Highlights

  • A 3,000m RC drilling program began at Mt Wandoo after the quarter, with first assays expected around the end of November 2026.
  • Copper Hills drilling returned 5m at 131 g/t Ag, 1.05% Cu and 205 g/t In from 102m.
  • Follow-up drilling is planned at Copper Hills and Elizabeth Bluffs in November 2026.
  • A renounceable rights issue raised $728,502 before costs.

Green & Gold Minerals Limited (ASX:GG1) has released its quarterly report for the period ended 30 September 2026. The Queensland explorer reported multi-metal results from its Herberton projects and began drilling at the Mt Wandoo gold resource.

Herberton Conductor Metals Project

At Copper Hills, six holes represented the first drilling there in 45 years. The best result, from CHC003, was 5m at 131 g/t Ag, 1.05% Cu, 205 g/t In, 0.37% Sn and 9.1% Zn from 102m, including 2m at 300 g/t Ag and 421 g/t In. The Main Lode is defined over 250m of strike and remains open in all directions.

At Mt Gossan, drilling identified weathered mineralisation up to 27m thick, including 11m at 10.4 g/t Ag and 0.20% Sn from surface. At Elizabeth Bluffs, a chert ridge extending over 4km, rock-chip results reached 1,020 g/t Ag and 1.93 g/t Au, and drilling is planned below the historic Elizabeth Mine workings.

Mt Wandoo and Chillagoe Gold

Drilling began at Mt Wandoo after the quarter, with a 3,000m RC program testing resource extensions and infill. The current Inferred Resource is 905,000 tonnes at 1.11 g/t Au and 13 g/t Ag for 32,430 oz gold. First assays are expected around the end of November 2026.

At the Sentinel prospect near Chillagoe, hole RDR004 returned 1m at 2.97 g/t Au from 32m.

Corporate and Financial Position

A renounceable rights issue launched during the quarter closed after quarter end, raising $728,502 before costs to fund drilling at Mt Wandoo and Herberton. A drill-for-equity agreement with Centurion Drilling has also started.

Cash at bank was $2.27 million at 30 September 2026. Operating outflow was $288k, and the Appendix 5B estimates about 4.2 quarters of funding.

Key Takeaways

  • Copper Hills drilling confirmed multi-metal mineralisation open in all directions.
  • Mt Wandoo drilling is underway to grow the existing gold resource.
  • Further drilling at Herberton targets is planned for November.
  • A rights issue and drill-for-equity deal support the exploration program.