North Stawell Minerals Unveils New Gold Zones, Secures $3.6M to Accelerate Exploration

Exploration Breakthrough at Darlington West

North Stawell Minerals (ASX, NSM) has delivered a compelling update in its June 2025 Quarterly Activities Report, spotlighting new gold mineralisation discoveries at its Darlington West target within the prolific Stawell Gold Corridor in Victoria. The company’s first drill hole at Darlington West (NSD058) intersected multiple gold-bearing zones, including a 45-metre anomalous gold envelope and higher-grade intercepts such as 0.5 metres at 6.01 grams per tonne (g/t) gold. These results confirm the presence of both Stawell-type and Mariners-type mineralisation styles, which mirror the geological controls seen at the nearby multi-million-ounce Stawell Gold Mine just 6 kilometres to the south.

These findings are particularly significant as they validate North Stawell’s geophysical and mineral systems modelling, developed in collaboration with CSIRO, Australia’s national science agency. The success of this Kick-Start project demonstrates the power of integrating fault dilatancy and fluid flow modelling to pinpoint gold mineralisation pathways, thereby refining exploration targets and reducing discovery risk.

Financial Strengthening to Fuel Growth

Complementing its technical progress, North Stawell Minerals has launched an equity raising initiative to secure approximately $3.6 million. This comprises a $1.5 million placement to sophisticated investors and a $2.1 million non-renounceable entitlement offer to existing shareholders, priced at 3 cents per share. By the end of the quarter, $1 million had already been received from strategic gold investors, signaling strong market confidence in NSM’s exploration strategy and growth prospects.

The funds raised will be directed towards advancing drilling programs at Darlington, Wildwood, and other key projects, as well as supporting general working capital. The company’s cash position stood at just over $1 million at quarter’s end, positioning it well for the next phase of exploration.

Broader Exploration Pipeline and Strategic Partnerships

Beyond Darlington West, North Stawell maintains a robust pipeline of targets along the Stawell Gold Corridor, including Wildwood, Caledonia, Forsaken, and Lubeck Tip. The Wildwood Mineral Resource remains steady at 87,300 ounces of gold at an average grade of 2.4 g/t, with potential for expansion given the mineralisation remains open at depth and along strike.

The company’s ongoing partnership with CSIRO continues to be a cornerstone of its exploration approach, enabling sophisticated modelling that identifies fault structures likely to channel gold-bearing fluids. This targeted methodology is expected to accelerate discovery timelines and improve capital efficiency.

In a strategic move to bolster its leadership, North Stawell appointed Steve Boston as Senior Advisor post-quarter. With over three decades of experience in the Australian resources sector, including transformative leadership at Catalyst Metals, Boston’s expertise is anticipated to support NSM’s strategic development and growth ambitions.

Looking Ahead

North Stawell Minerals is poised to build on its recent successes with follow-up drilling programs supported by geophysical and geochemical surveys. The company’s focus remains on unlocking shallow, high-grade gold mineralisation that could serve as satellite deposits to the nearby Stawell Gold Mine, potentially shortening the path to production. Meanwhile, NSM remains alert to merger and acquisition opportunities that could complement its existing portfolio and enhance shareholder value.