WIN Metals (ASX:WIN) secures historic Radio Gold Mine in value-accretive deal

WIN Metals (ASX:WIN) has completed the acquisition of the Radio Gold Mine in Western Australia’s Yilgarn region, securing a historic asset with established infrastructure and a platform for near-term production.

Located 38 kilometres north of Southern Cross, the mine package includes a decline, ore development, surface stockpiles, mobile mining fleet, accommodation facilities and a partially built 500,000 tonne per annum processing facility.

Highlights

• Acquisition of the high-grade Radio Gold Mine near Southern Cross, WA

• Infrastructure in place including decline access, mobile fleet and partially built 500ktpa processing plant

• Historic production of 71,000oz at 38.5g/t gold (1918–1974)

• Drilling underway targeting near-surface open pit opportunities and deeper underground extensions

• Transaction terms: $500,000 cash, $400,000 share issue at $0.02, plus a stepped royalty

The company acquired the mine from Top Global Mining on modest terms, paying $500,000 in cash and $400,000 in shares issued at two cents, with a stepped royalty tied to gold production.

WIN Metals argues the deal represents a transformational opportunity, as the site is fully dewatered, development has already accessed historic workings, and significant investment by previous owners has lowered the barriers to recommencing operations.

Radio has an impressive pedigree, with historic production of 71,000 ounces at an average head grade of 38.5 grams per tonne between 1918 and 1974.

More recently, 330 metres of decline and 200 metres of ore development have been established, leaving the project in an advanced state of readiness.

The company is now focused on open pit opportunities at prospects such as Radio Repeater and Radio South, alongside underground extensions, with a 9,000-metre drilling program designed to support a revised mineral resource estimate.

“With the Radio acquisition completed and drilling well underway, WIN sees this as a transformational opportunity. We have secured a ‘ready-to-go’ gold asset with the potential to generate near-term cashflow, harnessing the strength of the current gold price. The site is fully prepared for a restart of underground production, supported by a partially constructed processing facility and significant existing infrastructure. This positions WIN to consider processing its own ore on site, reducing reliance on toll milling and associated delays.” – Steve Norregaard, Managing Director and CEO

For investors, the acquisition places WIN on a trajectory to join the ranks of gold producers in Western Australia, with the potential to generate early cashflow from overlooked shallow resources and to grow through deeper drilling.

At the same time, the company retains diversification through its Butchers Creek gold project in the Kimberley and its nickel and lithium assets at Mt Edwards and Faraday-Trainline.

With multiple development pathways, WIN has moved decisively to reshape its profile in the market while building optionality across its broader portfolio.

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