Dalaroo’s New CEO Faces Challenge to Advance Promising Base and Copper Metals Projects

Confirming Broken Hill Type Prospectivity at Lyons River

Dalaroo Metals Ltd (ASX: DAL) has reported significant progress at its Lyons River Project in Western Australia, confirming the presence of Broken Hill Type (BHT) mineralisation through its recent diamond drilling program at the Browns Prospect. The four diamond core holes, totaling nearly 1,000 meters, intersected a sequence of metamorphosed host rocks analogous to those at Broken Hill, with encouraging base metal assays including zinc grades up to 1.1%.

The drilling program, partly funded by the Western Australian Government's Exploration Incentive Scheme (EIS), tested a 6 square kilometer lead-zinc-silver target area. Results revealed significant intervals of sulphides within argillaceous metasediments and zones of silica-pyrite alteration, hallmark features of BHT and sedimentary exhalative (SEDEX) deposit settings. These findings reinforce the district’s emerging status as a prospective base metals province.

High-Grade Copper Potential Emerges

Alongside base metals, Dalaroo has identified compelling copper mineralisation potential within the Lyons River tenure. Follow-up rock chip sampling at Browns returned exceptionally high copper assays, peaking at 16.2% Cu, accompanied by gold values up to 0.24 g/t and silver up to 3 g/t. These surface samples, while not necessarily indicative of mineralisation at depth, highlight a promising target for future drilling campaigns.

Historical data from nearby prospects such as Four Corners also support copper potential, with previous rock chip samples showing up to 1.64% Cu and shallow RC drilling intersecting copper mineralisation associated with chalcopyrite. Dalaroo’s recent soil geochemical sampling across the project has further delineated copper anomalies, with assays up to 169 ppm Cu, underpinning the company’s strategy to expand exploration focus beyond base metals.

Leadership and Strategic Direction

In a notable corporate development, Dalaroo appointed Michael Brown as Managing Director and CEO in October 2024. Mr Brown brings over 30 years of experience spanning exploration, mining, energy, finance, and capital markets. His track record includes leading successful ASX and TSX-listed companies and delivering shareholder value through strategic exploration and project development. His appointment signals a renewed focus on advancing Dalaroo’s asset base and optimizing exploration programs.

Under Mr Brown’s leadership, the company has suspended its EIS co-funded drilling at the Goodbody Prospect due to seasonal constraints, opting instead to review existing data to refine future work plans. Concurrently, Dalaroo is actively assessing new project opportunities that complement its Lyons River and Namban projects, aiming to build a diversified portfolio with significant value creation potential.

Financial Position and Outlook

Financially, Dalaroo reported exploration expenditure of $266,000 and corporate costs of $247,000 for the December quarter, with a closing cash balance of $1.4 million. The company’s prudent cash management and government grant support provide a runway of approximately 2.7 quarters at current expenditure levels, underscoring the importance of upcoming financing or operational milestones to sustain momentum.

Overall, the December quarter activities underscore Dalaroo’s transition from early-stage exploration to a more focused development phase, with tangible assay results validating its geological model and a seasoned leadership team steering the company forward.