Hamelin Gold Accelerates WA Exploration with $2.8M Capital Raise and New Drilling

Exploration Momentum Builds in Western Australia

Hamelin Gold Limited has reported steady progress across its portfolio of gold exploration projects in Western Australia for the quarter ending 31 March 2025. The company’s focus remains on advancing drill programs in the prolific Tanami and Yilgarn gold provinces, leveraging modern technologies and government co-funding to de-risk and accelerate discovery potential.

In the Tanami Province, heritage surveys have been completed at the Fremlins South prospect, paving the way for a 2,500-metre reverse circulation (RC) drilling program scheduled to commence in mid-May. This program aims to test a 4-kilometre gold anomaly that has shown promising regolith-hosted mineralisation in previous aircore and RC drilling. Similarly, at the Jazz prospect, RC drilling is set to begin in June to explore a +500-metre long regolith gold anomaly identified through advanced geochemical sampling and aircore drilling. Both drilling campaigns benefit from co-funding under the Western Australian Government’s Exploration Incentive Scheme (EIS), underscoring the strategic importance of these targets.

Yilgarn Province: Unlocking New Gold Corridors

Meanwhile, in the Yilgarn Province, Hamelin completed a 26-hole, 2,216-metre RC drill program at the Ularring project, located approximately 18 kilometres south of Ora Banda Mining’s Riverina Gold Mine. Assay results are anticipated in mid-May and will be closely watched for signs of primary gold mineralisation along the under-explored Ida Fault zone. Complementing this, surface soil sampling at the Anderson project has delineated a 3-kilometre northeast trending gold corridor, interpreted as a bedrock source of extensive near-surface gold anomalism. Plans are underway for diamond drilling to test beneath the anomalous zones, with local landowner engagement progressing to facilitate access.

Financial Position and Capital Raising

On the corporate front, Hamelin held cash reserves of approximately $3 million at the end of March 2025. Shortly after quarter-end, the company successfully completed the first tranche of a share placement, raising around $2.7 million at $0.07 per share, with a second tranche subject to shareholder approval. This capital injection is intended to accelerate exploration activities across the company’s Western Australian gold projects, providing a solid financial runway for the upcoming drilling programs and ongoing project generation.

Importantly, Hamelin reported no mining development or production activities during the quarter, consistent with its focus on exploration and resource definition. The company continues to apply cutting-edge analytical techniques, such as the CSIRO-developed Ultrafine (UFF) technology, to enhance the detection of subtle gold mineralisation signatures beneath transported cover and complex regolith profiles.

Outlook and Strategic Implications

Hamelin’s methodical approach to exploration, combining government co-funding, modern geochemical techniques, and targeted drilling, positions it well to unlock value from its extensive landholdings in two of Australia’s premier gold provinces. The imminent assay results from Ularring and the upcoming drilling at Fremlins South and Jazz will be critical milestones, potentially defining new zones of gold mineralisation that could underpin future resource growth.

With backing from notable shareholders including Gold Fields Limited and Vault Minerals Limited, Hamelin is well placed to maintain momentum in a competitive exploration landscape. The company’s ability to secure government incentives and community support will be key factors in advancing its projects efficiently and sustainably.