Vita Resources Expands Gold Targets and Polymetallic Potential in WA and Canada

Ninnis Gold Project Accelerates with Expanded Drilling

Vita Resources NL (ASX:VTA) is ramping up exploration at its recently acquired Ninnis Gold Project in Western Australia's Northern Goldfields, following promising early results. The maiden auger drilling program, initially planned for 1,200 holes, has been expanded with an additional 300 infill holes after multiple large gold-in-soil anomalies were identified. These anomalies extend over 600 metres in the northern sector and a substantial 500 by 300 metres in the southern sector, highlighting the project's potential near major gold deposits such as AngloGold Ashanti's Sunrise Dam and Genesis Minerals’ Mount Morgans.

The drilling focuses on two sub-parallel fault zones linked to gold mineralisation at Mount Morgans, now confirmed as major structural controls. With 850 holes completed to date, drilling contractors are preparing to remobilise to site to finish the program and commence infill drilling. This expanded program aims to build a pipeline of priority targets for follow-up, positioning Vita to unlock value in a historically underexplored area with no modern systematic exploration until now. The project’s proximity to significant gold mining centres adds strategic appeal to Vita’s portfolio. These developments build on the company’s earlier efforts to mobilise drilling and weather-related interruptions in early 2026 expanded drilling program and maiden drilling mobilisation.

ICE Project Confirmed as Polymetallic Asset with Growth Potential

In Canada’s Yukon Territory, Vita Resources is advancing the ICE Polymetallic Project, which holds a JORC (2012) Mineral Resource Estimate of 6.43 million tonnes grading 1.07% copper. The resource is predominantly classified as indicated, with mineralisation starting at surface and extending to depths mostly under 200 metres, making it potentially amenable to open-pit mining. Only a fraction of the 56 square kilometre project area has been drill tested, leaving considerable scope for discovery of additional zones of volcanic hosted massive sulphide (VHMS) mineralisation.

Recent re-evaluation by independent geologist Nigel Maund upgraded the project’s status from copper-gold to polymetallic, adding cobalt and silver as incremental elements. This reclassification opens avenues for enhanced economic value through potential co-products or by-products. Laboratory work is ongoing to better understand the relationship between these elements and the copper mineralisation. The project also benefits from strong local infrastructure access and a supportive recommendation from the Yukon Environmental and Socio-Economic Advisory Board for a five-year exploration program, a crucial regulatory milestone Yukon exploration approval that underpins ongoing development plans.

Gyttorp Project Offers Rare Earth and Copper Upside in Sweden

Vita’s Gyttorp Project in Sweden represents a high-grade copper and rare earth element (REE) exploration opportunity within a known REE-enriched skarn belt. Covering a large mineral system with over 200 mineral occurrences, the project has yielded surface samples with copper grades up to 8.5% and rare earth oxide concentrations exceeding 1,000 ppm TREO. Multiple drill targets have been generated from both historical and recent sampling campaigns, with ongoing evaluation to assess gold potential alongside copper and critical metals exposure. This adds a strategic dimension to Vita’s portfolio, diversifying its commodity exposure and geographic footprint.

Corporate Leadership and Strategic Focus

Under new leadership appointed in 2025, Vita Resources has shifted its focus towards disciplined project evaluation and regional gold acquisitions, while advancing its existing portfolio across three jurisdictions. The board brings extensive experience spanning mining operations, exploration, and project development across Australia, South America, and Africa. With a market capitalisation of approximately $2.42 million at $0.032 per share, the company is targeting near-term shareholder value through exploration success and strategic asset management. The leadership’s emphasis on disciplined execution is evident in the prioritisation of five key projects focused on gold, copper, and critical minerals, reflecting a balanced approach to risk and opportunity in the current mining landscape.