Duketon’s Gold and Nickel Advances Highlight Exploration Risks and Rewards
Duketon Mining reports promising gold assay results from its first drilling at Killarney, secures an option to acquire the Boodanoo Gold Project, and updates nickel resource estimates at Rosie and C2 deposits.
- Significant gold intercepts from inaugural Killarney RC drilling
- Option agreement to acquire 100% of Boodanoo Gold Project
- Updated nickel mineral resource estimates for Rosie and C2 deposits
- Strong cash position of A$9.7 million and shareholdings valued at A$1.8 million
- Ongoing exploration and evaluation across multiple projects
Promising Gold Results at Killarney
Duketon Mining Limited has released assay results from its inaugural reverse circulation (RC) drilling program at the Killarney Gold Project in Western Australia. The program, comprising 17 holes totaling 1,716 metres, delivered several significant gold intercepts including 10 metres at 2.33 grams per tonne gold (g/t Au) and a standout 1 metre at 39.77 g/t Au. These results confirm the presence of mineralisation within weathered saprolite zones and quartz veining, with the gold system remaining open at depth and along strike.
Strategic Acquisition of Boodanoo Gold Project
The company has also entered into an option agreement to acquire 100% of the Boodanoo Gold Project, located approximately 80 kilometres south-southeast of Mount Magnet. This project, which hosts a historic 2-kilometre-long gold-in-soil anomaly, has yet to see drilling in the anomaly area, presenting a fresh exploration opportunity. Duketon has secured a 12-month exclusive option to acquire the project by issuing shares to the current owner, Western Yilgarn NL, signaling a strategic expansion of its gold portfolio.
Nickel Resource Updates at Rosie and C2
On the nickel front, Duketon updated its mineral resource estimates for the Rosie and C2 deposits within the Bulge Complex. The Rosie deposit now holds an indicated and inferred resource of 2.77 million tonnes at 3.27% nickel equivalent, containing over 56,000 tonnes of nickel and significant quantities of copper, cobalt, and platinum group elements (PGEs). The C2 deposit adds another 8.06 million tonnes at 0.57% nickel, with the combined Bulge Complex resource totaling more than 102,000 tonnes of nickel. Both deposits remain open for expansion, underpinning the company’s focus on nickel as a key commodity.
Financial Position and Ongoing Exploration
Duketon Mining maintains a robust financial position with cash reserves of A$9.7 million and shareholdings valued at A$1.8 million as of 30 September 2025. Exploration expenditure during the quarter was focused on advancing geological understanding and compliance across its portfolio. The company continues to pursue a three-pronged strategy, advancing exploration on existing tenements, acquiring new tenure opportunistically, and expanding nickel resources through further studies and drilling.
Looking Ahead
With encouraging early-stage gold results at Killarney, a new acquisition option at Boodanoo, and substantial nickel resources at Rosie and C2, Duketon Mining is positioning itself for growth in both gold and battery metals. The coming quarters will be critical as the company undertakes further exploration to delineate resources and assess the economic potential of its projects.
Bottom Line?
Duketon’s latest results and strategic moves set the stage for potential resource growth and value creation in gold and nickel.
Questions in the middle?
- How will further drilling at Killarney refine the gold resource potential?
- What exploration plans does Duketon have for advancing the Boodanoo Project?
- How might updated nickel resources influence Duketon’s development timeline and partnerships?
