Waratah Minerals (ASX:WTM) | Consols Gold Zone Grows with Strong Drill Results Outside Existing Envelope
Episode: Waratah Minerals (ASX: WTM) - Consols Gold Zone Grows with Strong Drill Results Outside Existing Envelope
Announcement Date: 13 July 2026
In this episode of MarketOpen's Trading Titan podcast, host James covers the latest exploration update from Waratah Minerals, ASX ticker WTM, focusing on new diamond drill results from the Consols Gold Zone at the Spur Project in New South Wales.
Key facts from the announcement:
Five diamond drill holes returned results as part of an 80,000 metre growth and extensional drilling program.
Headline intercept from SPD048: 144 metres at 1.49 grams per tonne gold from 482 metres depth, including 81 metres at 2.42 grams per tonne, 13 metres at 4.72 grams per tonne, and 7 metres at 7.77 grams per tonne.
SPD048 delivered the project's third intercept exceeding 200 gram metres.
SPD052 returned a narrow half metre hit grading 58.47 grams per tonne gold within a broader 49 metre zone.
The mineralised envelope at Consols now spans more than 400 metres east to west, more than 500 metres north to south, and more than 600 metres vertically.
Mineralisation extended in multiple directions across SPD051, SPD052, and SPD056, pushing the known system further west, northwest, east, and north.
The company stated SPD048 provides closer spaced grade continuity data to inform geostatistics for a future resource estimate.
Hole SPD047 will be extended by an additional 300 metres following results from SPD031 and SPD052.
Drilling continues across four named targets: Spur, Consols, Ironclad, and Gazzards.
The company continues to assess targets within the wider 6 kilometre priority target zone at the margin of the Cargo Intrusive Complex.
What to watch: Further drill results as the program progresses, and the company's progression from extensional drilling toward formal resource estimation.
All content is factual and drawn strictly from the company's announcement. Nothing in this episode constitutes financial advice. Listeners should conduct their own research and consider their personal financial circumstances before making any investment decision.