Saturn Metals (ASX:STN) has commenced an inaugural 10,000-metre Reverse Circulation drilling program at the Aquarius Gold Prospect, located 30 kilometres south-east of its flagship Apollo Hill Gold Deposit within the Greater Apollo Hill Gold Project near Leonora in Western Australia.

Key Points

  • An initial 10,000m Reverse Circulation drill program is underway at the Aquarius Gold Prospect, 30km south-east of the 2.83Moz Apollo Hill Gold Resource.
  • Drilling targets extensions to significant historical gold intercepts along a 26.5km Aquarius Gold Trend defined by aircore drilling.
  • Historical intercepts include 36m @ 1.25g/t Au from 102m (MBRC0005) and 16m @ 1.72g/t Au from 228m (MBDD0010), drilled by Sumitomo Metal Mining Oceania Pty Ltd.
  • The program is anticipated to run up to the holiday season and continue into the first quarter of 2027.

Aquarius Gold Prospect and Drill Program Details

The inaugural Reverse Circulation drill program at Aquarius commenced on 6 November 2026, with the first hole designated AQRC0001. The 10,000-metre program will initially focus on extending known mineralisation along strike and down-plunge at the Aquarius Gold Prospect, while also testing the discovery potential of the broader 26.5km Aquarius Gold Trend. Mineralisation along the trend is described in the filing as open down-plunge and in multiple directions, with historical drilling remaining widely spaced and limited RC and diamond drilling completed to date. Further updates are to be provided as drilling progresses and assay results are received and interpreted.

Historical Gold Intercepts Targeted by Saturn Metals

The drill program targets extensions to significant gold intercepts previously returned by Sumitomo Metal Mining Oceania Pty Ltd, as disclosed in Saturn's 15 May 2025 release. These include 36m @ 1.25g/t Au from 102m (MBRC0005), 33m @ 1.27g/t Au from 78m (MBRC0016), 16m @ 1.72g/t Au from 228m including 6m @ 2.89g/t Au from 234m (MBDD0010), and 3m @ 8.51g/t Au from 102m (MBAC0629). The Aquarius prospect is situated within volcanic rocks and intrusive quartz porphyries, which the filing describes as interpreted lateral equivalents of the Carosue Dam gold deposit rock sequence.

Aquarius Location Within Saturn's 1,000km² Tenement Package

Aquarius is located within Saturn's contiguous 1,000km² tenement package in the Leonora Gold District of Western Australia. The prospect sits along strike between Saturn's 2.83Moz Apollo Hill Mineral Resource — comprising 174Mt @ 0.51g/t Au — and Northern Star's Carosue Dam operations, which are located approximately 35 to 65 kilometres down strike. Apollo Hill, which is 100%-owned by Saturn, has an associated Ore Reserve of 104.6Mt @ 0.47g/t Au for 1,586,000oz Au, with a Pre-Feasibility Study and mine development plan previously disclosed.