West Cobar Metals (ASX:WC1) drilling completed at Mystique Gold Project

West Cobar Metals has completed an aircore drilling campaign at its 100 per cent owned Mystique Gold Project, located approximately 240 kilometres east of Kalgoorlie.

The work marks a further step in the company’s ongoing exploration activities across Western Australia and New South Wales, as it seeks to evaluate the potential of a portfolio that spans gold, copper, antimony and critical minerals.

Highlights

• 66 aircore holes drilled for 4,262 metres
• Targets tested at the Themis South and Torquata prospects
• Widespread gold anomalism intersected in transported cover, saprolite and bedrock
• Final assay results expected in November

The Mystique drilling program was designed to test two areas supported by earlier indications of gold mineralisation, using aircore drilling as a cost-efficient method suited to early to mid stage exploration where it can provide valuable geological and geochemical context beneath shallow cover.

The completion of the program allows the company to move to the interpretive phase, in which assays will ultimately determine whether further targeted drilling is justified.

The Themis South and Torquata prospects were chosen on the basis of historical intersections and previous exploration datasets that suggested geochemical responses indicative of gold-bearing systems.

The objective of the program was to refine geological understanding, provide coverage across structural trends and identify zones with potential continuity.

The observation of anomalism across several regolith domains indicates that gold-associated signatures are present within the project area, though the scale, grade and distribution remain to be determined.

West Cobar Metals Managing Director, Matt Szwedzicki, noted the progression of the program and the near-term focus on laboratory outcomes, stating:

“With the successful completion of our drilling programme and all our samples in for assay, we await the results, which are expected this month.”

Exploration at Mystique sits alongside the company’s broader development and exploration strategy.

West Cobar is also progressing the Bulla Park copper antimony project in New South Wales and the Salazar Project in Western Australia, which contains rare earth elements, titanium dioxide, scandium and high purity alumina potential.

The presence of multiple commodities across different projects provides optionality in response to evolving sector conditions and commodity demand cycles.

In the context of the industry, explorers in Western Australia continue to focus on both established gold regions and previously underexplored corridors where cover or geological complexity limited the effectiveness of earlier work.

The use of systematic aircore drilling as an initial screening method has become common in such environments, as it assists in identifying subtle geochemical halos that may not be evident at surface.

The completion of drilling is a key milestone, but the decisive phase lies ahead when assay results are received and integrated into geological models, at which point the company will determine whether coherent mineralised zones or structural trends warrant follow up reverse circulation or diamond drilling to assess depth continuity and grade distribution.

Conversely, if the results are more dispersed, the data will nonetheless inform the geological framework and refine future target selection.

West Cobar’s next update will likely centre on assay outcomes and the implications for further exploration activity.

For investors, the focus now shifts to the interpretive phase, where the technical significance of the program will become clearer as the company evaluates the path forward at Mystique.

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