GoldArc Uncovers New Gold Anomalies, Secures $2.5M Funding Boost

Exploration Breakthroughs at Leonora North

GoldArc Resources Ltd (ASX – GA8) has reported a productive December quarter, marked by significant exploration progress at its Leonora North Gold Project in Western Australia. A comprehensive soil sampling program identified five major gold anomalies, with the S4 anomaly emerging as a particularly promising target. Measuring 1.2 kilometres by 0.5 kilometres, the S4 anomaly exhibits a stronger geochemical signature than the original Mt Stirling discovery, suggesting potential for substantial mineralisation. Additional untested targets, including S3 and S5, further expand the exploration upside in this region.

Leonora South – Drilling Confirms High-Grade Gold Systems

At Leonora South, GoldArc completed an extensive drilling campaign comprising 3,321 metres of Aircore and 1,823 metres of Reverse Circulation drilling. These efforts targeted priority prospects such as Jessop’s Creek, Whistler, and Niagara West. The drilling confirmed the presence of high-grade gold mineralisation at the Cosmopolitan Mine and Eclipse/Challenge prospects, reinforcing the project's potential. Complementary soil sampling further delineated new anomalies, guiding the drilling strategy and expanding the project footprint by 80.6 square kilometres through four new exploration licence applications.

Strategic Partnerships to Accelerate Mining Development

GoldArc has shifted towards a partnership-driven development model, securing a binding Profit Share Mining Agreement with BML Ventures for the Mt Stirling and Stirling Well deposits. Under this arrangement, BML Ventures assumes operational and capital costs, with profits split evenly after cost recovery. This deal includes a $2.5 million Profit Cash Advance Facility, providing GoldArc with immediate funding to accelerate exploration and development. The company has already drawn down $500,000 under this facility in January 2026.

In parallel, GoldArc is advancing a similar strategic Letter of Intent with Mineral Mining Services to develop the Orion and Sapphire deposits at Leonora South. This partnership aims to leverage MMS’s infrastructure and expertise, potentially bringing these deposits into production in the near term.

Corporate Simplification and Financial Position

GoldArc has consolidated its ownership of the Mt Stirling tenement to 100%, simplifying the project’s structure and removing the need for a feasibility study before mining decisions. This streamlining is expected to expedite development timelines. Financially, the company reported exploration expenditure of $684,000 for the quarter, with no substantive mining production yet. Despite a net cash outflow, GoldArc’s available funding, including cash reserves and undrawn facilities, supports operations for over three quarters, providing a solid runway for ongoing activities.

Additional corporate measures included the completion of an unmarketable parcel sale facility, reducing administrative overheads and improving shareholder structure. Payments to related parties, including directors and associated entities, were disclosed transparently in line with governance standards.

Looking Ahead

GoldArc’s December quarter report highlights a company transitioning from exploration to development, underpinned by strategic partnerships and robust funding. The identification of new high-priority targets and confirmation of high-grade mineralisation set the stage for upcoming drilling campaigns and potential resource upgrades. Investors will be watching closely as GoldArc moves to convert these promising exploration results into tangible mining outcomes.