Avira Resources has completed its acquisition of the Mt Cattlin Gold Project, validating historical data and advancing plans for a significant drilling program in early 2026, backed by a $2.5 million capital raise.
- Acquisition of Mt Cattlin Gold Project completed
- Historical gold production confirms high-grade potential
- Successful field inspections validate exploration targets
- $2.5 million capital raising supports upcoming drilling
- Progress on heritage and environmental approvals
Acquisition and Historical Context
Avira Resources Limited (ASX, AVW) has marked a pivotal moment with the completion of its acquisition of the Mt Cattlin Gold Project in Western Australia’s Ravensthorpe Greenstone Belt. This project, adjacent to Rio Tinto’s Mt Cattlin Lithium Mine, boasts a historical production record of 23,006 tonnes at an impressive grade of 24.56 grams per tonne gold, underscoring its significant mineral endowment.
The acquisition, finalised in December 2025 following shareholder approval, positions Avira to leverage a highly prospective asset with immediate exploration upside.
Field Inspections and Exploration Validation
During the December quarter, Avira conducted a comprehensive two-day field inspection across key deposits including Sirdar and Maori Queen, as well as high-priority prospects such as Plantagenet, Revival, and Ellendale. The team successfully confirmed the majority of historic drill collar locations, validating the accuracy of previous exploration data and providing a solid foundation for future drilling.
Site access was assessed and deemed suitable for drilling operations, with existing tracks in good condition. Geological observations aligned with historical reports, reinforcing confidence in the project’s mineralisation potential, particularly along the 1-kilometre Plantagenet-Ellendale-Revival trend.
Advancing Towards Drilling
With critical groundwork completed, Avira is advancing technical planning, heritage clearances, and environmental approvals in preparation for a drilling program slated for late Q1 to early Q2 2026. The program will prioritise resource definition and extension drilling at the Sirdar and Maori Queen deposits, followed by systematic exploration of the broader high-grade trend.
These steps reflect a methodical approach to unlocking the project’s value while maintaining strong stakeholder engagement and regulatory compliance.
Progress at Tangadee and Puolalaki Projects
Beyond Mt Cattlin, Avira has made strides at its Tangadee Project in Western Australia, focusing on sediment-hosted copper-zinc and magmatic nickel-copper sulphide targets. Detailed aeromagnetic data reviews and planned moving loop electromagnetic surveys aim to refine drill targets.
In Sweden, the Puolalaki Project continues to reveal promising high-grade gold and nickel mineralisation. Recent drilling has confirmed multiple gold-bearing vein sets and arsenopyrite veins within dioritic intrusions, suggesting a robust mineralising system with open potential at depth and along strike.
Corporate Developments and Financial Position
Avira successfully completed a $2.5 million capital raising during the quarter, issuing 250 million shares at 1 cent each to fund exploration activities. The company also appointed Andrew van Bentum as Consulting Chief Operating Officer, bringing over 25 years of experience in mineral exploration and project development.
Quarterly exploration expenditure was $186,000, with no substantive mining production activities reported. Cash reserves stood at $2.18 million at quarter-end, providing a runway of approximately 5.5 quarters based on current expenditure levels.
Bottom Line?
Avira’s strategic acquisition and methodical groundwork set the stage for a potentially transformative drilling campaign in 2026.
Questions in the middle?
- What initial results can investors expect from the upcoming Mt Cattlin drilling program?
- How will heritage and environmental approvals impact the drilling timeline?
- What are the prospects for expanding mineralisation at the Tangadee and Puolalaki projects?