1,500m Drilling Underway at Yandal to Extend 54,500oz Gold Resource

Strategic Drilling Commences at Yandal Gold Project

Hammer Metals Limited (ASX, HMX) has kicked off a 1,500-metre reverse circulation (RC) drilling program at its flagship Yandal Gold Project in Western Australia. The campaign targets extensions of shallow gold mineralisation at Orelia North and Bronzewing South, two key prospects within the highly prospective Yandal Belt.

The Orelia North deposit, located just 9 kilometres north of Northern Star’s Orelia mine and near the historic Bronzewing Mine, hosts an inferred resource of approximately 54,500 ounces of gold at 1.15 grams per tonne. The current drilling aims to test down-dip extensions beneath this resource, building on encouraging intercepts from earlier programs, including a notable 14 metres at 2.10 g/t gold from 40 metres depth.

Expanding Known Resources and Exploring New Targets

At Bronzewing South, Hammer Metals is following up on historical air-core drilling anomalies that have yet to be tested by RC drilling. The program includes drilling at the Central Target Zone, West Gap, and Creek Ferry, areas that have shown promising gold anomalism but remain underexplored. This approach reflects a methodical strategy to unlock new mineralisation zones adjacent to the 2.3 million-ounce Bronzewing gold deposit.

In parallel, soil sampling at Ken’s Bore, located southeast of Bronzewing, has delineated two new gold anomalous zones. This has prompted Hammer Metals to lodge a new exploration license application to secure tenure over prospective ground west of the existing anomaly, signaling a commitment to expanding its footprint in the region.

Broader Exploration Momentum and Joint Venture Activity

Beyond Yandal, Hammer Metals continues to advance exploration at its Isa Valley Joint Venture with South32, with drilling already underway. This multi-pronged exploration effort underscores the company’s broader strategy to build a pipeline of copper and gold assets across its extensive tenement holdings in Western Australia and the Mount Isa region.

Managing Director Daniel Thomas highlighted the significance of the drilling program, noting that the focus on shallow targets with strong grades could accelerate the commercialisation of the Orelia North project. The company also anticipates further updates from its other regional projects, including the Bullrush JV and Mount Isa, in the coming months.

With a market capitalization of approximately $21.4 million and a solid cash position, Hammer Metals is well-positioned to continue its exploration momentum. The results of this drilling campaign will be closely watched by investors seeking signs of resource growth and potential development pathways.