Green & Gold Minerals Ltd (ASX, GG1) has announced the acquisition of the Burlington Silver-Copper project in Queensland’s Herberton Mineral Field, expanding its footprint in a region rich with future-facing metals essential for AI and electrification.
- Acquisition of 88km of highly prospective tenements in Herberton Mineral Field
- Targets include silver, copper, tin, gold, and indium, metals critical for emerging technologies
- Historic drilling and rock chip assays reveal high-grade polymetallic mineralisation
- Transaction valued at $450,000 via all-scrip deal, subject to shareholder approval
- Project complements existing Chillagoe Gold Project and boosts exploration pipeline
Strategic Acquisition in a Growing Mineral Hotspot
Green & Gold Minerals Ltd (ASX, GG1) has taken a significant step forward by acquiring the Burlington Silver-Copper project, a sprawling 88-kilometre package of tenements located in the heart of Queensland’s Herberton Mineral Field. This acquisition, announced in early February 2026, positions GG1 to tap into a mineral-rich region known for its polymetallic deposits, including silver, copper, tin, gold, and indium; metals increasingly vital for artificial intelligence and electrification technologies.
The Herberton Mineral Field has recently garnered attention due to its potential to supply metals critical to the global shift towards digital infrastructure and renewable energy. The Burlington project tenure, granted only in November 2025 after a competitive six-year application process, contains multiple clusters of historic mines that have been underexplored in recent decades, offering fresh opportunities for discovery.
Promising Historic Data and Exploration Potential
Historic drilling and rock chip sampling across key prospects such as Siberia, Elizabeth Bluffs, Mt Gossan, and Callao have returned impressive assay results. Highlights include intercepts of up to 8 metres at 39 grams per tonne silver with 2.58% copper and 0.32% tin, and rock chip samples showing silver grades exceeding 1,500 grams per tonne alongside significant copper and indium values. These polymetallic signatures underscore the project's potential to host large tonnage resources, mirroring successes seen in adjacent projects like Iltani’s Orient and Dover Castle deposits.
Green & Gold’s Managing Director, Quentin Hill, emphasised the strategic importance of the acquisition, noting the alignment with megatrends such as AI and electrification that are driving demand for these metals. The company plans to apply modern exploration techniques to convert the historic mine workings into substantial resources, following the precedent set by nearby projects that have bulked up narrow veins into economically viable deposits.
Transaction Details and Strategic Fit
The acquisition is structured as an all-scrip transaction valued at $450,000, with 2.25 million GG1 shares issued at 20 cents each. The deal is subject to shareholder approval at an extraordinary general meeting expected in mid-March 2026. Notably, some shares issued to directors and related parties will be escrowed for twelve months, reflecting governance safeguards.
This move substantially enhances GG1’s exploration pipeline and complements its existing Chillagoe Gold Project, located approximately 85 kilometres away. The company’s dual strategy focuses on near-term development of gold resources at Mt Wandoo to generate cash flow, alongside transformational exploration success in polymetallic commodities. The Burlington acquisition aligns well with this approach, providing exposure to metals essential for future technologies.
Next Steps and Market Implications
Following shareholder approval, GG1 intends to commence initial reconnaissance and ground truthing activities on the Burlington tenements. While the company has earmarked funds for early-stage exploration, further capital raising may be necessary to advance drilling and resource definition. The acquisition also positions GG1 to benefit from the increasing industrial demand for metals like silver, copper, tin, and indium, which are integral to soldering, electrical connections, and digital infrastructure.
Investors will be watching closely as GG1 integrates Burlington into its portfolio and advances exploration programs in a region with a rich mining heritage and promising future.
Bottom Line?
Green & Gold Minerals’ Burlington acquisition marks a pivotal expansion into electrification metals, setting the stage for exploration breakthroughs in 2026.
Questions in the middle?
- How will GG1 prioritize exploration targets within the extensive Burlington tenements?
- What funding strategies will GG1 pursue to support advanced drilling and resource development?
- Can GG1 replicate the large-scale resource conversions achieved by adjacent projects in the Herberton Mineral Field?