Peregrine Gold (ASX:PGD) Starts Heritage Surveys at Coopers and Carneys CID Prospects

Aditi Sarkar

28 October 2026 05:03 PM AEDT

Peregrine Gold (ASX:PGD) Starts Heritage Surveys at Coopers and Carneys CID Prospects

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

Archaeological surveys have started at the Coopers Channel Iron Deposit (CID) Prospect, with Carneys to follow.
Both prospects are in the 100%-owned Newman Gold & Iron Ore Project in the Pilbara.
Up to 100 RC holes are planned at each prospect, subject to heritage approval.
The Karlka Nyiyaparli Aboriginal Corporation is assisting with the surveys.

Peregrine Gold Limited (ASX:PGD) has started heritage surveys at its Coopers and Carneys Channel Iron Deposit prospects within its 100%-owned Newman Gold & Iron Ore Project in the Pilbara region of Western Australia. The surveys are a key step before planned drilling.

Heritage Surveys Underway

An archaeological survey has begun at the Coopers CID Prospect, with a survey at Carneys to follow immediately. The Karlka Nyiyaparli Aboriginal Corporation RNTBC (KNAC) and its consultants are assisting.

The surveys cover proposed drill sites over outcropping and inferred target areas, along with access routes. Technical Director George Merhi thanked KNAC for coordinating the surveys so they can be completed one after the other.

Planned Drilling Programs

Subject to heritage approval, Peregrine plans up to 100 RC holes at each prospect. Drilling would begin at 400m spacing, with infill to 200m depending on visual inspection of grade and thickness.

Mr Merhi said the company is ready to begin two large-scale RC drilling programs once heritage approval is received, describing the balance sheet as reinvigorated.

Project Setting

The Coopers prospect is located near BHP's Western Ridge, while the Carneys prospect includes an outcropping zone and an inferred extension under cover.

The exploration results referenced in the announcement were previously reported in November 2025 under the title "Second High-Grade CID Prospect Identified at Newman".

Key Takeaways

Heritage surveys are the final step before drilling at Coopers and Carneys.
Up to 200 RC holes in total are planned across both prospects.
Back-to-back surveys could allow drilling to start sooner.
Peregrine says its balance sheet is ready to support the programs.

FAQs

Q: What has Peregrine Gold started?

A: Heritage surveys at its Coopers and Carneys CID prospects.

Q: Where are the prospects located?

A: In the Newman Gold & Iron Ore Project in the Pilbara, Western Australia.

Q: How many holes are planned?

A: Up to 100 RC holes at each prospect, subject to heritage approval.

Q: Who is assisting with the surveys?

A: The Karlka Nyiyaparli Aboriginal Corporation RNTBC and its consultants.

Q: What drill spacing will be used?

A: Initially 400m, with infill to 200m.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.