Green & Gold Minerals Expands Herberton Metals Portfolio with Rare Earths Discovery

Strategic Acquisition Bolsters Copper and Critical Metals Pipeline

Green & Gold Minerals (ASX:GG1) has sealed its acquisition of the Herberton Conductor Metals Project, an 88km² tenement package in North Queensland’s prolific Herberton Mineral Field. This move significantly expands the company’s footprint in a region renowned for copper, silver, tin, gold, and indium mineralisation. The project lies within a copper-silver-tin-indium zone, metals increasingly vital for AI and electrification technologies.

The acquisition, approved by shareholders in April, brings multiple historic mining clusters into GG1’s portfolio, including the Mt Gossan-Siberia, Copper Hills, and Elizabeth Bluffs centres. Historic drill results from these areas show promising grades such as 8m at 39 g/t silver and 2.58% copper from Siberia, and 4m at 6.6 g/t gold from Elizabeth Bluffs, underscoring the polymetallic potential of the project.

Exploration has already commenced post-quarter at Copper Hills and Penang Pekin, with recent portable XRF sampling revealing exceptionally high grades of copper, silver, and indium in mine dumps. Notable results include 35.3% copper and 281 g/t indium at Copper Hills, and 29.7% copper with 74 g/t indium at Penang Pekin. These findings set the stage for planned drilling at Copper Hills in May 2026, aimed at defining a bulk tonnage resource or cluster of resources. This builds on the company’s earlier high-grade copper and indium confirmation ahead of drilling.

High-Grade Gold and Silver Boost Mt Wandoo Prospects

At the Chillagoe Gold Project, GG1 reported compelling drill results from Mt Wandoo, where assays returned 6m at 11.1 g/t gold and 281 g/t silver, alongside other significant intervals. These results reinforce the existing inferred JORC resource of 32,400 ounces gold and 387,000 ounces silver within granted mining leases, positioning Mt Wandoo as a near-term development target.

The company is actively assessing milling options, including potential toll treatment at the nearby Mungana processing facility, recently acquired by Legacy Mines, a private operator with mill expertise. This proximity offers a logistical advantage for advancing Mt Wandoo towards production. Extensional drilling is slated to follow the Copper Hills campaign, continuing the momentum in resource expansion and project development. These developments echo earlier high-grade silver hits that bolstered the Chillagoe project’s outlook.

Sentinel Prospect Uncovers Telluride-Associated Gold Mineralisation

Sentinel, a 650m long Au-Bi-Te soil anomaly adjacent to the Sentinel Granite, revealed a high-tenor gold and telluride vein in diamond drilling. The presence of bismuth and tellurium, identified visually and via assays, is notable for its similarity to nearby million-ounce gold deposits at Mungana and Red Dome. The vein orientation and mineralogy are under further study to refine drilling strategies, with follow-up drilling planned after Copper Hills.

Nutgrove Yields Significant Heavy Rare Earth Oxide Discovery

Adding to its portfolio of future-facing metals, GG1 reported a primary magmatic heavy rare earth oxide (HREYO) discovery at Nutgrove, with a rock chip assay returning 2,230 ppm HREYO in spherulitic rhyolite. This is the highest assay recorded to date for primary magmatic REE mineralisation at the project, which spans 3 by 4 kilometres. The spatial separation from previously sampled secondary mineralisation suggests a large-scale system with considerable exploration upside.

Financial Position and Corporate Developments

Green & Gold Minerals enters 2026 well-funded, holding $3.2 million in cash and having spent $0.15 million on exploration during the quarter, consistent with seasonal drilling pauses. The company also secured shareholder approval for the acquisition of Burlington Mining Pty Ltd, further consolidating its tenement holdings.

Payments to related parties, comprising director salaries and fees, totalled $106,000 for the quarter. The company continues to hold 100% interest in all tenements, including those recently acquired, and is poised to advance multiple drill campaigns across its portfolio.