Xpedra Uncovers Broad Shallow Gold Zones at Springfield Deposit

Strong Early Gold Intercepts Confirm Shallow Mineralisation

Xpedra Resources (ASX:XPD) has kicked off its maiden drilling program at the Springfield Gold Deposit in NSW with encouraging results from the first two Reverse Circulation (RC) holes. The highlight is a 36-metre intercept grading 1.84 grams per tonne (g/t) gold starting at just 19 metres depth, including higher-grade intervals of 13m at 3.10g/t and 8m at 2.36g/t. This broad, shallow mineralisation confirms a robust gold system and underpins the project’s potential to host a significant deposit close to surface.

Extensive Drilling Program Underway with Assays Pending

To date, Xpedra has completed 27 holes totalling 2,579 metres, with assays awaited for 25 more holes expected over the next four to six weeks. The initial holes tested both down-dip and up-dip extensions of known mineralisation within a 1,700-metre-long mineralised intrusion. The company is systematically validating historical zones and probing new targets along the mineralised corridor. The mineralisation remains open at depth to the west and along strike, signalling ample scope for expansion.

These results come after Xpedra’s acquisition of the Springfield deposit in late 2025, a site that had seen limited drilling since 1999 despite historical intercepts of thick, high-grade gold. The current program is designed not only to extend mineralisation but also to clarify geological controls and correct uncertainties around previous drill hole locations, which have shown discrepancies in grade correlation and lithology.

Geological Setting and Historical Context

Springfield lies within the Lachlan Fold Belt’s Ordovician volcanic and intrusive sequences, hosting mesothermal vein-style gold mineralisation associated with quartz veining and alteration zones. The project’s shallow mineralisation and broad intercepts are consistent with a structurally controlled system that remains largely untested at depth and along strike.

Xpedra’s Managing Director Scott Funston, appointed earlier this year as the company geared up for drilling, emphasised the significance of these early results in reinforcing confidence in Springfield’s scale potential. His leadership aligns with the company’s strategic focus on advancing this underexplored asset, following the acquisition and maiden drilling program announcement earlier in 2026.

Next Steps and Exploration Outlook

With assays from the majority of drilled holes pending, Xpedra plans to analyse the full dataset before committing to further drilling. This approach will refine targeting and address uncertainties from historical data, ensuring a more accurate geological model. Follow-up RC and diamond drilling are anticipated to extend mineralisation and test new targets once the current results are fully interpreted.

The company’s systematic and cautious approach, balancing validation of legacy data with new exploration, will be critical in defining Springfield’s resource potential. Given the deposit remains open in multiple directions and near surface, the unfolding results could reshape expectations for this NSW gold project.

These developments follow Xpedra’s recent appointment of Scott Funston as Managing Director, which coincided with the commencement of the Springfield drilling campaign and signalled a clear operational focus on unlocking value from this promising asset.