Duketon Mining (ASX:DKM) commences Boodanoo drilling as board reshapes

Duketon Mining has progressed to active drilling at its Boodanoo Gold Project, with an inaugural reverse circulation program now underway targeting defined geochemical anomalies, alongside a board transition that marks a period of both technical execution and corporate adjustment.

Highlights

• RC drill program underway at the Boodanoo Gold Project

• Program comprises approximately 1,000m across up to 20 drill holes

• Targeting +10ppb Au soil anomalies exceeding 650m in strike and up to 190m in width

• Anomalous gold results mapped over approximately 2km of strike

• Assays expected in four to six weeks following completion

• Drill rig to transition to the Barlee Project post-program

• Board change with appointment of Richard Bevan and resignation of Heath Hellewell

The Boodanoo program is designed to test beneath the highest-grade gold anomalies identified in soil sampling, with the +10ppb Au contour extending more than 650m in strike, reaching widths of up to 190m, and located immediately west and east of a small hill of outcropping gabbro.

In addition, anomalous gold values have been mapped across approximately 2km of strike, providing a broader exploration footprint for follow-up drilling.

From a geological standpoint, the scale and continuity of these anomalies underpin the rationale for drill testing.

The current program, consisting of approximately 1,000m across up to 20 holes, represents an initial pass aimed at assessing subsurface mineralisation beneath surface geochemical responses.

This approach reflects a targeted exploration strategy, focusing on priority zones rather than broader step-out drilling at this stage.

Operational sequencing is clearly defined, with the drill rig scheduled to transition directly to the Barlee Project upon completion of the Boodanoo campaign, ensuring continuity of exploration activity across the company’s portfolio and efficient utilisation of drilling resources.

Operational sequencing is clearly defined, with the drill rig scheduled to transition directly to the Barlee Project upon completion of the Boodanoo campaign, ensuring continuity of exploration activity across the company’s portfolio and efficient utilisation of drilling resources.

In parallel with exploration activity, Duketon has implemented changes to its board composition, with Heath Hellewell resigning as Non-Executive Director effective 19 March 2026 and Richard Bevan appointed to the board.

Mr Bevan has experience as a Managing Director, CEO, Chairperson and Non-Executive Director across both listed and unlisted companies.

His previous roles include founding Managing Director of Cassini Resources and non-executive director of Cannon Resources, and he currently serves as Non-Executive Chairperson of Narryer Metals, Killi Resources and TG Metals.

The appointment includes a proposed issue of 500,000 unlisted options, exercisable at 20 cents and expiring 27 November 2030, subject to shareholder approval at the next general meeting.

The company has indicated that the number of options has been determined with reference to market practices in the junior exploration sector.

Chair Seamus Cornelius acknowledged the contribution of the outgoing director, stating,

“I am grateful to Heath for his guidance and support during his time on the Board. His input has always been insightful and welcomed. We sincerely wish Heath the best for his future endeavours.”

The immediate focus for Duketon remains the outcome of the Boodanoo drilling program.

Assay results will determine the extent to which the identified geochemical anomalies translate into subsurface mineralisation, while the planned transition to Barlee ensures ongoing exploration momentum across its asset base.

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