Rincon Targets Resource Upgrade After Drilling Approvals at Hasties Deposits

Drilling Approvals Unlock Next Phase at Hasties

Rincon Resources Limited has received all necessary drilling approvals for its wholly owned Hasties Main and Hasties South-East gold-copper deposits, located just 10 kilometres south of the established Telfer mine in Western Australia's Eastern Pilbara. This regulatory green light sets the stage for Rincon to mobilise a drill rig later this quarter, aiming to extend and deepen the known mineralisation at these promising deposits.

Strategic Focus Following Joint Venture Finalisation

Following the recent finalisation of a farm-in and joint venture agreement with Greatland Resources on adjacent exploration tenements, Rincon is now concentrating its efforts on the Hasties prospects. The project area spans approximately 15 square kilometres, encompassing two exploration licences and two prospecting licences. This region hosts multiple parallel geological structures known to be prospective for significant gold and copper mineralisation, with historic anomalies identified by major players Newmont and Newcrest during the 1980s and 1990s now slated for ground verification.

Building on Last Year’s Resource Growth

Rincon’s drilling campaign in late 2025 successfully extended near-surface mineralisation by roughly 150 metres along strike and down-dip into the transition zone, confirming that the deposit remains open at depth. The current Mineral Resource Estimate (MRE), published in February 2025, stands at 870,000 tonnes grading 0.96 grams per tonne gold and 0.26% copper, equating to approximately 26,800 ounces of gold and 2,286 tonnes of copper. The upcoming drilling program aims to further increase these resources, with an updated MRE expected by the end of the first quarter of 2026.

Modern Exploration Meets Historical Data

One of the intriguing aspects of the project is the opportunity to revisit and verify several historic exploration anomalies identified decades ago by Newmont and Newcrest. These targets have not been the focus of modern exploration techniques until now, and Rincon’s renewed activity could unlock additional mineralisation zones within the Hasties project area. The company has engaged Widenbar and Associates to oversee the revision of the MRE, ensuring a robust and technically sound update.

Outlook and Market Implications

With drilling approvals secured and a clear strategy in place, Rincon is poised to advance its Telfer South project significantly. The combination of historical data, recent drilling success, and strategic partnerships positions the company well to enhance the value of its gold-copper assets. Investors will be watching closely for assay results and the updated resource estimate, which could materially influence Rincon’s market valuation and future development plans.