Reedy Lagoon Advances Burracoppin Gold Exploration with 871 Soil Samples
Reedy Lagoon Corporation has completed an extensive FineFraction soil sampling program across four gold prospects at Burracoppin, while seeking a farm-in partner for its iron project and maintaining a cautious cash position.
- Completed 871 FineFraction soil samples at Lady Janet, Windmills, Shear Luck, and Zebra prospects
- Gold anomalism confirmed and extended along key structural zones at Burracoppin
- No field work on Burracoppin Iron project; actively seeking farm-in partner
- Corporate cash balance of $90,182 at quarter end with $119,087 spent on exploration
- Ongoing rehabilitation and monitoring at relinquished Columbus Salt Marsh project in Nevada
Exploration Progress at Burracoppin Gold Project
Reedy Lagoon Corporation Limited (ASX: RLC) has reported significant progress in its Burracoppin Gold Project during the March 2025 quarter, completing a detailed FineFraction (FF) soil sampling program across four key prospects: Lady Janet, Windmills, Shear Luck, and Zebra. A total of 871 FF soil samples were collected and assayed, providing valuable geochemical data to refine drill targeting strategies.
The Burracoppin Gold Project, situated in Western Australia's central Wheatbelt region, benefits from proximity to established gold mines such as Edna May and Tampia. The exploration focus remains on the Yandina Shear Zone, a 30-kilometre structural corridor with limited prior exploration but promising geological features.
Detailed Prospect Insights and Anomalism
At the Lady Janet prospect, 135 FF soil samples investigated discrete magnetic anomalies and confirmed gold anomalism (>5ppb Au) associated with structural features and pathfinder elements like arsenic and tungsten. Similarly, the Windmills prospect revealed an auriferous zone extending over 1.5 kilometres, with 193 samples reinforcing the presence of gold and related pathfinder elements.
Shear Luck's 219 samples further supported the link between gold anomalism and northeast-trending structural corridors along the Yandina Shear Zone. The Zebra prospect, with 324 samples collected, confirmed and extended gold anomalism over a north-south distance exceeding one kilometre, highlighting multiple structural orientations potentially fertile for mineralisation.
Burracoppin Iron Project and Corporate Position
While no field work was conducted on the Burracoppin Iron Project this quarter, Reedy Lagoon continues to seek a farm-in partner, ideally a steel producer interested in securing a supply of high purity pig iron (HPPI). The project aims to leverage HIsmelt technology and biomass-derived biochar to produce green pig iron, positioning itself as a low-cost, environmentally conscious iron producer.
Financially, the company ended the quarter with $90,182 in cash and deposits, having spent $119,087 on exploration activities. Directors have agreed to forgo remuneration until further notice, reflecting a prudent approach to cash management amid ongoing funding discussions.
Rehabilitation and Regulatory Compliance
Reedy Lagoon also reported on its relinquished Columbus Salt Marsh project in Nevada, USA, where rehabilitation efforts continue under the oversight of the Bureau of Land Management (BLM). Despite dry conditions limiting regrowth from recent reseeding, the site remains free from weed infestation and in stable condition. A BLM inspection is scheduled for early May to assess progress and potential bond release.
Looking Ahead
Upcoming activities include further data review and drill planning at Burracoppin Gold, with heritage surveys and landowner agreements underway to facilitate drilling. The company also plans resource drilling at the Burracoppin Iron Project, contingent on securing funding or a joint venture partner. The cautious but methodical advancement of these projects will be critical to Reedy Lagoon's next phase of growth.
Bottom Line?
Reedy Lagoon’s methodical soil sampling advances gold exploration, but securing funding and partners remains pivotal for unlocking project potential.
Questions in the middle?
- When will Reedy Lagoon commence drilling to test the identified gold targets at Burracoppin?
- What progress has been made in securing a farm-in partner for the Burracoppin Iron Project?
- How will the company manage its cash position amid ongoing exploration and development needs?
