Dundas Minerals (ASX:DUN) Completes Over 5,000m of RC Drilling Near Kalgoorlie

Aditi Sarkar

28 October 2026 02:35 PM AEDT

Dundas Minerals (ASX:DUN) Completes Over 5,000m of RC Drilling Near Kalgoorlie

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Highlights

32 RC holes for 5,180m were completed across Capricorn, Baden-Powell and Rockland near Kalgoorlie by mid-October.
Rockland hole 26RKRC011 returned 12m at 1.25 g/t Au and 4m at 4.87 g/t Au.
Firm commitments were received for a $2.88 million placement at 4.5 cents per share.
An updated Mineral Resource Estimate for the Kalgoorlie projects is targeted for Q4 2026.

Dundas Minerals Limited (ASX:DUN) has released its quarterly activities report for the September 2026 quarter. The period was marked by an active RC drilling program near Kalgoorlie, new tenement acquisitions and a placement to fund continued exploration.

Kalgoorlie RC Drilling Program

The RC program began on 2 September 2026 across the Capricorn, Baden-Powell and Rockland prospects, about 40 km north of Kalgoorlie. By mid-October, 32 holes for 5,180m had been completed.

At Rockland, hole 26RKRC011 returned 12m at 1.25 g/t Au from 168m, including 4m at 2.18 g/t, and 4m at 4.87 g/t Au from 200m. Interpreted shoots now extend about 170m below surface and remain open. These results are from 4m composites, with 1m re-assays pending. Drilling at Capricorn and Baden-Powell targets their existing Inferred Resources of 659,300t at 1.2 g/t Au and 595,000t at 1.2 g/t Au respectively.

Tenement Acquisitions and Romano Project

Dundas acquired nine prospecting licences at Gemini and Windanya, creating a continuous holding along the Gemini–Capricorn–Aquarius–Rockland corridor. Historical hole WAC20019 at Gemini returned 2m at 26.68 g/t Au, although continuity between the prospects has not yet been established.

At Romano in the Yamarna region, Exploration Licence E38/4002, covering about 270 km², was granted on 18 August 2026. It is held by Cazaly Resources, with Dundas earning an 80% interest. No Dundas drilling has taken place there yet.

Placement and Financial Position

Dundas received firm commitments to raise $2,879,033 before costs at 4.5 cents per share. Tranche 1 of 58,756,295 shares raises $2,644,033, while Tranche 2 of 5,222,216 shares to participating directors raises $235,000, subject to shareholder approval. David Geraghty is investing $750,000 and will hold about 5.57% on completion. Taurus Capital Group acted as lead manager.

Cash at 30 September 2026 was $1.087 million, down from $1.877 million, before the placement proceeds. The company spent $198,000 on exploration and $150,000 on tenement acquisition during the quarter. Upcoming catalysts include remaining Rockland assays, Capricorn and Baden-Powell results in the December quarter and an updated Mineral Resource Estimate targeted for Q4 2026.

Key Takeaways

Over 5,000m of RC drilling was completed across three Kalgoorlie prospects.
Rockland results show open gold shoots to about 170m depth.
The $2.88 million placement strengthens funding for ongoing exploration.
An updated Mineral Resource Estimate is targeted for Q4 2026.

FAQs

Q: How much drilling did Dundas complete?

A: 32 RC holes for 5,180m by mid-October 2026.

Q: What were the best Rockland results?

A: Hole 26RKRC011 returned 4m at 4.87 g/t Au from 200m and 12m at 1.25 g/t Au from 168m.

Q: How much did Dundas raise in the placement?

A: Firm commitments were received for $2,879,033 at 4.5 cents per share.

Q: What is Dundas's interest in Romano?

A: Dundas is earning an 80% interest in E38/4002, held by Cazaly Resources.

Q: When is the updated resource estimate due?

A: It is targeted for Q4 2026.

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