Neometals Ltd (ASX: NMT) has initiated an 8,300-metre reverse circulation drilling campaign at its 100%-owned Barrambie Gold Project in Western Australia. The program targets the Barrambie Ranges gold trend, including the historic Golden Treasure and Mystery mines, and the Ironclad deposit. The Golden Treasure mine, once the most productive in the Barrambie Greenstone Belt, produced 15,326 ounces at 29.4g/t gold and has not been drill tested in nearly 40 years. The campaign aims to extend and upgrade the Ironclad Inferred Mineral Resource (13,000oz @ 1.6g/t Au) and explore untested high-grade zones.
Results from this program will guide future exploration and support resource updates planned for early 2026. The project, which also hosts one of the world’s highest-grade titanium deposits, remains highly prospective for gold with exploration potential of 335,000 to 775,000 ounces.
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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.