On 9 October 2026, Albion Resources Limited (ASX:ALB) announced that reverse circulation (RC) drilling has commenced at its Gidgee Gold Project in Western Australia. The RC program is targeting extensions to the German Well South gold target, while an aircore (AC) campaign continues across the broader project.

RC drilling at German Well South

Albion said mineralisation at German Well South has been identified over approximately 400 metres of strike. Historical drilling, previously reported on 2 March 2026, includes 21 metres at 5.4 g/t gold from 118 metres, 16 metres at 5.5 g/t gold from 41 metres and 15 metres at 2.1 g/t gold from 95 metres.

The RC program is initially focused on extensions of the known system, including areas where mineralisation remains open down plunge at depth in fresh rock below the oxidised zone. The announcement includes a long section showing modelled gold shells at 0.2 g/t and 0.5 g/t cut-offs.

The aircore campaign across the project

The AC campaign is testing shallow, near-surface targets in the oxidised zone across the project, with successful targets to progress to RC follow-up. The company named Virgo, Tokey Central and the Wilson Splay among regional targets, alongside the objective of building scale at German Well South.

Albion noted that the last recorded drilling across the project was in 2014, so the current AC and RC campaign is the first drilling across the project in approximately 12 years.

Regional setting described in the release

The project lies within the Gum Creek Greenstone Belt, which the release describes as having produced more than 1 million ounces of gold and as hosting approximately 2.8 million ounces of identified Mineral Resources across Horizon Gold’s Gum Creek Project and Brightstar Resources’ Montague Project. Albion states it has relied on that third-party information and has not independently verified it.

The Omega deposit, about 1 kilometre north of German Well South and owned by Horizon Gold, is cited as having historically produced approximately 84,000 ounces at an average of 5.3 g/t gold.

Sector backdrop

The Murchison and Gum Creek areas of Western Australia have a long Mining history and several nearby operations and resources. Exploration companies commonly use aircore drilling to test large areas at shallow depth, then follow up with RC or diamond drilling where results justify it.

Results from neighbouring deposits do not indicate outcomes at a different project, and the release itself states that the potential economic significance of its exploration results has not yet been established.

Risks shareholders should weigh

No new drilling results are reported. Historical intersections were previously reported and may not be repeated in new drilling, and mineralisation may not extend as targeted at depth in fresh rock.

The company states that further work is required before any conclusions regarding resources or development. Third-party resources and production data are not Albion’s own and have not been verified by the company.

Assay results from the AC campaign are expected over the coming weeks and RC assays in late November 2026, so timing may change. Exploration programs require funding, and drilling, assay laboratory and weather factors can affect schedules.

What’s next

RC drilling is continuing at German Well South, and AC drilling continues across the German Well area and the broader target pipeline. AC assay results are expected over the coming weeks and on an ongoing basis, and RC assay results are anticipated in late November 2026.