Pacific Resources Limited (ASX:PXR), a Queensland-headquartered ASX-listed mineral explorer, announced assay results on 2 September 2026 from drill holes DGWDDH005 and DGWDDH006 at the Dogwood Porphyry Cu-Mo project in the Lachlan Fold Belt of eastern Victoria. The results include the highest copper grade recorded at Dogwood to date — 0.9m at 1.10% Cu from 80.2m downhole, within a broader 1.5m at 0.79% Cu intersection in DGWDDH005. The results also confirm the first polymetallic porphyry-related Cu-Mo-W-Bi geochemical signature identified at Dogwood from laboratory assay.

About Pacific Resources

Pacific Resources Limited (ASX:PXR, ABN 20 075 877 075) is an ASX-listed mineral exploration company headquartered at Level 10, 320 Adelaide Street, Brisbane, Queensland. The company holds the Dogwood Porphyry Cu-Mo project (EL006977) in the Lachlan Fold Belt of eastern Victoria, where it has been testing a porphyry copper-molybdenum mineral system model initially drilled by First Au Limited (ASX:FAU) in 2022.

Dogwood Assay Results — Announced 2 September 2026

Holes DGWDDH005 and DGWDDH006 were selected as high-priority targets for laboratory assay based on portable XRF copper anomalism and logged sulphide mineralogy observed in the 2022 diamond drilling program. Selective half-core intervals of both holes were submitted for laboratory assay.

DGWDDH005 returned a 1.5m intersection at 0.79% Cu from 79.6m downhole, including 0.9m at 1.10% Cu — the highest copper grade reported at Dogwood to date, approximately 36% above the previous best intercept of 0.5m at 0.807% Cu in DGWDDH001. The 0.9m high-grade zone is hosted in a brecciated felsic host with sulphide veinlets. A second high-grade zone in the same hole returned 0.2m at 0.78% Cu with 9.4 g/t Ag from 73.6m in a quartz-sulphide vein. Significant molybdenum was also returned, with a peak of 975 ppm Mo (0.098%) at 85.9–86.2m, within a broader molybdenum-anomalous zone from 73.8m to 89.5m.

DGWDDH006 returned 3.3m at 0.27% Cu from 100.6m, including 0.7m at 0.67% Cu, in sulphidised chert breccia. This represents a new mineralised position approximately 170m south of DGWDDH005 and approximately 130m north of DGWDDH001, infilling the 001-005 corridor. Tungsten (up to 40 ppm W), bismuth (up to 83 ppm Bi), and elevated sulphur (up to 7.9% S) across both holes support a polymetallic porphyry-related Cu-Mo-W-Bi system, the first such signature confirmed by laboratory assay at Dogwood. Eight holes from the 2022 program remain to be assayed.

Industry Context

The Lachlan Fold Belt of New South Wales and Victoria hosts Australia's most significant porphyry copper-gold and epithermal gold-silver districts, including the Cadia-Ridgeway and Northparkes operations in NSW. The identification of a Cu-Mo-W-Bi polymetallic signature at Dogwood is geologically significant as it is consistent with the chemical fingerprint of porphyry-related hydrothermal systems in convergent Margin settings. Copper Demand is forecast to grow materially as electrification programs expand globally, supporting the Investment case for copper discovery and development.

Risks and Uncertainties

The Dogwood assay results are from selective intervals of two holes from a 14-hole program, with true widths not yet determined and eight holes remaining to be assayed. The intersections are narrow (0.9m high-grade, 1.5m wider interval) and the economic significance of the system cannot be assessed until broader drilling is completed to test strike and depth extensions. The porphyry copper-molybdenum model interpretation is based on laboratory assay, geological logging, and portable XRF data and remains to be tested by systematic follow-up drilling. Funding for further drill programs will depend on Pacific Resources' financial position and market conditions.