Apollo Project Yields 27m at 1.69 g/t Gold; Lauriston Drilling Underway

Exploration Advances in Victoria

Adelong Gold Limited has marked a pivotal quarter with maiden diamond drilling at its Apollo Gold and Antimony Project in Victoria delivering encouraging assay results. Four holes totaling approximately 1,060 metres targeted extensions beneath historical workings at Meade’s Mine, validating the company’s exploration model. Notably, significant mineralisation was confirmed within the Dig Fault Zone, including intercepts such as 10.9 metres at 3.26 grams per tonne gold and 27 metres at 1.69 grams per tonne gold, with sub-intervals reaching up to 7.58 grams per tonne.

These results align closely with historical high-grade intersections, reinforcing the continuity of mineralisation below old workings and supporting the potential for a meaningful resource. The project footprint expanded with a new exploration licence application securing an additional 18 kilometres of prospective granite contact, increasing the Apollo project area to around 220 square kilometres.

Lauriston Project Drilling Commences

Post quarter-end, Adelong initiated its maiden diamond drilling program at the Lauriston Gold-Antimony Project, focusing on the Comet and Yankee/Trojan prospects. This program aims to follow up on exceptional historic high-grade results, including intervals of 8 metres at 104 grams per tonne gold and 2 metres at 413 grams per tonne gold at Comet. The structural setting at Lauriston shares compelling similarities with the renowned Fosterville Mine’s Swan Zone, enhancing the prospectivity of the project.

Systematic assaying has confirmed the presence of stibnite veining closely associated with gold mineralisation, indicative of epizonal gold-antimony systems. Core processing is underway, with initial assay results expected in the December quarter. The company has secured funding to potentially expand the drilling program based on early outcomes.

Joint Venture Deadlock at Challenger Project

In New South Wales, Adelong Gold has encountered a significant hurdle at the Challenger Gold Project, where it holds a 49% interest under a farm-in agreement with Great Divide Mining (GDM). The company issued a Deadlock Notice citing unresolved technical and commercial concerns regarding the approval and validity of the first annual program and budget. GDM has disputed the notice, prompting Adelong to invoke dispute resolution mechanisms to protect shareholder interests and ensure robust project governance.

Strategic Investment and Corporate Developments

Adelong strengthened its financial position with a $1.25 million strategic placement led by Nova Minerals, which also secured antimony offtake rights and the right to appoint a director to Adelong’s board. Louie Simens, Executive Director and COO of Nova Minerals, was appointed as a Non-Executive Director, bringing valuable capital markets and project development expertise.

The company’s cash position stood at $4.23 million at quarter-end, bolstered by proceeds from the sale of Sarama Resources shares and the strategic investment. This solid funding base supports ongoing exploration at Apollo and Lauriston, as well as operational activities at the Adelong Goldfield Project.

Outlook

With promising drilling results in Victoria and a strengthened strategic partnership, Adelong Gold is well-positioned to advance its exploration pipeline. However, the resolution of the joint venture deadlock in NSW remains a critical factor for the company’s near-term development trajectory.