Albright Metals has completed a key diamond drilling program at its Golden Pike Project in Canada and initiated antimony drilling at Bond Road, supported by a successful $1.98 million capital raise.
- 1,020m diamond drilling completed at Vail Road Gold Deposit with assays pending
- Antimony drilling commenced at Bond Road following site preparation and permitting
- Company rebranded to Albright Metals to reflect strategic focus on precious and critical metals
- Oversubscribed $1.98m capital raise boosts cash position to over $1 million
- Letter of Intent signed to explore advanced Surgical Mining™ technology for Vail Road deposit
Progress at Golden Pike Project
Albright Metals Limited (ASX, ABR) has reported significant progress in its Canadian exploration portfolio during the December 2025 quarter. The company completed a 1,020-metre diamond drilling program at the Vail Road Gold Deposit within the Golden Pike Project in New Brunswick. This program, comprising 15 holes, was designed to infill and extend known gold-bearing veins, with the aim of upgrading the mineral resource estimate. While assay results are still pending, the drilling marks an important step in advancing the project towards a JORC-compliant resource update.
Alongside gold exploration, Albright Metals has ramped up its antimony efforts at the Bond Road Prospect, also part of Golden Pike. Following rapid permitting and site preparation, the company commenced up to 1,200 metres of exploration drilling targeting high-grade antimony mineralisation. Notably, recent rock chip samples from Bond Road have returned some of the highest-grade antimony values recorded to date, including assays up to 57% Sb, underscoring the prospect’s potential as a critical mineral source.
Strategic Rebranding and Capital Raising
Reflecting its sharpened focus on high-grade precious metals and critical minerals, the company formally rebranded from Bryah Resources Limited to Albright Metals Limited during the quarter. This repositioning aligns with its expanding Canadian footprint and diversified project base.
Supporting its exploration ambitions, Albright Metals successfully completed an oversubscribed placement, raising approximately $1.98 million before costs. This capital injection has strengthened the company’s cash position to over $1.09 million, providing a solid financial foundation for ongoing drilling and development activities.
Innovative Mining Technology and Broader Portfolio
In a forward-looking move, Albright Metals signed a Letter of Intent with Canadian technology firm Novamera Inc to investigate the application of Surgical Mining™ at the Vail Road Gold Deposit. This cutting-edge approach leverages robotics and artificial intelligence to enable precise, low-impact extraction of narrow vein deposits. If successful, it could reduce environmental footprint and lower capital costs, potentially accelerating the path to production.
Beyond Canada, the company continues to advance its Bryah Basin copper-gold projects and manganese joint venture in Western Australia. Meanwhile, discussions are underway regarding the sale of certain mineral rights at the Gabanintha Project, reflecting a strategic portfolio optimisation.
Outlook
With assay results from the recent drilling expected in the first quarter of 2026, investors will be watching closely for updates that could materially impact resource estimates and project valuation. The integration of innovative mining technology and the company’s strengthened financial position position Albright Metals well to capitalise on its high-grade mineral assets in the coming months.
Bottom Line?
As assay results and technology evaluations unfold, Albright Metals is poised at a pivotal juncture in its Canadian exploration journey.
Questions in the middle?
- When will the assay results from the Vail Road drilling be released, and how might they affect resource estimates?
- What are the anticipated benefits and challenges of implementing Surgical Mining™ at the Vail Road deposit?
- How will the potential sale of mineral rights at Gabanintha impact Albright Metals’ strategic focus and financial outlook?