Key Highlights

  • LinQ Minerals reported a 429-metre visually identified mineralised interval in drill hole GBRCD021 at Gidginbung South on 20 October 2026.
  • The interval extends from approximately 321 metres to 750.3 metres downhole, with laboratory assays required to establish gold and copper grades.
  • The drilling indicates a possible extension of recognised mineralisation approximately 800 metres south of the previously identified Gidginbung boundary.
  • LinQ reported AUD 14.412 million in cash at 30 September 2026, supporting its planned 30,000-metre exploration programme.

LinQ Minerals Limited (ASX:LNQ) is an Australian mineral exploration company advancing the Gilmore Copper-Gold Project in central New South Wales. The project includes multiple identified deposits and exploration prospects across a prospective mineralised belt. LinQ Minerals Limited (ASX:LNQ) shares closed at AUD 0.62 on 10 November 2026. Its latest drilling at Gidginbung South has identified a substantial visually mineralised interval, providing additional geological information ahead of laboratory assay results.

Gidginbung South Drilling Identifies Extensive Mineralisation

On 20 October 2026, LinQ Minerals Limited (ASX:LNQ) announced observations from drill hole GBRCD021, its first deep hole at Gidginbung South.

Geological logging identified approximately 429 metres of visually observed mineralisation between 321 metres and the end of the hole at 750.3 metres.

The company interpreted the geological characteristics as potentially representing a stacked high-sulphidation epithermal and porphyry mineral system.

The intersection lies approximately 800 metres south of the previously recognised mineralisation boundary at Gidginbung.

However, visual observations do not establish copper or gold grades, and the economic significance of the interval remains undetermined.

Laboratory assays and further geological interpretation are required before the mineralisation can be assessed quantitatively.

Gilmore Project Resource and Exploration Activities

The Gilmore Project covers approximately 597 square kilometres between West Wyalong and Temora in New South Wales.

It includes more than 20 identified prospects and six defined mineral deposits.

The project's previously reported global Mineral Resource Estimate comprises approximately 516 million tonnes containing 3.7 million ounces of gold and 1.2 million tonnes of copper.

This estimate was included in the company's June 2025 replacement prospectus and does not incorporate the latest Gidginbung South drilling observations.

During September 2026, LinQ Minerals Limited (ASX:LNQ) outlined a planned 30,000-metre drilling programme targeting several prospective areas.

Earlier Gidginbung drilling returned 61 metres grading 2.3 grams per tonne gold equivalent in hole GBRCD016.

These results provide context for continued exploration across the broader mineralised system.

Financial Position and Exploration Funding

LinQ reported cash and cash equivalents of approximately AUD 14.412 million at 30 September 2026.

Its September quarterly Cash Flow report recorded net operating cash outflows of AUD 1.314 million, including exploration payments of approximately AUD 891,000.

The company estimated available funding at 10.97 quarters based on its reported quarterly expenditure.

For FY2026, LinQ recorded net Assets of approximately AUD 17.90 million and a net loss of AUD 7.68 million.

The available cash provides funding for ongoing drilling and technical evaluation, although future expenditure will depend on programme scale and exploration requirements.

Exploration Uncertainty and Upcoming Drilling

The principal uncertainty concerns the grade and continuity of mineralisation observed in GBRCD021.

Until laboratory assays are available, the visual interval cannot be treated as a quantified gold or copper intersection.

Additional drilling will also be necessary to determine whether mineralisation extends consistently between the currently tested areas.

LinQ Minerals Limited (ASX:LNQ) has outlined further drilling targeting a geophysical chargeability anomaly east of the reported intersection.

The proposed programme includes deeper holes designed to improve geological understanding of the potential mineral system.

Assay results, geological modelling and subsequent drilling will determine whether the observations justify further resource evaluation.

Key Insights

LinQ Minerals Limited (ASX:LNQ) has identified an extensive visually mineralised interval at Gidginbung South, suggesting a possible continuation of the broader Gidginbung mineral system.

The result remains preliminary because laboratory assays have not established mineral grades.

Further drilling and geological interpretation will be necessary to assess mineralisation continuity and any potential contribution to future resource estimates.