PoW Approval Unlocks Up to 12,000 Metres of RC Drilling at Zenith’s Dulcie Project

Regulatory Milestone Unlocks Next Phase

Zenith Minerals Limited has achieved a critical regulatory milestone with the granting of Programme of Works (PoW) approval by Western Australia's Department of Mines, Industry Regulation and Safety. This approval clears the way for the company to mobilise and commence Phase 2 of its reverse circulation (RC) drilling campaign at the Consolidated Dulcie Gold Project, located in the highly prospective Southern Cross–Forrestania Greenstone Belt.

Following the completion of Phase 1 drilling, which saw approximately 700 metres drilled despite some weather-related delays, Zenith is poised to ramp up activity with plans to deploy two RC rigs simultaneously. This dual-rig approach aims to accelerate exploration efforts and systematically test high-priority targets along the Dulcie corridor.

Expanding the Resource Base

The Phase 2 drilling program is designed to deliver between 9,000 and 12,000 metres of drilling focused on expanding the existing mineralisation footprint and testing new targets. Central to this effort is the conversion of a recently declared Exploration Target, estimated between 0.3 and 0.8 million ounces of gold, into a JORC-compliant Mineral Resource. This target spans multiple zones within the project area, including Dulcie, Dulcie North, and Dulcie Far North (DFN).

Zenith’s strategy involves targeted infill drilling to close gaps between known high-grade lodes, enhancing geological confidence and resource classification. Additionally, extensive step-out drilling will explore extensions along strike and at depth, particularly focusing on untested footwall lodes and structurally complex zones that may host high-grade mineralisation.

Strategic Project Consolidation and Financial Strength

The Consolidated Dulcie Gold Project benefits from recent strategic acquisitions, including the Dulcie Subsurface Rights Area, which adds approximately 3 km of highly prospective strike and active heap-leach mining operations. This consolidation enhances Zenith’s control over the corridor and de-risks the project by validating permitting pathways and demonstrating existing mineralisation amenable to mining.

Financially, Zenith is well positioned to execute its exploration plans, having recently completed a rights issue and a non-core asset sale. This strong capital base underpins the company’s ability to sustain its aggressive drilling program through the second half of 2025 and beyond.

Parallel Exploration at Red Mountain

While advancing the Consolidated Dulcie Project, Zenith is also progressing deep diamond drilling at its 100%-owned Red Mountain Gold Project in Queensland. Supported by a $275,000 government grant, this program targets a Mt Wright-style intrusion-related gold system with copper potential. Initial drilling has reached 480 metres depth, with further updates expected upon completion of the program and initial assessments.

Looking Ahead

Supplementary diamond drilling planned for late 2025 into 2026 will provide critical structural, metallurgical, and geotechnical data to support future feasibility studies. This comprehensive approach aims to transition the project from exploration success towards development readiness, potentially unlocking significant shareholder value.