DRILLING COMMENCES AT BULLABULLING, WA

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.