AUC expands Kulin exploration ground
Licence covers northern extension of the Yandina Thrust with exploration defining +3km gold anomaly
Upcoming drilling will test high high-priority gold-in-soil and trenching anomalies
Special Report: Ausgold has expanded the footprint of its Kulin project in WA after reaching a farm-in agreement to acquire a majority stake in an adjacent exploration licence highly prospective for gold.
The 106km2 E70/5077 exploration licence covers the northern extension of the Yandina Thrust – a fertile structure hosting the nearby Griffins Find and Tampia gold mines.
Geochemical sampling has defined a +3km long coherent +10ppb gold-in-soil anomaly with two central +50ppb 'bullseye' targets that have strike lengths of 600m each.
Trenching over these bullseye targets returned results of 31m at 1g/t gold and 20m at 0.6g/t gold.
Deep diamond holes drilled to test a 300m down-dip continuation of surface mineralisation returned up to 3m grading 2.37g/t gold from a down-hole depth of 341m.
Mapping and auger sampling by Ausgold (ASX:AUC) within its wholly-owned tenure at Kulin, which is 75km north of the flagship Katanning gold project, identified a mineralised trend hosted within greenstone stratigraphy northeast and east of E70/5077.
This newly defined trend represents a compelling exploration opportunity and will be the focus of further auger sampling in Q1 FY26, with the aim of delineating additional drill-ready targets across the broader region.
Regional geological map highlighting the Critica farm-in tenure. Pic: Ausgold
Farm-in agreement
Under the farm-in agreement, the company can earn up to 70% in the exploration licence by first spending $250,000 within 18 months to earn an initial 51%.
It can increase this to 70% by spending another $360,000 over the following 24 months.
Once completed, the vendor Critica (ASX:CRI) will retain a 30% interest with the right to convert it into a 1.5% net smelter royalty at a decision to mine.
'The farm-in to E70/5077 is a strategic step in expanding our regional footprint across the eastern Katanning Greenstone Belt,' executive chairman John Dorward said.
'This new tenement complements our strong regional landholding surrounding our flagship Katanning gold project, which includes the Kulin project as well as other advanced exploration prospects such as Duggan and Nanicup Bridge-Zinger.
'This agreement directly aligns with our strategy to establish a regional production hub at the Katanning gold project, by discovering and developing high-quality, near-surface satellite deposits that can leverage our existing infrastructure and scale.'
AUC will lodge the Program of Work in Q1 FY2026 and expects to start maiden drilling on the new licence in Q2 or Q3 FY2026.
This will target high-priority gold-in-soil and trenching anomalies to unlock the project's discovery potential.
This article was developed in collaboration with Ausgold, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
44 minutes ago
- News.com.au
Mount Waverley home stuns with $2.33m auction result
A Mount Waverley home has fetched $2.33m after a six-way bidding war — smashing reserve by $280,000 — as desperate downsizers beat out younger families for one of the suburb's only move-in ready homes this weekend. The single-level four-bedroom home at 38 Windsor Ave, was one of 16 properties to go under the hammer in the prized school zone on Saturday, but stood alone in offering a fully renovated, single storey move-in-ready lifestyle with pool, alfresco deck and luxe interiors. Heavyside Boroondara auctioneer Steven Zervas said the campaign drew more than 80 inspections, with 30 people attending the auction and six active bidders vying for the keys. Where Melb homes sell in 22 days 'Bidding opened at $1.9m, right at the bottom of the guide, and once it hit the $2.05m reserve it just didn't stop,' Mr Zervas said. 'We had really strong depth and competitive energy.' Mr Zervas said the eventual buyers, a semi-retired couple who had been renting just around the corner after relocating from the UK had already missed out on two properties and weren't going to let this one go. 'The underbidders were also downsizers, and they were gutted,' he said. 'The rest of the competition came from younger families who were just as keen, this was a home that really crossed demographics.' Featuring a deluxe kitchen with dual ovens, multiple living zones, a designer ensuite, and a seamless indoor-outdoor layout anchored by a salt-chlorinated pool, the home was marketed as a luxury family entertainer with zero renovation required. 'This was the only turnkey house on the market this weekend,' Mr Zervas said. 'Everything else that went to auction for this type of asset was a unit, townhouse or a knockdown.' Mr Zervas said the result showed strong demand from buyers with 'zero appetite' for major renovations, especially among those chasing access to Mount Waverley Secondary College, Avila, Huntingtower and Wesley. 'With school enrolments on parents' minds, people are planning now, not waiting for spring,' he said. 'August and September are sweet spots. 'Once spring hits, your home could be one of 30 auctions on the same day.'
ABC News
2 hours ago
- ABC News
Australian Army's new Precision Strike Missile fired at NT's Mount Bundey during Exercise Talisman Sabre
The Australian Army has test fired its newest long-range missile for the first time, launching the weapon from a remote army training base in the Northern Territory. The Precision Strike Missile (PrSM), which can hit distant targets with minimal warning and high accuracy, was fired from the Mount Bundey Training Area, south-east of Darwin, on Friday. It hit its target over 300 kilometres away in four minutes and three seconds, reaching speeds of roughly 4,050 kilometres per hour — more than three times the speed of sound. Fired from US-made High Mobility Artillery Rocket Systems (HIMARS), the PrSM can strike targets at distances of up to 500 kilometres with precision — a significant leap from the Australian Army's previous long-range strike range of just 30 kilometres. At a press conference at Mount Bundey on Friday, Defence Industry Minister Pat Conroy said the new weapon marked the day the "Australian Army enters the missile age". "This is all about extending deterrence in the Indo-Pacific, all about signalling to any potential adversary that pain can be inflicted — all about deterring war through strength," he said. Developed for the United States Army, the PrSM was sent to Australia last month as part of a $310 million deal with the US. The deal locks in Australian access to munitions, technological advancements and the option for future domestic manufacturing and maintenance. The missile launch was conducted as part of Exercise Talisman Sabre, a joint military exercise involving more than 40,000 military personnel from 19 nations, including the US. This year marks the largest iteration of the exercise since it began in 2005 as a way to practice maritime operations, air combat and live-fire exercises with international partners. On Friday, the Secretary of the United States Army, Dan Driscoll, was more forthright in his assessment of where the message of deterrence was aimed at. "President Trump, [the United States Secretary of Defence] Pete Hegseth and the rest of the Pentagon team have been very clear that our pacing threat is China," he said. While the US Army's chief of staff, General Randy George, did not respond directly to questions about an imminent threat, or whether there were enhanced capabilities in China, he said keeping up with technological advancements was "what keeps us up at night". "What we are trying to do is to transform as rapidly as possible," he said. Alex Miller, the US Army's chief technology officer, said the PrSM's high speed halved the amount of warning time given to a potential enemy. He also said while the missile's explosion would not "level a city", its precision, driven by advanced navigation, was what made it lethal. "When you think about having six to seven minutes rather than 15 to 20 minutes, that's a lot less time for [a target] to pack up and roll out if they learn that they are being shot at," he said. In a statement from Mr Conroy's office, a spokesperson said future upgrades to the PrSM could include an extended strike range of over 1,000 kilometres, improved sensors and novel warheads.
News.com.au
4 hours ago
- News.com.au
Cult Western Suburbs chicken chain opens in Sydney's East
Western Sydney's cult-favourite charcoal chicken institution, El Jannah, has officially landed in the Eastern Suburbs. The iconic Western Suburbs institution, which launched in Granville in 1998, is famous for its mouth-watering chicken and legendary garlic sauce. It has now opened its first store in the city's east, with the Randwick location on Belmore Road celebrating its grand opening on Saturday. To mark the milestone, anyone with the name Charlie (or any variation – Charles, Charlotte, Charlene, etc.) eats for free, provided they bring ID. For everyone else, their famous quarter chicken meal (with chips, garlic sauce and a drink) is just $5. Videos posted on the business's social media show huge lines snaking around the block, as families, couples, friends and singles waited their turn to get their hands on the famous chicken. The foodie corner of the internet has lit up with excitement and rave reviews. DJ Mistah Cee posted on TikTok that he was excited about the 'greatest chicken known to man' coming to the East. Meanwhile, Miss Double Bay, a local influencer, told her followers: 'El Jannah has infiltrated the East, nature is healing'. Other customers called it 'the best' and the chicken 'juicy'. The Randwick outpost will offer the full menu, including their famous falafels, pickles, fresh rolls and tabouli. 'Opening in Randwick is a milestone moment for us and a reflection of Sydney's ever-growing love for charcoal chicken,' said Adam Issa, Head of Marketing at El Jannah. 'What began as a single family-run store has grown by keeping true to our founding principles; serving honest food, made with care, and shared with community.' The store was founded by Lebanese immigrants Andre and Carole Estephan, who waited 11 years until they opened a second store in Punchbowl. Now, El Jannah is a huge franchise with over 40 locations across New South Wales and Victoria. The Randwick opening has redrawn the city's 'Red Rooster Line' – an online theory that if you plot Red Rooster locations across Sydney, a boundary emerges between the city's north east from the south west. It's also known colloquially as the Latte Line, the Colorbond Fence and the Quinoa Curtain. Honi Soit expanded on the idea when they said it wasn't just Red Rooster that defined Sydney geography, but other chains that also helped shape the city's boundaries. El Jannah's Randwick store is the sixth outpost to cross the Red Rooster Line.
