CGN Resources Defers November Leonora RC Drilling to Early 2027

Sonal Goyal

03 November 2026 10:15 AM AEDT

CGN Resources Defers November Leonora RC Drilling to Early 2027

Image Source: Krish Capital Pty Ltd

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CGN Resources (ASX:CGR) has advised that its planned November 2026 reverse circulation drilling program at the Leonora Gold Projects in Western Australia will be deferred, with the next drilling campaign now targeted for early 2027, subject to completion of program planning and relevant approvals.

Key Points

Planned November 2026 RC drilling at Leonora Gold Projects deferred to early 2027 to optimise the next phase of drilling.
All heritage, environmental and regulatory approvals are in place for the Pelican and Rocky Mountain Oyster drilling programs.
Principal drill site earthworks at Pelican and RMO have been completed, with further earthmoving and site preparation to continue over the coming week.
The deferral period will be used to refine priority drill targets, evaluate additional prospective areas, and progress heritage and regulatory preparations for new target areas.

Leonora Drilling Schedule Revision

CGN Resources disclosed on 3 November 2026 that its previously planned November 2026 RC drilling program at the Leonora Gold Projects in Western Australia would not proceed as scheduled. The revised timeline targets early 2027 for the next drilling campaign. According to the filing, the revised schedule will be used to undertake additional interpretation and modelling to refine priority drill targets and evaluate the potential to incorporate further prospective areas into a broader exploration campaign. The Company said it will also use the period to assess targets across the Christmas Well and Panhandle areas of its Leonora portfolio.

Pelican and Rocky Mountain Oyster Target Preparations

The filing states that all heritage, environmental and regulatory requirements have been satisfied for the drilling programs at the Pelican and Rocky Mountain Oyster targets. Principal drill site earthworks at both locations have been completed. The Company disclosed that further earthmoving and site preparation activities will continue over the coming week to ensure these approved targets remain ready for drilling. CGN said it intends to refine the interpreted geometry of the mineralised system at both high-priority targets and optimise drill-hole orientation ahead of follow-up drilling designed to test extensions of known high-grade gold mineralisation.

Broader Technical Assessment of Leonora Target Pipeline

Alongside work at Pelican and Rocky Mountain Oyster, CGN Resources disclosed it will undertake a broader technical assessment of its Leonora target pipeline to identify additional opportunities for drill testing. The filing states this work will also inform planning for any further heritage surveys, regulatory approvals and site preparations required to incorporate new target areas into the next drilling campaign. The Board stated in the filing that the revised schedule provides an opportunity to optimise the technical scope of the next exploration campaign. Managing Director Stan Wholley said the Company has a compelling pipeline of gold targets and intends to use the deferral period to assess the potential to broaden the next drilling campaign.

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