Highlights:

  • Marquee Resources was trading at AUD 0.0040, flat during the afternoon Trading session on 19 August 2026.
  • The company is planning an eight-hole, 1,125m first-phase RC drilling program at the Yindi Gold Project.
  • Drilling will test refined gold targets identified through geostatistical analysis and historical exploration data.
  • A historical intercept of 2m at 12g/t gold remains a key target within the priority corridor.
  • Yindi covers approximately 180km² of tenure near established gold operations in Western Australia.

Marquee Resources Ltd (ASX:MQR) has outlined its first-phase reverse circulation (RC) drilling campaign at the Yindi Gold Project in Western Australia, targeting refined exploration zones identified through historical drilling, geochemistry and geological interpretation.

Marquee Resources was trading at AUD 0.0040, unchanged during the afternoon trading session on 19 August 2026, while the company’s shares remained down 60.00% over the past year. The company’s latest market update detailed its planned eight-hole drilling program designed to test priority gold targets across the project area.

Yindi Gold Program Targets Refined Exploration Corridors

Marquee plans to complete an initial eight-hole RC drilling program totalling approximately 1,125 metres at Yindi.

The campaign will focus on testing the central corridor and two secondary step-out positions identified through a refined target ranking process.

The first phase program includes six holes targeting the highest-ranked geostatistical clusters within the central corridor and two holes testing adjacent anomalies and structural extensions.

The objective of the program is to test beneath regolith expression and assess whether the identified exploration corridors connect with primary gold mineralisation in fresh rock.

Historical Gold Results Support Drill Targets

The Yindi Project contains historical drilling data that Marquee has reassessed as part of its updated targeting approach.

A key target is a historical intercept of 2 metres at 12 grams per tonne gold from 82 metres, located at the intersection of interpreted structural features.

The company stated that previous drilling was generally shallow and that transported cover may have limited the effectiveness of earlier exploration programs.

Marquee is targeting deeper extensions of mineralisation rather than relying solely on surface geochemical responses.

Geostatistical Analysis Refines Gold Exploration Strategy

Marquee has applied geostatistical analysis to more than 6,000 soil samples and 577 historical drill holes across Yindi.

The company identified gold and arsenic as the primary signals used in its target ranking model, while antimony and iron were used as filtering factors to reduce lower-priority anomalies.

The refined model identified a number of priority areas, including the central corridor, which contains a 4km by 1.7km dispersion halo with supporting historical gold intersections.

Marquee stated that the approach is designed to improve target selection before committing further exploration expenditure.

Central Corridor Represents Lead Exploration Target

The central corridor is considered the company’s highest-priority target area at Yindi.

The target includes a broad geochemical dispersion halo and is located near interpreted structural intersections and favourable geological contacts.

The company’s geological model suggests that gold mineralisation may be controlled by structures and mafic contacts beneath transported cover.

Marquee plans to use the initial RC drilling campaign to test whether these geological interpretations are supported by subsurface results.

Additional Targets Provide Follow-Up Opportunities

Alongside the central corridor, Marquee has identified additional exploration targets across Yindi.

A second high-conviction target is located at the intersection of a NNW-SSE structural corridor and a NE cross-structure, where historical drilling returned 2 metres at 12g/t gold beneath limited surface geochemical response.

A further target area is located along a granite-greenstone contact extending approximately 3 kilometres, where structural settings are considered prospective for gold mineralisation.

The company intends to use results from the first-phase drilling program to guide potential follow-up activities.

Yindi Project Located Within Western Australia Gold Setting

The Yindi Project covers approximately 180 square kilometres of tenure located approximately 45 kilometres south of Carosue Dam.

Marquee stated that the project sits on a major Yilgarn geological structure within a region with established gold operations.

The company has identified multiple exploration opportunities across the tenure package using historical datasets, geochemical analysis and geophysical interpretation.

Next Steps for First Phase Drilling

The planned RC drilling campaign is expected to take approximately 14 days on-site, excluding mobilisation, earthworks and assay turnaround periods.

The company intends to use results from the program to determine whether further RC drilling, deeper testing or additional target prioritisation is required.

Marquee will assess drill outcomes alongside its geological model to guide future exploration decisions at Yindi.

Investor Takeaway

Marquee Resources’ latest update outlines its first direct test of refined gold targets at the Yindi Gold Project following reassessment of historical exploration data.

Investors may continue monitoring the commencement of RC drilling, assay results, validation of the geological targeting model and potential follow-up exploration activities.