Evergold Minerals Presents AGM Year in Review with Resource Definition Drilling to Commence at Duchess of York

Sonal Goyal

06 November 2026 11:23 AM AEDT

Evergold Minerals Presents AGM Year in Review with Resource Definition Drilling to Commence at Duchess of York

Image Source: Krish Capital Pty Ltd

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Evergold Minerals Limited (ASX:EG1) presented its Annual General Meeting update on 6 November 2026, outlining a series of project acquisitions, drilling results, and financial metrics accumulated across FY2026 and year to date, with resource definition drilling at the Duchess of York deposit confirmed to commence in November 2026.

Key Points

Maiden RC program at Duchess of York returned 25m at 3.47 g/t Au from 3m, including 1m at 52.74 g/t Au
262-hole aircore program totalling 6,357m identified the Vanguard zone, returning 19m at 0.86 g/t Au from 28m
Leonora Goldfields Project holds a JORC (2012) Inferred Mineral Resource of 63,000 oz Au at 1.41 g/t Au across three deposits
Cash of $2.8 million at 30 September 2026, with a $486,000 R&D tax incentive rebate received in September 2026
Rabbit Warren acquisition agreed, subject to completion, with Randwick tenements already acquired in July 2026

Duchess of York RC Drilling and Aircore Results at Mt Monger

The maiden RC program at Duchess of York, comprising approximately 2,800 metres, returned multiple significant intercepts, including 25m at 3.47 g/t Au from 3m (including 1m at 52.74 g/t Au), 6m at 5.43 g/t Au from 29m (including 2m at 12.25 g/t Au), and 22m at 1.80 g/t Au from 59m (including 8m at 3.38 g/t Au). The subsequent 262-hole aircore program, totalling 6,357 metres, identified the Vanguard zone approximately 600 metres northwest of Duchess of York, returning 19m at 0.86 g/t Au from 28m, described as open to the south-west and at depth. First-pass aircore also returned gold at the Gladiator, Paladin, and Hickman's Find prospects.

Leonora Goldfields Project Mineral Resource and New Targets

The Leonora Goldfields Project holds a JORC (2012) Inferred Mineral Resource of 1,387,000 tonnes at 1.41 g/t Au for 63,000 ounces, comprising Craig's Rest at 48,600 ounces, Victor Bore at 11,700 ounces, and Great Northern at 2,700 ounces, all at a 0.5 g/t Au cut-off. Surface geochemistry covering 1,312 samples and drone magnetics across approximately 23 square kilometres defined three priority targets at Katalina, Sirius, and Jack's Reward. The Randwick tenements were acquired in July 2026 and the Rabbit Warren acquisition was agreed subject to completion. Victor Bore and Great Northern are located on granted mining leases, with sealed roads, grid power, and two large-scale gold mills within 40 kilometres disclosed as available for potential toll treatment.

Corporate Activity and Financial Position at 30 September 2026

Evergold Minerals reported cash of $2.8 million at 30 September 2026 and capitalised exploration expenditure of $4.78 million at 30 June 2026, up from $2.15 million at 30 June 2025. By project, capitalised exploration at 30 June 2026 comprised $2.56 million at Leonora, $1.27 million at Mt Monger, and $0.95 million at Queens. Exploration spend in the September 2026 quarter was $1.29 million, compared with $496,000 in the June quarter. A $486,000 R&D tax incentive rebate was received in September 2026, and a Western Australian Government EIS co-funded drilling grant was secured. The company was rebranded Evergold Minerals Limited at the 2025 AGM, with the ASX code remaining EG1.

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