Rokeby Resources Acquires Omeo Gold Project and Advances Queensland Exploration

Omeo Acquisition Adds Scale and High-Grade Potential

Rokeby Resources (ASX:RKB) has taken a significant step in reshaping its asset base with the post-quarter acquisition of the Omeo Gold Project in northeast Victoria. This advanced-stage asset carries a historical mineral resource estimate of approximately 320,000 ounces at an average grade of 4.0 g/t gold, spread over a 5.8-kilometre mineralised corridor. The project, split between the Mt Wills and Cassilis tenements, features high-grade intercepts from historical drilling, including standout hits such as 15.9 metres at 52.3 g/t Au and 0.8 metres at 208.9 g/t Au.

While these resource figures are derived from historical data not compliant with the current JORC Code, Rokeby highlights the potential for near-term resource expansion and multiple development pathways, including underground mining and toll treatment options. The acquisition aligns with Rokeby’s strategy to build a portfolio of high-quality, high-grade gold assets, enhancing its appeal to institutional investors and strategic partners.

This move follows the company's earlier announcement of the acquisition and $4 million capital raise commitments from sophisticated investors, designed to fund exploration and development activities at Omeo and beyond, as detailed in the recent Omeo Gold Project Backed by $4 Million Placement announcement.

Queensland Projects Yield Encouraging Exploration Results

Meanwhile, Rokeby’s northern Queensland projects continue to deliver promising results. At the Macauley Creek Project, rock chip sampling confirmed high-grade silver and copper mineralisation, with assays reaching up to 1,204 g/t Ag and 5.37% Cu. New prospects such as Pinnacles and Copper Cap have been identified, showing anomalous base metal concentrations that warrant further investigation. Planned detailed mapping and geophysical surveys aim to refine drill targets in this emerging district-scale system.

The Hurricane Project saw successful reconnaissance soil sampling lines that validated soil geochemistry as an effective exploration tool in detecting gold, antimony, and arsenic anomalies across known and previously unmapped prospects. These results build on the company’s earlier identification of multiple high-grade gold-antimony targets at Hurricane, as reported in January 2026, reinforcing the project's potential for resource growth. A New High-Grade Gold-Antimony Targets at Hurricane report outlined these findings and set the stage for upcoming drilling.

Drilling Plans and Weather-Related Delays

Rokeby has finalised plans for a reverse circulation drilling campaign targeting four key prospects at Hurricane: Tornado, Bouncer South, Holmes, and the previously undrilled Monsoon prospect. The program aims to test structural controls on mineralisation, including down-plunge extensions of known high-grade shoots. However, persistent heavy rainfall and flooding in northern Queensland have delayed access to the project, pushing back the commencement of drilling activities by several weeks.

The company’s approach to drilling builds on prior campaigns that intersected significant gold and antimony mineralisation, with the new program designed to enhance geological understanding and resource definition.

Financial Position and Leadership Transition

At the end of March 2026, Rokeby held $0.4 million in cash, with exploration expenditure of $164,000 during the quarter. Post-quarter capital commitments of $4 million, subject to shareholder approval, provide a critical funding boost to advance the company’s growth plans. The capital raise notice will be accompanied by resolutions related to the Omeo acquisition.

In conjunction with the acquisition, Rokeby announced a leadership transition to capitalise on the new asset’s potential. Richard Beazley, a mining engineer with over 35 years of experience, is set to become Managing Director, while Tim Pallas, a seasoned Victorian politician and former Minister for Resources, will assume the role of Non-Executive Chairman. Current CEO Trevor Benson will remain on the board as a director, ensuring continuity.

This leadership reshuffle reflects Rokeby’s ambition to elevate its profile and operational capability as it moves towards resource development and institutional investor engagement.