Waratah Minerals Limited has intersected a broad eastward and down-plunge extension of the mineralised system at the Consols Zone, alongside a shallow high-grade zone, at the Spur Project in New South Wales.

Drill hole SPD074 extended known mineralisation 75 metres eastwards and down plunge, while returning a shallow gold interval of 12.7 metres at 1.35 g/t gold from 44 metres downhole, including 5.0 metres at 3.24 g/t gold from 44 metres.

The hole also intersected multiple deeper gold zones, including 21.0 metres at 1.45 g/t gold from 489 metres, 23.5 metres at 2.12 g/t gold from 563 metres, and 185 metres at 0.94 g/t gold from 646 metres, which included 7.07 metres at 2.67 g/t gold from 692.93 metres. A further deep intercept returned 74.9 metres at 0.98 g/t gold from 845.1 metres, including 28.0 metres at 1.51 g/t gold from 879 metres.

Additional definition and expansion drilling at the Spur Zone yielded further intercepts. Hole SPD088 extended mineralisation 50 metres north along the Tywi Fault, returning 5.7 metres at 0.78 g/t gold from 27 metres and 190 metres at 0.45 g/t gold from 419 metres.

Hole SPD060A intersected 4 metres at 1.10 g/t gold from 75 metres and 26.7 metres at 0.58 g/t gold from 270 metres. Hole SPD081 expanded mineralisation 65 metres north, returning 9 metres at 0.64 g/t gold from 154 metres and 29.43 metres at 0.93 g/t gold from 580 metres.

The current assays form part of Waratah Minerals' ongoing 80,000-metre growth and extensional drilling campaign across the Spur Project. Rigs are currently active across Spur, Consols, and Ironclad.

The Consols Gold Zone continues to grow, with drill hole SPD074 delivering an exceptional result - it not only extends the known mineralised system by approximately 75m to the east and down plunge but also identifies a new previously unrecognised zone of shallow, high-grade gold mineralisation from a depth of 44m downhole.

— Peter Duerden, Managing Director

In the surrounding district, Resolution Minerals Ltd reported broad gold mineralisation from its Spur South project in August 2026, including an intercept of 305.7 metres at 0.64 g/t gold from surface in hole HH-GG26-003C.

Read the full announcement: Major Step-Out Hole Extends Consols