Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to report on its activities for the quarter ended 30 June 2024.

HIGHLIGHTS

Golden Range and Fields Find Projects, Western Australia

• Remaining nine (9) assay results from Phase 1 2024 RC drilling at Ricciardo returned significant intervals of high-grade gold mineralisation, including:
  • 8m @ 11.40 g/t Au from 166m (RDRC041), including
    • 3m @ 22.38 g/t Au from 167m
  • 8m @ 2.63 g/t Au from 160m (RDRC034)
  • 4m @ 14.49 g/t Au from 188m (RDRC039), ending in mineralisation
  • 12m @ 1.91 g/t Au from 74m (RDRC040), ending in mineralisation
• Diamond drilling program, for 29 holes and approximately 2,500m, commenced at Ricciardo and M1. Results returned after the June quarter end for the first twelve (12) diamond tails (for 770m) intersected significant gold mineralisation, including:
  • 19m @ 4.94 g/t Au from 188m (RDRC039 DD) (includes contiguous final RC result of 4m @ 14.49 g/t from 188m)
  • 8.9m @ 8.93 g/t Au from 156m (M1RC191 DD), including
    • 2m @ 23.83 g/t from 158m
  • 12m @ 6.98 g/t Au from 110m (RDRC040 DD), including
    • 3m @ 22.12 g/t Au from 112m
  • 16m @ 2.30 g/t Au from 243m (RDRC055 DD), including
    • 6m @ 3.13 g/t Au from 252m
  • 17m @ 2.38 g/t Au from 264m (RDRC055 DD) including
    • m @ 4.03 g/t Au from 273m
• Results to date at Ricciardo substantially increased the known extent of the high-grade shoots beneath the historic Silverstone and Ardmore pits; confirm the presence of a (new) high-grade shoot below the Eastern Creek pit; and expand the mineralised deposit area below the Silverstone and Silverstone South area.
• Results for the first Resource infill diamond hole at M1 returned significantly higher grade than expected, confirming the high-grade extension potential at this deposit.
• Phase 2 2024 RC drilling program at Ricciardo and M1, for 25 holes and approximately 5,024m is complete. A large proportion of these RC meters are ‘pre-collars’ for the diamond tails.
• The diamond drilling program, the first at Ricciardo and M1 in over 10 years, is still ongoing and expected to be completed by mid-August.

Big Springs Project, Nevada

• Proposed Plan of Operation (PoO) application continues to progress.

Corporate

• Asset Sale Agreement pertaining to the acquisition of non-core tenements E59/1324-I, M59/386-I, M59/387-I and M59/425-I (Deferred Assets) terminated, with the date for satisfaction of required conditions precedent passing.
• Cash of A$3.6 million as at 30 June 2024 and zero debt (excluding typical trade creditor balances).

Western Australian Projects

The Golden Range and Fields Find Projects (the Projects) are located approximately 350 km northeast of Perth and 260 km east-southeast of Geraldton (refer Figure 1). The total consolidated land package of the Projects is 788 km², extending for over 70 km of strike from north to south and covering much of the central Yalgoo-Singleton and Warriedar Archean greenstone belts.

Total historical gold production from Golden Range and Fields Find was 350 koz, with the existing oxide plant placed on care and maintenance in August 2019.

The current JORC (2012) Mineral Resource estimate for Golden Range is 15.2 Mt at 1.7 g/t Au for 816 koz contained gold (of which 412 koz at 1.7 g/t Au sits in the Measured and Indicated classifications). For further Mineral Resource estimate details, refer to ASX release dated 28 November 2022.

Click here for the full ASX Release

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