Zenith Minerals Confirms High-Grade Gold at Auburn, Sets Drilling Plans

High-Grade Gold Confirmed at Auburn

Zenith Minerals Limited has unveiled promising assay results from its 100%-owned Auburn Gold Project in Queensland, confirming the presence of high-grade gold mineralisation at surface. Recent grab rock-chip samples collected in December 2025 returned gold grades as high as 7.96 grams per tonne, supporting earlier reconnaissance sampling that identified multiple high-grade zones across the project area.

The Auburn Project lies within the New England Orogen, a historically underexplored gold district with mining activity dating back to the late 19th century. Zenith’s systematic exploration since 2022 has revealed multiple gold anomalies extending up to 600 metres along strike, including areas around historic workings such as Blast and New Camp. Notably, previous rock chip sampling recorded a peak grade of 23.3 g/t Au at New Camp, underscoring the potential for significant mineralisation.

Strategic Exploration Plans Underway

Building on these encouraging surface results, Zenith is advancing geological interpretation and targeting for follow-up work. The company plans an infill soil sampling campaign with tighter spacing to better define gold anomalies, followed by initial reverse circulation (RC) drilling within approximately six months, subject to permitting. This phased approach aims to test the continuity and depth of mineralisation beneath surface workings, which remain largely untested by modern drilling techniques.

Zenith’s exploration strategy also includes digitising and mapping historic mine workings to refine structural models, alongside extending soil geochemistry surveys to other priority prospects within the Auburn tenement. The project’s geology, characterised by granitic intrusions and alteration typical of intrusion-related gold systems, suggests potential for a broad and vertically continuous mineralised footprint.

Complementing a Growing Gold Portfolio

The Auburn Project forms part of Zenith’s expanding gold portfolio, which prominently features the Red Mountain Gold Project in Queensland. Red Mountain has demonstrated large-scale gold mineralisation with recent drilling intercepts including 325 metres at 0.56 g/t Au and intervals exceeding 1 g/t Au. Metallurgical testing indicates favourable gold recoveries, enhancing the project’s development prospects.

Zenith’s diversified asset base also includes projects in Western Australia and a strategic interest in a zinc-lead-silver joint venture, positioning the company to capitalise on strong gold market fundamentals while maintaining exposure to battery minerals. The Auburn results add a compelling new chapter to Zenith’s exploration narrative, highlighting the potential for discovery in a historically overlooked region.