Green & Gold’s Mt Wandoo Development Accelerates Amid New High-Grade Hits

Strong Drill Results Reinforce Mt Wandoo's Potential

Green & Gold Minerals (ASX – GG1) has delivered a compelling update on its Chillagoe Gold Project with exceptional high-grade gold drill results from its Mt Wandoo and Little Wandoo prospects. The company completed nearly 4,800 metres of drilling during the quarter, revealing multiple significant intercepts including a standout 6 metres at 11.1 grams per tonne gold (g/t Au) from 38 metres depth, featuring a 1-metre section grading 44.8 g/t Au. These results underpin the company’s accelerated development strategy and suggest a robust and expanding mineralised system.

Expanding Resource Footprint and Geological Insights

The drilling campaign has not only confirmed high-grade zones within the existing resource but also identified new mineralisation trends at depth and along strike, particularly to the west, east, and southeast of the main Mt Wandoo trend. Parallel mineralised structures and extensions at Little Wandoo further enhance the project's resource growth potential. Green & Gold is actively updating its geological model to incorporate these new data points, which will inform an updated mineral resource estimate (MRE) and guide future drilling targets.

Advancing Development with Processing Options

In a strategic move to advance towards production, Green & Gold has initiated discussions with the owners of the nearby Mungana Mill, a currently idle processing facility with a 600,000 tonnes per annum capacity located just 12 kilometres from Mt Wandoo. The company has previously tested ore from Mt Wandoo at Mungana, achieving high recoveries of gold and silver, making toll treatment a promising pathway to expedite development. Alternative milling options, including trucking to other regional mills and onsite gravity treatment, are also under consideration.

Broader Exploration and Critical Minerals Focus

Beyond gold, Green & Gold is expanding its exploration footprint within the Chillagoe region, targeting silver, copper, and tin, alongside critical minerals such as rare earth elements (REE) at its Nutgrove project in southern Queensland. Recent rock chip sampling at Nutgrove has identified a significant 2-kilometre anomaly with promising heavy REE content, dominated by yttrium oxide. The company plans further fieldwork and is exploring potential government support for these critical mineral prospects.

Financial Position and Outlook

During the quarter, Green & Gold invested $1.23 million in exploration and evaluation activities, reflecting its commitment to advancing the Chillagoe Gold Project. The company ended the period with a healthy cash balance of $3.48 million, providing a solid runway for ongoing drilling, resource updates, and development studies. Payments to related parties, including director salaries and fees, amounted to $112,000.

Looking ahead, the company aims to complete an updated mineral resource estimate and mining studies for Mt Wandoo, with results expected to further clarify the project's economic potential. The combination of high-grade drill results, strategic processing discussions, and expanding exploration efforts positions Green & Gold Minerals as a notable player in Queensland’s evolving gold and critical minerals landscape.