870,000 Tonnes at 0.96 g/t Gold and 0.26% Copper Defined at South Telfer
Rincon Resources has reported a maiden mineral resource estimate at its South Telfer Gold-Copper Project, alongside advancing exploration plans at Laverton with new drilling preparations underway.
- Maiden Mineral Resource Estimate at South Telfer: 870,000 tonnes at 0.96 g/t gold and 0.26% copper
- Total contained metal: 26,800 ounces of gold and 2,286 tonnes of copper
- Planned ~1,200m RC drilling to extend Hasties gold deposits
- Laverton project exploration intensifies with drone magnetic survey and drilling preparations
- Managing Director resignation and $3.045 million cash balance reported
Maiden Resource Marks a Milestone at South Telfer
Rincon Resources Limited (ASX: RCR) has delivered a significant update with the completion of its maiden Mineral Resource Estimate (MRE) for the Hasties Main Zone and Hasties Southeast Deposits within its South Telfer Gold-Copper Project in Western Australia. The estimate, confined to the oxide and transition zones, outlines 870,000 tonnes grading 0.96 grams per tonne (g/t) gold and 0.26% copper, equating to approximately 26,800 ounces of gold and 2,286 tonnes of copper.
Located just 10 kilometres south of Greatland Gold PLC’s operating Telfer Gold Mine and processing plant, the South Telfer Project covers a substantial 540 square kilometres with over 40 kilometres of prospective strike. The MRE was prepared by Widenbar and Associates in accordance with JORC 2012 guidelines and incorporates pit optimisation to ensure reasonable prospects for economic extraction.
Exploration Plans to Expand Resource Base
Rincon is now gearing up for a focused drilling campaign, planning approximately 10 reverse circulation (RC) holes totalling around 1,200 metres aimed at extending the Hasties gold deposits both laterally and at depth. This next phase will also consider the fresh rock component of the deposits, which was excluded from the maiden MRE pending further metallurgical and density studies.
Chairman David Lenigas emphasised the potential for resource expansion, noting the team’s commitment to advancing drilling operations swiftly to build on the initial resource base. The company’s methodical approach underscores its ambition to establish a robust and exciting gold exploration company.
Laverton Project: Renewed Momentum and Advanced Targeting
Beyond South Telfer, Rincon is accelerating exploration at its Laverton Gold Project in the Eastern Goldfields. Following a recent site visit, the company has engaged Perth-based Apex Geoscience to lead on-ground field activities. A detailed drone magnetic survey is scheduled for the coming quarter to enhance structural understanding and refine drill targets.
This follows a successful soil sampling program in late 2024 that identified 18 gold anomalies, with nine untested targets prioritised for follow-up drilling. The company is actively working to secure permits and mobilise drilling rigs to capitalise on these promising targets.
West Arunta Project and Corporate Updates
No exploration activity was reported for the West Arunta Project during the quarter as Rincon completes collation of detailed 2024 work to determine next steps. On the corporate front, Managing Director Gary Harvey resigned in January 2025, with his responsibilities redistributed among existing board members. Rincon ended the quarter with a cash balance of $3.045 million, providing a solid financial footing for ongoing exploration activities.
Rincon’s strategic focus on advancing its three Western Australian assets, South Telfer, Laverton, and West Arunta, through disciplined exploration programs positions the company to unlock value for shareholders amid a competitive gold and copper exploration landscape.
Bottom Line?
With a maiden resource in hand and drilling poised to expand it, Rincon’s next moves at South Telfer and Laverton will be critical to watch.
Questions in the middle?
- How will the inclusion of fresh rock components impact the overall resource size and grade at South Telfer?
- What are the timelines and expected outcomes for the upcoming Laverton drone survey and drilling campaign?
- How will Rincon manage exploration funding and operational capacity following the Managing Director’s resignation?
