220m at 0.79% CuEq Intersected at Mandamah Bolsters Gilmore Project

Strong Drill Result at Mandamah

LinQ Minerals Limited (ASX: LNQ) has announced a standout drilling result from its Mandamah deposit, part of the Gilmore Project in New South Wales. The latest hole, MDACD001, intersected 220 metres grading 0.79% copper equivalent starting from 99 metres downhole. This intercept includes 0.44 grams per tonne gold and 0.44% copper, confirming the presence of a substantial, shallow mineralised core.

The Mandamah deposit, discovered in the mid-1990s, remains open along strike and at depth, with this result reinforcing the continuity of higher-grade copper-gold mineralisation. The scale and grade of this intersection are comparable to recent hits at nearby deposits such as The Dam and Gidginbung, located approximately 15 kilometres to the south.

Strategic Significance of the Gilmore Project

LinQ’s Gilmore Project is situated within the Macquarie Arc, a premier porphyry copper-gold province in Australia. The project’s geological setting is notably similar to the Northparkes copper-gold complex, a major operating mine approximately 150 kilometres north. This analogy enhances the strategic value of LinQ’s tenement package, which spans nearly 600 square kilometres and hosts a global mineral resource estimate of 516 million tonnes containing roughly 3.7 million ounces of gold and 1.2 million tonnes of copper.

The Gilmore Project encompasses multiple deposits and prospects, including Mandamah, Donnington, Estoril, Culingerai, and Gidginbung, forming a 17-kilometre mineralised corridor. The recent drilling success at Mandamah adds to the growing evidence of a significant copper-gold district with both porphyry and epithermal styles of mineralisation.

Exploration Momentum and Funding

LinQ is ramping up its exploration activities with three drill rigs now active on site, reflecting an aggressive approach to resource expansion in 2026. Executive Chair Clive Donner highlighted the company’s strong financial position, with approximately $20 million in cash reserves to support ongoing drilling campaigns. The company anticipates frequent news flow as it pursues extensions along strike and at depth, aiming to delineate further mineralisation within the Central Zone and beyond.

Drilling techniques employed include a combination of aircore, reverse circulation, and diamond core drilling, ensuring high-quality sampling and geological data. The recent MDACD001 hole was designed to confirm the continuity of the higher-grade core and successfully intersected a porphyry-related quartz-sulphide stockwork vein system consistent with the deposit’s geological model.

Looking Ahead

With the Mandamah system still open and multiple targets along the Gilmore Project corridor, LinQ Minerals is well positioned to build on its current resource base. The company’s exploration strategy leverages both brownfield and greenfield opportunities, supported by a robust tenement package and a geological setting analogous to some of Australia’s most productive copper-gold mines.

Investors and analysts will be watching closely as LinQ advances its drilling program, with the potential for further significant intersections that could underpin future development decisions.