How Dundas Minerals Plans to Unlock Gold in 612km² of Gerry Well Belt
Dundas Minerals has secured a substantial 612 square kilometre tenement package in the underexplored Gerry Well greenstone belt, positioning itself as a key gold explorer in Western Australia’s northern goldfields.
- 612km² tenements acquired in northern Gerry Well greenstone belt
- Limited prior gold exploration; new GSWA study highlights enhanced prospectivity
- Nickel rights retained by Tambourah Metals on purchased tenements
- Option to acquire seven additional tenements from GTT Metals with structured payments and royalties
- Collaboration with SensOre Limited to commence advanced gold targeting program
Strategic Expansion into Gerry Well Greenstone Belt
Dundas Minerals Limited (ASX, DUN) has made a significant move to bolster its gold exploration portfolio by securing a large 612 square kilometre tenement position covering the northern portion of the Gerry Well greenstone belt in Western Australia. This acquisition marks Dundas as the dominant explorer in a region that has seen limited gold-focused exploration since the early 2000s, primarily due to previous emphasis on nickel sulphide targets.
Unlocking New Gold Potential
The Geological Survey of Western Australia (GSWA) published a pivotal study in 2022 that identified previously unrecognised Sanukitoid-type rocks within the Gerry Well belt, rocks known to be spatially and temporally associated with gold mineralisation in other eastern goldfields. This revelation has upgraded the prospectivity of the area for gold, providing Dundas with a compelling rationale to intensify exploration efforts.
Acquisition Details and Partnerships
Dundas acquired two granted exploration licences from Tambourah Metals Limited for a modest cash consideration of $50,000, with Tambourah retaining exclusive nickel rights on these tenements. Concurrently, Dundas secured a 12-month exclusive option to acquire seven additional tenements from GTT Metals Pty Ltd. This option involves an initial $40,000 payment, followed by a potential $20,000 cash payment and $200,000 in Dundas shares upon exercise, alongside a 1% net smelter royalty capped at one million ounces of gold production.
Technology-Driven Exploration Approach
To maximise the potential of the newly acquired tenements, Dundas has partnered with SensOre Limited, a Perth-based exploration targeting consultancy known for its data-driven methodologies. SensOre will deploy advanced analytics combining public domain data, historical records, and new datasets to generate high-quality gold exploration targets across the Gerry Well project. This collaboration underscores Dundas’s commitment to leveraging technology in unlocking value from underexplored terrains.
Outlook and Shareholder Engagement
Dundas plans to convene a shareholder meeting in August 2025 to seek approval for the issue of shares related to the GTT option agreement, a critical step to advance the acquisition and exploration program. Managing Director Shane Volk emphasised the strategic importance of this expansion, highlighting the enhanced prospectivity and the company’s strengthened position in the northern goldfields. The acquisition complements Dundas’s existing gold projects near Kalgoorlie, reinforcing its growth trajectory in Western Australia’s prolific gold regions.
Bottom Line?
Dundas’s bold expansion into the Gerry Well belt sets the stage for a potentially transformative gold exploration campaign in a region ripe for discovery.
Questions in the middle?
- How will the retention of nickel rights by Tambourah Metals impact Dundas’s operational flexibility and potential revenue streams?
- What initial exploration results and targets will SensOre’s data-driven program yield in the coming months?
- Can Dundas define a significant gold resource within the four-year milestone to trigger deferred share payments and royalties?
