APC Minerals Reports 4m at 1.2g/t Gold in Latest Laverton Drilling Results
APC Minerals reported encouraging gold intersections from its Laverton Downs drilling program while navigating a tight cash position and ongoing asset acquisition efforts.
- 2,628m RC drilling at Laverton Downs confirms gold mineralisation
- Notable gold intercepts include 4m at 1.2g/t and 2m at 2.04g/t Au
- No significant activity at Nexus Project during the quarter
- Cash on hand stands at $0.256 million with exploration spend of $86,800
- Company pursuing asset transactions amid challenging gold market conditions
Exploration Progress at Laverton Downs
APC Minerals Limited has released its September 2025 quarterly activities report, highlighting results from a 2,628-metre reverse circulation drilling campaign at its Laverton Downs Gold Project in Western Australia. The program, completed earlier in the year, yielded several gold intersections that confirm the presence of mineralisation along a one-kilometre strike of ultramafic and mafic basalt contact zones. Noteworthy intercepts include 4 metres at 1.2 grams per tonne gold from 104 metres depth, including a higher-grade 1 metre at 4.02 grams per tonne, and 2 metres at 2.04 grams per tonne from 57 metres.
Strategic Focus Amid Market Headwinds
Despite these promising results, APC’s Managing Director Matt Shackleton emphasised the difficulty of securing quality assets in the current gold investment environment, which he described as “blisteringly hot” yet challenging for value discovery. Since its restructuring in early 2024, the company has evaluated over 45 asset and corporate transactions, maintaining a disciplined approach to acquisitions that prioritises shareholder value. The board remains committed to this strategy even as market conditions tighten.
Nexus Project and Government Support
Meanwhile, the Nexus Project in the West Arunta region saw no substantive exploration work during the quarter. However, APC continues engagement with the Tjamu Tjamu Aboriginal Corporation regarding heritage surveys, and anticipates incorporating data from a forthcoming government-funded aerial survey. Recent bilateral initiatives between Australia and the United States to support rare earth and strategic minerals bode well for the region, which already hosts significant niobium deposits.
Financial Position and Operational Outlook
On the financial front, APC reported cash reserves of $256,000 at quarter-end, with exploration expenditure of $86,800 and related party payments totaling $91,000. The company acknowledges the need to reduce operational overheads and is actively discussing funding options with existing shareholders to sustain ongoing activities. While the cash runway is limited to less than one quarter at current burn rates, management expresses confidence in securing necessary support to continue exploration and corporate initiatives.
Community and Training Initiatives
Beyond exploration, APC maintains involvement with the Laverton Training Centre, a not-for-profit charity focused on mining-related skills development in remote Western Australian communities. The centre recently delivered programs across several shires, including to residents of Kiwirrkurra, one of Australia’s most isolated Aboriginal communities.
Bottom Line?
APC’s latest drilling results provide a foothold for growth, but funding constraints and market conditions will shape its next moves.
Questions in the middle?
- Will APC secure additional funding to extend its exploration programs beyond the next quarter?
- How will the company prioritise asset acquisitions amid a competitive and expensive gold market?
- What impact will government-backed rare earth initiatives have on the Nexus Project’s development timeline?
