Stock Analysis

Ten additional diamond drillholes were approved at Trunkey Creek, doubling Phase 1 to 20 holes for about 4,487 metres across the northern Wilson's Reef area. A further 28 reverse circulation holes were approved for Phase 2 in the southern section of the goldfield.

The bankable feasibility study reports an undiscounted pre-tax free cash flow of A$104 million, an NPV8 of A$87 million and an IRR of 417% at a base case gold price of A$6,000 per ounce. Open pit production is 220,000 tonnes at 5.0 grams per …

Drilling at Briggs is part of a pre-feasibility study that assesses a large-scale, long-life open cut mine. At a 0.15% copper cut-off, the current Mineral Resource Estimate contains 2.0 million tonnes of copper, 73 million pounds of molybdenum and 16.5 million ounces of silver. …

Engineers GR Engineering and GHD are progressing development through de-risking of the HPA project and confirming project economics. Final third-party processing packages are being integrated into front-end engineering design studies.

The company describes Kestrel as a shallow, high-grade, greenfield copper-gold discovery. The discovery hole returned 15 metres at 8.6 grams per tonne gold and 0.54% copper from 78 metres, including 2 metres at 56.7 grams per tonne gold and 0.88% copper from 81 metres.

Maiden drilling has started at Bailundo, and samples from seven holes have been dispatched for analysis. First assays are expected in mid-November 2026.

The company's flagship Colosseum Gold-REE Project was dominated during the quarter by a preliminary injunction issued by the District Court in California. The injunction arose from proceedings brought by the National Parks Conservation Association against various US government agencies and individuals. Dateline said the …