The Day’s Play Edition 64: ASX gold and resource development updates | Production, scale and processing pathways advance

Great Boulder Resources (ASX:GBR)

Acquisition secures 481000oz resource and ore purchase agreement

Great Boulder announced it has entered a binding agreement to acquire the Peak Hill Gold Project from Westgold in Western Australia

The Play

• Acquired Peak Hill Gold Project for $25M cash shares and 1% NSR royalty

• Added 9.4Mt at 1.6g/t Au for 481000oz JORC Mineral Resource
• Executed Ore Purchase Agreement with Westgold across Bluebird Fortnum and Tuckabianna mills
• Raised $40M via two tranche placement
• Entered Strategic Collaboration to evaluate development options for Side Well

The Pitch

• Peak Hill includes 7 granted mining leases 1 exploration licence and 7 miscellaneous licences

• Resource defined at 9.4Mt at 1.6g/t Au for 481000oz across five deposits
• Historical production exceeds 900000oz from underground and open pit mining activities
• Project located approximately 100km from Side Well and within trucking distance of regional mills
• Ore Purchase Agreement defines monthly ore tonnage ranges across three mills

The Next Overs

• Complete acquisition and placement subject to shareholder and regulatory approvals

• Deliver updated Peak Hill Mineral Resource Estimate within 6 months
• Undertake 60000m multi rig drilling programme across Peak Hill and Side Well

Read full ASX Announcement here.

Pacgold (ASX:PGO)

White Dam Starts Funding Its Own Growth

Pacgold announced its first gold doré pour from White Dam in South Australia

The Play

• First gold pour delivered Pacgold’s maiden doré bar within 5 months of acquisition

• Doré bar weighed approximately 3kg for estimated unreconciled 80oz of gold
• Doré has been shipped to Perth Mint for refining and sale
• Gold sale is expected to confirm Pacgold’s transition from explorer to producer
• Gold production from re-crushed final lift is underway

The Pitch

• White Dam sits 80km east of Broken Hill in South Australia

• The operation includes open pits, heap leach infrastructure and processing facilities
• Plant refurbishment is complete except for one final CIC column
• Pacgold is targeting re-crushing and leaching throughput of 90kt per month
• White Dam was acquired in December 2025

The Next Overs

• Recovery from the first 40,000t parcel is expected within 3 weeks

• A further 200,000t is scheduled for irrigation by late May
• Vertigo resource drilling assays are expected next week

Read full ASX Announcement here.

Gorilla Gold (ASX:GG8)

9.3m at 20.6g/t defines new footwall lode

Gorilla Gold announced a new footwall lode discovery at the Sovereign Deposit within the Comet Vale Project, WA

The Play

• Intersected 9.3m at 20.6g/t Au from 414.8m in new Sovereign footwall lode

• Returned 4.2m at 13.0g/t Au from 360.3m in Sovereign drilling results
• Recorded 0.5m at 36.9g/t Au from 266.8m in recent drilling results
• Identified mineralisation 50m into footwall of main Sovereign lode position
• Drilling continues across Comet Vale, Mulwarrie and Vivien projects

The Pitch

• Comet Vale Mineral Resource Estimate totals 0.86Moz at 3.7g/t Au

• North Kalgoorlie Hub resource totals 1.2Moz at 3.7g/t Au
• Projects located on granted Mining Leases near transport and processing infrastructure
• Sovereign system extends across multi kilometre strike and at least 600m depth
• Gorilla holds 100% ownership across Comet Vale, Mulwarrie and Vivien projects

The Next Overs

• Conduct resampling of historical holes intersecting new footwall lode position

• Execute diamond and RC drilling to assess scale of new lode
• Continue extensional drilling at Sovereign, Mulwarrie and Vivien projects

Read full ASX Announcement here.

Podium Minerals (ASX:POD)

All Holes Confirm Parks Reef Model

Podium released assay results from 17 metallurgical diamond holes at Parks Reef in Western Australia

The Play

• All 17 holes intersected both PGM and Cu Au zones at expected depths

• Results confirmed the geological and resource model across a 3.3km drilling footprint
• Area 2 drilling validated continuity at the eastern extension of the deposit
• 15 of 17 holes defined high grade hanging wall and footwall domains
• PRDD022 returned 2.4m at 2.52 g/t 5E PGE from 96m

The Pitch

• Parks Reef is Podium’s flagship platinum group metals project in Western Australia

• Area 1 drilling covered approximately 2.5km of strike length
• Area 2 drilling covered approximately 800m of strike length
• PGM intercept widths ranged from 10m to 24m downhole
• Sulphide drilling produced approximately 2 tonnes of metallurgical sample

The Next Overs

• Rhodium and iridium assays remain pending for 4 PQ holes

• Six deeper holes drilled to 430m to 510m remain pending
• Four oxide RC holes will support process development work

Read full ASX Announcement here.

Dreadnought Resources (ASX:DRE)

High Recoveries De Risk Metzke Development Path

Dreadnought announced metallurgical test results from Metzke’s Find at the Illaara Gold Project in Western Australia

The Play

• Test work confirmed Metzke’s Find mineralisation is free milling and non refractory

• Combined gravity and CIL recovery averaged 98.9% across all grind sizes
• Gold recovery reached 99.5% at the 75μm grind size
• Gravity recovery averaged 78.5% at the 212μm grind size
• Leach extraction was largely completed within 8 hours

The Pitch

• Metzke’s Find hosts a 2023 Resource of 14,900oz at 6.8g/t Au

• The current Resource remains 72% Indicated and open at depth
• Most mineralisation is contained within 140m of surface
• Metzke’s Find sits within Dreadnought’s 100% owned Illaara Gold Project
• Illaara covers approximately 800km² across 70km of greenstone belt strike

The Next Overs

• Updated and upgraded Metzke’s Find Resource is scheduled for July 2026

• A study will follow the updated Resource
• Additional metallurgical and geotechnical test work is planned

Read full ASX Announcement here.

Maritana Minerals (ASX:MRT)

Burbanks Drilling Strengthens Resource Upgrade Path

Maritana reported Phase 1 drilling results from Burbanks in Western Australia

The Play

• Phase 1 drilling improved geological confidence at Burbanks North and Underground

• Results supported continuity and extensions beyond the current Inferred Resource envelope
• 26HBBD044 intersected 4.20m at 42.43g/t Au including 1.37m at 126.93g/t Au
• 26HBBD038 intersected 0.63m at 24.32g/t Au including 0.30m at 40.95g/t Au
• Southern drilling commenced targeting shallow high grade mineralisation

The Pitch

• Burbanks historically produced 324koz at 22.7g/t Au underground

• Current JORC Resource totals 6.05Mt at 2.39g/t Au for 465,600oz
• Burbanks North is included in the current life of mine plan
• Burbanks Underground is not included in the current life of mine plan
• Maritana owns Burbanks, located 9km south of Coolgardie

The Next Overs

• Assays remain pending from 4 Phase 1 drill holes

• Updated Mineral Resource Estimate is scheduled for June 2026 quarter
• Ore Reserve studies will follow the updated Mineral Resource Estimate

Read full ASX Announcement here.

White Cliff Minerals (ASX:WCN)

Danvers Keeps Expanding Into Untested EM Corridor

White Cliff reported new visual copper sulphide observations from Danvers in Nunavut, Canada

The Play

• Visual sulphides now extend across more than 1.8km at Danvers South

• The new mineralised footprint is double 2025 drilling coverage
• DAN26008 observed 55m of copper sulphides in the main EM anomaly
• DAN26008 extended mineralisation 580m northeast of DAN26005
• DAN26006 observed 37m of copper sulphides along the fault zone

The Pitch

• Danvers hosts 950m of defined strike at the original copper deposit

• DAN25019 previously intersected 30.5m at 2.49% Cu from 7.62m
• The Teshierpi Fault Zone hosts multiple EM and magnetic targets
• DAN26008 was the first hole drilled into this multi kilometre conductor
• New zones remain open along strike and untested at depth

The Next Overs

• Step out drilling continues northeast along the conductivity anomaly

• Samples have been dispatched to ALS Laboratories for assays
• Assay results are expected within 4 weeks

Read full ASX Announcement here.

Altitude Minerals (ASX:ATT)

Historical Drilling Reopens Untested Nevada Gold System

Altitude secured an exclusive option over the W gold-silver project near Winnemucca, Nevada

The Play

• 40 of 43 historical holes intersected gold mineralisation across the project

• 7 historical holes ended in mineralisation and remain open at depth
• Historical drilling did not test high grade boiling or feeder zones
• Quartz calcite veins outcrop up to 30m wide across ~1,800m strike
• Altitude secured an exclusive option to purchase the W Project

The Pitch

• W sits on the western margin of the Northern Nevada Rift

• The project is 8km from Winnemucca with paved road access
• Historical drilling identified broad near surface gold and silver mineralisation
• Historical hole W87-1 intersected 37m at 1.30g/t Au and 9.8g/t Ag
• Altitude now holds both W and Firenze in Nevada

The Next Overs

• Geophysics will refine structural controls and rank drill targets

• Mapping will support final drill targeting
• Altitude aims to be drill ready by Autumn 2026

Read full ASX Announcement here.

Skylark Minerals (ASX:SKM)

Strike reaches 750m as drilling pushes beyond historic limits

Skylark Minerals announced assay results from 18 RC drill holes at the M’Basso Zone within the Zaranou Project

The Play

• Returned 62m at 1.41g/t Au from 114m including multiple higher grade intervals

• Confirmed two continuous gold zones extending 100m southwest beyond historic AC drilling grid
• Extended mineralised strike to at least 750m through step out drilling beyond prior limits
• Recorded mineralisation at depth with several holes ending in mineralisation
• Completed Phase 1 drilling with 38 holes and commenced Phase 2 step out drilling

The Pitch

• M’Basso located within Zaranou Project in Côte d’Ivoire under granted exploration licence

• Zaranou Project hosts Inferred Mineral Resource of 364,600oz at 1.8g/t Au
• Ehuasso Zone hosts Inferred Mineral Resource of 336,400oz at 1.8g/t Au
• Mineralisation interpreted as shear hosted gold system within Birimian basin geological setting
• Historical drilling totals 16,996m AC, 321m RC and 611m diamond across 355 holes

The Next Overs

• Continue Phase 2 step out drilling targeting further strike extensions at M’Basso

• Commence drilling at Ehuasso Zone with drilling scheduled to start in July
• Progress toward updated Mineral Resource Estimate following ongoing drilling programmes

Nexsen (ASX:NXN)

Nexsen Secures Second Asian Commercialisation Hub

Nexsen executed a research agreement with Universiti Malaya to launch a joint facility in Malaysia

The Play

• Nexsen secured a joint research facility with Universiti Malaya in Malaysia

• First project targets dual rapid detection of E. coli and Salmonella
• No commercially available rapid dual sensor exists for both pathogens
• Nexsen and UM will each contribute RM1.0m to establish the facility
• Nexsen secured commercialisation rights for products developed through collaboration

The Pitch

• Universiti Malaya ranks 58th globally in QS World University Rankings

• Facility will operate from UM’s Innovative Medical Devices Centre of Excellence
• UM has prototype pathogen devices in laboratory and field trials
• Nexsen previously secured a HK$6m IGNITE grant for Hong Kong expansion
• Nexsen’s platform spans human health, kidney diagnostics and biosecurity

The Next Overs

• Nexsen and UM aim to establish the facility within 2 months

• Both parties will refine the biosensor for manufacturing scale up
• Nexsen aims to deliver a commercially viable product within 24 months

Read full ASX Announcement here.