Western Yilgarn Secures 201 km² Gascoyne Gold Licences with Seven Key Targets

Strategic Tenement Grants in a Proven Gold District

Western Yilgarn NL (ASX:WYX) has secured three key exploration licences (E09/2986, E09/2987, E09/2988) in the Gascoyne region of Western Australia, covering 201 square kilometres in the Glenburgh Gold District. This area is directly adjacent to Benz Mining Corp’s Glenburgh Gold Project, which boasts a 16.3 million tonne resource grading 1.0 g/t gold, equating to over half a million ounces of gold. The granted licences lie within the same Dalgaringa Supersuite lithology and structural corridors that control the Glenburgh mineralisation, making them highly prospective ground for Western Yilgarn’s early-stage exploration ambitions.

Geophysical Insights Highlight Seven High-Priority Targets

In August 2025, Western Yilgarn engaged Core Geophysics Pty Ltd to reinterpret historical airborne magnetic, radiometric, and gravity data over the licences. The resulting analysis identified seven priority gold target zones characterised by magnetic breaks, shear zones, and potassium anomalies; signatures that closely mirror those vectoring into mineralisation at the Glenburgh deposits. These targets, spread across the southern and eastern blocks of the tenements, include structurally complex zones with magnetic lows and demagnetised corridors indicative of potential gold mineralisation. None have yet been tested by drilling, underscoring the project’s greenfield nature.

The structural complexity and magnetic trends in E09/2986 and E09/2987 are particularly compelling. For example, E09/2986 lies on the southeast extension of Benz’s mineralised trend, with multiple gold occurrences nearby, while E09/2987 hosts east-west shear zones down-plunge from central Glenburgh deposits. The geophysical signatures align with known controls on gold mineralisation such as shear flexures and intersections.

Early Exploration Stage with Significant Upside Potential

Western Yilgarn’s Non-Executive Director Pedro Kastellorizos emphasised the project’s potential, noting the licences’ direct geological equivalence to a major gold system extending over 50 kilometres in strike length. The company has yet to conduct drilling or sampling on these tenements, marking this as a foundational phase of exploration focused on target generation and structural interpretation.

This strategic move complements Western Yilgarn’s broader portfolio, which recently saw significant discoveries of high-grade cobalt, scandium, and gallium at the Ida Holmes Junction Project. These critical minerals results, reported earlier this year, highlight the company’s diversified approach to mineral exploration in Western Australia’s underexplored regions. The Gascoyne gold project adds a promising gold-focused dimension to Western Yilgarn’s suite of assets, potentially enhancing its appeal to investors seeking exposure to both precious and critical minerals in emerging provinces.

Given the proximity to Benz Mining’s well-defined resource and the analogous geological setting, Western Yilgarn’s forthcoming exploration programs will be closely watched. The company’s ability to convert these geophysical targets into drill-ready prospects and eventually into mineral resources will be key to unlocking value from this district-scale opportunity.