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Quarterly Activity and Cashflow Report
The September 2026 quarter was a highly active period across our gold and critical minerals portfolio, with meaningful progress on all fronts.
At our flagship Bondoukou Gold Ridge Project in Côte d'Ivoire, maiden RC drilling commenced at the Wilfred target, with four holes completed for 962 m by quarter-end. Subsequent to the quarter, the first assays delivered very encouraging results: BDRC001 returned 23 m at 2.14 g/t Au from surface, and BDRC002 returned 18 m at 7.31 g/t Au from 63 m, plus a further 16 m at 1.46 g/t Au from 113 m. We moved quickly to follow up, announcing a five-hole diamond drill program at Wilfred on 9 October. The Phase 1 RC program has been expanded to a fully funded 12,000 m, supported by our A$2.5 million placement completed during the quarter. All six local villages confirmed their support for our work, reflecting the strength of our community relationships.
At the Blue Lagoon REE Project in Greenland, the 2026 field program was completed on schedule, identifying four new regional prospects and collecting more than 200 samples now awaiting assay. GPR surveys indicated sediment thicknesses commonly of 30 to 50 m at three priority shoreline sites, helping shape our 2027 planning.
In Western Australia, soil sampling at Watheroo returned peak values of 284 ppm Cu and 176 ppm Ni, with an IP survey identifying a compelling chargeability anomaly open to the south and at depth. We have applied for co-funded drilling grants under the WA Government's Exploration Incentive Scheme at both Watheroo and Lyons River.
We welcome any questions from investors about our progress and what lies ahead.