Warriedar Unveils Wide, High-Grade Gold-Antimony Hits at Ricciardo

Strong Assay Results Confirm Ricciardo’s Potential

Warriedar Resources Limited (ASX – WA8) has released the full assay results from three diamond core holes drilled in May 2025 at the Ardmore end of its flagship Ricciardo gold-antimony deposit in Western Australia’s Murchison region. The results reveal multiple wide intervals of high-grade gold and antimony mineralisation, reinforcing the deposit’s continuity and growth potential.

The standout intercepts include a 50.7-metre section grading 5.12 grams per tonne (g/t) gold and 0.15% antimony, and a 13-metre interval averaging 5.55 g/t gold with 0.35% antimony. These figures notably surpass the grades and widths currently modelled in the existing Mineral Resource Estimate (MRE), suggesting that the Ardmore zone could see significant resource expansion with further drilling.

Implications for Resource Growth and Project Development

The Ricciardo deposit, part of the broader Golden Range Project, has historically seen limited drilling below 100 metres, leaving substantial potential at depth. Warriedar’s recent drilling has targeted these deeper zones, uncovering consistent high-grade shoots of gold and antimony that plunge southwest beneath the Ardmore pit. The new assays confirm the down-plunge continuity of these shoots, a critical factor for resource confidence and mine planning.

Warriedar’s Managing Director Amanda Buckingham highlighted the significance of the results, noting that the intercepts “have well exceeded expectations” and demonstrate the deposit’s capability to host thick, gold-rich and antimony-rich zones starting at relatively shallow depths. The company’s accelerated multi-rig drilling program is progressing ahead of schedule, with further assay results anticipated shortly, potentially unlocking additional resource upside.

Gold Equivalent Calculations and Market Context

The company calculates gold equivalent grades by incorporating antimony values, using pricing and recovery assumptions aligned with comparable projects such as Larvotto Resources’ Hillgrove Gold-Antimony Project. This approach reflects the reasonable potential for both metals to be recovered economically at Ricciardo. The inclusion of antimony significantly enhances the economic attractiveness of the mineralisation, especially given the growing demand for antimony in various industrial applications.

Ricciardo’s location on existing mining leases, close to Warriedar’s Golden Range processing plant, further supports the project’s development prospects. With a current market capitalisation of approximately A$123 million and a strong cash position, Warriedar is well placed to advance exploration and development activities.

Looking Ahead

These latest results mark an important milestone in Warriedar’s exploration campaign, confirming the high-grade nature and continuity of the Ricciardo deposit’s gold-antimony shoots. The company’s ongoing drilling efforts aim to expand the resource base and refine the geological model, which could translate into a more robust and economically viable mining operation in the near future.