Dalaroo Metals (ASX:DAL) has advised that contractor Easy Drill has commenced mobilisation of diamond drilling equipment and personnel to the Bondoukou Gold Ridge Project in Côte d'Ivoire, with drilling targeted to commence on or around 16 November 2026, subject to completion of mobilisation, site readiness and operating conditions.

Key Points

  • Easy Drill has commenced mobilisation of diamond drilling equipment to the Bondoukou Gold Ridge Project in Côte d'Ivoire, with drilling expected to begin on or around 16 November 2026.
  • An initial five-hole diamond programme totalling approximately 1,750 m will test down-dip and along-strike extensions of mineralisation at the Wilfred discovery, with each hole planned to reach approximately 350 m depth.
  • The programme follows previously reported intersections of BDRC001 (23 m at 2.14 g/t Au from surface) and BDRC002 (18 m at 7.31 g/t Au from 63 m), with downhole widths.
  • The Easy Drill contract covers an estimated 20,000 m using two rigs, with monthly invoices payable 50% in cash and 50% in Dalaroo shares, capped at 30 million shares total, unless Dalaroo elects to pay more or all in cash.
  • Dalaroo reported A$2.04 million cash at the start of November, with a further A$13.54 million in potential proceeds from in-the-money options.

Five-Hole Diamond Programme Targeting Wilfred Extensions

The initial five-hole diamond programme, totalling approximately 1,750 m, has been expanded from the approximately 1,250 m previously announced. All five holes are now planned to reach approximately 350 m in depth, increased from a previous depth of 250 m. The first hole will test beneath the 18 m at 7.31 g/t Au discovery intersection in BDRC002. Two holes on each of two sections approximately 80 m north-west and south-east of the discovery holes will investigate whether mineralisation continues along strike. The programme is not designed to test continuity across the 1.25 km to the northern section, where separate follow-up drilling is planned. Hole positions, orientations and depths may be adjusted as drilling progresses.

Easy Drill Contract Terms and Second Rig Timing

Dalaroo has entered into a diamond drilling contract with Easy Drill SARL for an estimated total of 20,000 m at Bondoukou using two diamond drill rigs. The contract includes a termination-for-convenience right exercisable by Dalaroo after 10,000 m of accepted drilling, on 30 days' written notice. Each approved monthly invoice is payable 50% in cash and 50% in Dalaroo shares, with the share issue price set at the greater of the 30-trading-day VWAP and A$0.05 per share, with total shares issuable capped at 30 million. The second rig is expected on site by the end of November 2026 to drill the northern BDRC010C–BDRC011B section, approximately 1.25 km from the original discovery.

On-Site Core Handling Facilities Under Construction

The first three drill pads are prepared, and a temporary core yard and site office are under construction to support diamond core handling, geological logging, photography and secure storage. The core yard will initially use sea containers and a dome shelter, currently in transit to site. Containers will provide secure storage for core trays while the dome shelter will provide a covered work area for logging and photography. Oriented core is expected to provide structural information on the orientation, true width and continuity of the mineralised zones, which are not yet known. Sampling, QA/QC procedures and laboratory arrangements will be reported with assay results.