Highlights

  • GoldArc Resources has acquired the Kookynie tenement (P40/1319), directly expanding the Whistler and Woodpecker South high-grade corridors.
  • The strategic acquisition was secured for a low-cost entry of AUD 50,000, payable in monthly instalments over a year.
  • The new ground sits adjacent to an active 3,000m aircore (AC) program following up on previous high-grade hits, including 1m @ 25.21 g/t Au.
  • Further results from a broader 6,500m Reverse Circulation (RC) program at Leonora South are expected in the near term.
  • The company maintains a total JORC resource base of 200,014oz Au across its Western Australian projects.

GoldArc Resources Limited (ASX:GA8) shares climbed 8% to AUD 0.054 on 1 April 2026. The market responded positively to the company's disciplined expansion of its Leonora South hub. The stock has maintained impressive momentum, trading 80% higher over the past year as exploration across its 313km² tenement package continues to yield high-grade results.

Strategic Expansion at Whistler

The acquisition of Prospecting Licence P40/1319 (to be converted to Mining Lease M40/351) is a tactical move to consolidate the Whistler mineralised corridor. The tenement adjoins areas where GoldArc recently identified significant gold-in-soil anomalies and high-grade intercepts.

Managing Director Paul Stephen described the deal as a "disciplined, low-cost ground acquisition" that adds tenure while the company's drills are already turning in the immediate vicinity.

Drilling Momentum and Pending Results

GoldArc is currently in the midst of a high-intensity exploration phase at Leonora South:

  • Aircore Program: 3,000m targeting the Whistler corridor to follow up on the standout 1m @ 25.21 g/t Au result.
  • RC Program: 6,500m managed in collaboration with MMS across five prospect areas.
  • Woodpecker South: Recent results from this area have already confirmed multiple mineralised zones, including 2m @ 12.88 g/t Au from 37m.

Commercial Terms and Royalty

The acquisition involves a small upfront payment of AUD 10,000, with the remainder spread over 11 months to preserve working capital. The vendor retains a 2% gross smelter royalty (GSR) on any future minerals recovered from the specific tenement.

What This Means for Investors?

GoldArc is successfully executing a "hub and spoke" strategy at Leonora South. By picking up adjacent ground cheaply while simultaneously proving up high-grade extensions through drilling, the company is effectively increasing the potential scale of any future development.

With nearly 10,000m of total drilling results (RC and AC) expected to be released progressively over the coming weeks, the company is entering a news-heavy period that could further de-risk its 200,000oz gold resource.