indicated Resource of 2.1Mt at 1.10 g/t gold for 73,800 ounces and an Inferred Resource of 8.1Mt at 1.03 g/t gold for 268,500 ounces.

Executive Chairman Christopher Piggott said Marda continued to generate exciting targets, with the Red Boomerang and Deception Hill results identifying high-priority drill targets that could add meaningful ounces to the existing resource base.

Why it matters: The results are important because they sit outside the current Marda Resource, meaning they may provide a pathway for future resource growth if follow-up drilling is successful. Leeuwin is now looking beyond the existing granted mining leases and testing the broader regional potential of the project.

Historical drilling at Red Boomerang and Deception Hill tested primary gold mineralisation associated with quartz-pyrite veins hosted in porphyry. Leeuwin said three moderately west-dipping lodes have been tested, with gold mineralisation interpreted to occur mainly within felsic rocks, particularly near contacts with ultramafic units.

Drill planning and permitting are now underway, with drilling planned for the second half of 2026 at Red Boomerang.

Leeuwin also has 55 drill holes from recent drilling still awaiting assays, with results expected in coming weeks. The company said recent drilling tested new down-dip extensions across Golden Orb, Marda Central and high-grade workings trends.

A resource upgrade is also underway across Golden Orb, Evanston and Marda Central, with updated resources expected in the second half of 2026.

For Western Australia’s gold sector, Leeuwin’s update adds another active resource growth story in the Marda region, with the company combining historical drill data, new drilling and regional targeting to build a larger exploration pipeline.

Source: Leeuwin Metals ASX announcement, “Targeting Identifies Significant Gold Intercepts Across Marda Regional Prospects”, 23 June 2026.