CGN Resources Expands Gold Footprint and Advances Multi-Project Exploration
CGN Resources Limited (ASX: CGR) reported significant exploration progress during the June 2026 quarter, strengthening its position across multiple Western Australian projects. The company completed the acquisition of the 142 km² Desdemona Project, expanding its Leonora landholding to approximately 386 km² and enhancing its exposure within the highly prospective Gwalia–Ulysses Gold Corridor. Preparation for the maiden reverse circulation drilling program at the Christmas Well Project was finalised following heritage clearances, site works and geological targeting. The company also refined exploration models through the integration of historical datasets and geophysical analysis, identifying several priority drill targets. At the Webb Project, geological reassessment improved confidence in future copper, gold and critical minerals exploration, while the Broadhurst Project advanced through tenure expansion, technical studies and stakeholder engagement. Supported by a solid cash position, CGN Resources remains focused on executing exploration activities and delivering consistent project updates during the second half of 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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CGN Resources Expands Gold Footprint and Advances Multi-Project Exploration
CGN Resources Limited (ASX: CGR) reported significant exploration progress during the June 2026 quarter, strengthening its position across multiple Western Australian projects. The company completed the acquisition of the 142 km² Desdemona Project, expanding its Leonora landholding to approximately 386 km² and enhancing its exposure within the highly prospective Gwalia–Ulysses Gold Corridor. Preparation for the maiden reverse circulation drilling program at the Christmas Well Project was finalised following heritage clearances, site works and geological targeting. The company also refined exploration models through the integration of historical datasets and geophysical analysis, identifying several priority drill targets. At the Webb Project, geological reassessment improved confidence in future copper, gold and critical minerals exploration, while the Broadhurst Project advanced through tenure expansion, technical studies and stakeholder engagement. Supported by a solid cash position, CGN Resources remains focused on executing exploration activities and delivering consistent project updates during the second half of 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au