Highlights
- West Spargoville drill results included a peak channel sample of 2.65% Li2O along the Spargoville Dyke trend in the Norseman region.
- A two-kilometre gold trend has been identified at West Spargoville that remains entirely undrilled and untested.
- A 2,000-metre RC drilling program is planned to test both the gold trend and high-grade lithium targets.
- Marquee Resources held approximately A$2.2 million in cash at 30 September 2026 with no debt.
Marquee Resources Limited (ASX:MQR) reported the identification of a two-kilometre undrilled gold trend at its West Spargoville project near Norseman in Western Australia, alongside rock chip results that included a 2.65% Li2O channel peak from the Spargoville Dyke.
Lithium Results
Channel sampling along the Spargoville Dyke at West Spargoville returned a peak result of 2.65% Li2O, described as the highest-grade lithium result recorded on the project to date. The company noted that spodumene pegmatite is the host mineral and that the dyke extends along a strike length that has not yet been fully tested by drilling. Other channel samples returned grades of 0.5–1.5% Li2O across shorter widths. No resource estimate exists at West Spargoville. The company said the 2.65% result is above typical cut-off grades used in resource estimation at many spodumene projects, though resource estimation requires drill-defined three-dimensional continuity that channel sampling does not provide.
The Gold Trend
The company identified a two-kilometre gold trend within the West Spargoville tenure based on a combination of historic small-scale workings, rock chip assays and structural mapping. The trend is described as entirely undrilled. Marquee said the trend passes through areas where historical alluvial and hard-rock gold mining took place. Gold and lithium occurring on the same tenement from different host rocks is unusual, and the company said both targets will be tested in the planned RC campaign. No gold grades from rock chip sampling over the trend were disclosed.
Planned Drilling
A 2,000-metre RC program is planned, targeting both the Spargoville Dyke at depth below the best channel samples and selected sections of the two-kilometre gold trend. No start date was committed to in the announcement. Cash at 30 September 2026 was approximately A$2.2 million, and the company said it is investigating additional funding options to underpin the program.





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