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Highlights

  • ZNC secures Mining Lease M77/599, consolidating tenure at the Dulcie Gold Project.
  • GSN plans high-impact drilling at Mon Ami, targeting resource expansion along strike and depth.
  • GDR resumes drilling at Coodardy, aiming to extend 700m strike of high-grade gold.
  • ASX gold shares ZNC, GSN, and GDR all rise 7–11% on exploration and acquisition updates.

The Western Australian gold sector is showing renewed momentum, with several ASX-listed miners reporting encouraging operational and exploration updates. Investors are paying close attention as strategic acquisitions, high-grade drilling, and resource expansions drive optimism.

Notably, Zenith Minerals Limited (ASX:ZNC), Great Southern Mining Limited (ASX:GSN), and Golden Dragon Mining Ltd (ASX:GDR) have all seen share price gains today, reflecting positive market sentiment and the potential for growth in the region.

Strategic Acquisition Boosts Zenith Minerals

Zenith Minerals Limited has strengthened its position at the Consolidated Dulcie Gold Project by securing a binding agreement to acquire Mining Lease M77/599. This acquisition follows the company’s maiden and updated Inferred Mineral Resource of 675,000 ounces, supporting strategic consolidation along the Dulcie corridor.

Under the agreement, Zenith will pay AUD 1.5 million in cash plus a 2% NSR royalty, subject to customary conditions. The move enhances tenure control, simplifies planning ahead of Scoping Study work, and provides flexibility to explore staged open pit and toll-treatment options.

Shares in ZNC traded 7.14% higher to AUD 0.090, reflecting investor confidence in the company’s expanded gold resource base.

Great Southern Mining Targets High-Impact Drilling

Great Southern Mining Limited is preparing for high-impact drilling at its 100% owned Mon Ami Gold Project in Western Australia, set to start in April 2026. The project currently hosts a resource of 1.56 Mt at 1.11 g/t Au (55,500 oz) and remains open along strike and at depth.

Exploration targets include the Blanc Platt lode, western offsets, and deeper extensions. Located on a granted mining licence with existing approvals, Mon Ami is near multiple processing facilities, enhancing development potential. Recent drilling indicates high-grade down-plunge potential, with the nearby Ida H deposit serving as a depth analogue.

Shares in GSN rose nearly 10% to AUD 0.034.

Golden Dragon Advances Cue Gold Project

Golden Dragon Mining Ltd has resumed drilling at its Coodardy prospect, part of the Cue Gold Project in the Murchison region. Following successful Phase 1 results with high-grade gold intersected near surface, the current program aims to extend the 700m strike north and south and test the Behring Bore target, a structurally complex zone with significant exploration upside.

Mineralisation at Coodardy occurs in flat-lying quartz veins, interpreted to plunge northward, and remains open for open-pit development. The broader Cue Project continues to offer promising potential, with GDR shares up over 11% to AUD 0.200.

The recent gains in ZNC, GSN, and GDR underscore the potential in Western Australia’s gold sector. Strategic acquisitions, high-impact drilling, and resource expansions are driving investor optimism, positioning these companies for growth. As exploration advances and results are released, market attention is likely to remain focused on the region’s high-potential gold projects.

FAQs
Q1: What is Zenith Minerals acquiring?
A: Zenith is acquiring Mining Lease M77/599, enhancing tenure at the Consolidated Dulcie Gold Project.
Q2: When will Great Southern Mining start drilling at Mon Ami?
A: High-impact drilling is scheduled for April 2026.
Q3: What type of gold mineralisation is Golden Dragon targeting?
A: Golden Dragon targets flat-lying quartz veins at Coodardy, interpreted to plunge northward, suitable for open-pit development.