How Will Alicanto Unlock Value from Mt Henry’s 915,000oz Gold Resource?
Alicanto Minerals has won shareholder approval to acquire the Mt Henry Gold Project in Western Australia, unlocking a 915,000oz gold resource and appointing Jeff Sansom as CEO to spearhead growth.
- Shareholders approve Mt Henry acquisition, completion expected mid-February 2026
- Westgold Resources to become a 19.9% Alicanto shareholder
- Jeff Sansom appointed as new Chief Executive Officer
- Leadership reshuffle to support growth and exploration
- Mt Henry hosts 915,000oz gold resource along a 16km mineralised corridor
Alicanto’s Strategic Acquisition
Alicanto Minerals Limited (ASX, AQI) has taken a significant step forward with shareholder approval for the acquisition of the Mt Henry Gold Project in Western Australia. This move, confirmed at the company’s general meeting on 30 January 2026, positions Alicanto to expand its footprint in one of Australia’s most prolific gold regions. The acquisition is expected to complete by mid-February, subject to remaining conditions being met.
A Resource with Room to Grow
The Mt Henry project boasts a substantial Mineral Resource of approximately 915,000 ounces of gold, reported under the JORC Code 2012 standards. Situated within the Norseman–Wiluna Greenstone Belt, the project covers a 16-kilometre mineralised corridor with mineralisation open along strike and at depth. Previous drilling has been shallow, leaving considerable potential for resource expansion through deeper and regional exploration.
Leadership Changes Signal Growth Ambitions
Alongside the acquisition, Alicanto announced key leadership appointments to drive the next phase of growth. Jeff Sansom, a seasoned executive with extensive experience in the Australian gold sector, has been appointed CEO. His track record includes senior roles at Regis Resources, where he contributed to growth initiatives and stakeholder engagement. The leadership reshuffle also sees Ray Shorrocks transition to Non-Executive Chairman, Ben Palich promoted to Executive General Manager - Growth and Development, and Tim Sloan appointed as Geology Manager to lead exploration efforts.
Strategic Partnerships and Infrastructure Advantages
Westgold Resources (ASX, WGX) will emerge as a 19.9% shareholder in Alicanto as part of the acquisition deal, signalling strong industry support. The Mt Henry project benefits from granted mining leases and proximity to established infrastructure, including sealed-road access near the Coolgardie–Esperance Highway. This logistical advantage is expected to facilitate efficient mobilisation and drilling programs.
Looking Ahead
With the acquisition approved and leadership in place, Alicanto is preparing for an extensive drilling campaign aimed at resource growth and unlocking the project’s full potential. The company has emphasised its commitment to responsible development, safety, and respectful engagement with stakeholders, including the Ngadju community. Market watchers will be keen to monitor upcoming exploration results and the pace at which Alicanto advances Mt Henry toward production.
Bottom Line?
Alicanto’s acquisition and leadership overhaul set the stage for a pivotal growth chapter, but exploration outcomes will be the true test.
Questions in the middle?
- How quickly can Alicanto translate exploration into resource upgrades at Mt Henry?
- What are the financial terms and funding plans underpinning the acquisition?
- How will Alicanto manage stakeholder relationships, particularly with the Ngadju community, during project development?
