WIN Metals Hits 334g/t Gold Outside Radio Mine Plan

Bonanza Grades Expand Radio Gold Project Upside

WIN Metals Ltd (ASX:WIN) has delivered a striking boost to its Radio Gold Project in Western Australia, reporting underground samples grading as high as 334 g/t gold. These bonanza grades come from recently developed underground workings, notably outside the current resource envelope and mine plan, highlighting significant upside potential. The results underscore the nuggety nature of the deposit, where high-grade shoots can sit mere metres from modest-grade material, reinforcing the company’s mantra to “drill for structure, develop for grade.”

Alongside the underground sampling, drilling has confirmed high-grade gold mineralisation both within planned mining areas and in zones beyond the current mine design. Notable intersections include 3 metres at 19.51 g/t Au at the Repeater open pit margin and 2 metres at 16.01 g/t Au at Radio, which will be factored into ongoing mine planning. These findings bolster confidence in the existing mine plan while pointing to meaningful exploration upside.

Advancing Toward a 2026 Development Decision

WIN Metals is targeting a development decision within this financial year, contingent on completing studies, securing financing, and obtaining necessary approvals. The company has progressed underground and open pit mine designs into detailed schedules to evaluate processing options, including third-party toll treatment, ore sales, or a standalone owner-operated facility. A preferred processing configuration is nearing final engineering and cost estimates, with a decision expected in the coming weeks.

Permitting activities are well advanced under updated legislative frameworks, with baseline environmental studies underway to support potential on-site processing and tailings storage. The Radio mine site remains intact and dewatered, with existing underground infrastructure in place, positioning the project for a potentially rapid restart.

Satellite Acquisitions Enhance Project Optionality

Complementing the Radio Project’s drilling success, WIN Metals recently acquired the Princess Royal and secured an exclusive option for the Stumpy Doodle gold mines, both high-grade assets within trucking distance. These acquisitions expand the broader Radio gold portfolio and introduce additional development optionality, potentially accelerating gold production timelines. This strategic move builds on the company’s earlier resource growth at Radio, which saw a 46% increase to 41,000 ounces of contained gold, underpinning the project’s near-term production potential.

The company’s Managing Director, Steve Norregaard, emphasised the significance of these results: “Exceptional grades returned outside the existing design highlight clear potential upside. This work is improving our understanding of the mineralisation and advancing the project toward a development decision.”

Geological Complexity and Exploration Potential

The Radio Gold Project’s mineralisation is structurally controlled, hosted within narrow quartz lodes along the margin of the Southern Cross Greenstone Belt. The deposit exhibits complex brittle-ductile shear systems with stacked mineralised shoots extending underground and at surface. The company’s drilling and sampling programs have refined geological models, confirming continuity and grade distribution critical for mine design.

Beyond the central prospects, numerous untested historical workings and structural trends across WIN’s tenure present significant exploration upside. Priority targets include the Repeater North and Manxman lines, among others, which will be evaluated throughout 2026 as part of the company’s growth strategy.

Diversified Portfolio Supports Long-Term Growth

While gold remains the focus at Radio, WIN Metals maintains a diversified portfolio including the Mt Edwards Nickel Project with 180,900 tonnes of contained nickel and the Faraday-Trainline Lithium Project hosting 13,500 tonnes of lithium oxide. The company also recently advanced its Butchers Creek Gold Project, which boasts a 9-year mine life and robust economics. This breadth of assets positions WIN to capitalise on multiple critical and precious metal opportunities in Western Australia.

As the company progresses toward finalising mine development plans and processing strategies, the market will be watching how these exceptional assay results translate into operational and financial outcomes. The pending Mineral Resource Estimate update and ongoing permitting milestones will be key catalysts in the coming months.

These developments build on WIN Metals’ recent successes, including a substantial resource upgrade and strategic acquisitions, reinforcing the Radio Gold Project’s standing as a compelling near-term production opportunity within the Eastern Goldfields. The company’s approach to balancing high-grade underground potential with open pit opportunities and processing flexibility will be crucial in shaping its path forward.

With assay results still pending from Radio Central and beneath the Repeater open pit, further surprises may yet emerge, adding layers of complexity and opportunity to this evolving project.

WIN Metals’ latest announcement follows its recent expansion with high-grade acquisitions and the 46% resource boost at Radio, underscoring a period of accelerated development and exploration activity.