Avenira Limited has approved a $2.6 million budget to kickstart a comprehensive drilling and sampling campaign at its Jundee South Gold Project in Western Australia, aiming to unlock new gold targets within the prolific Yandal-Wiluna province.
- A$2.6 million budget approved for drilling and sampling
- 16,200 metres of Reverse Circulation and Air Core drilling planned
- Field activities to begin in Q3 2026 with heritage and soil surveys
- Exploration fully funded from existing cash reserves
- Program targets priority gold anomalies from recent geophysical data
Significant Exploration Budget Targets New Discoveries
Avenira Limited (ASX:AEV) has committed A$2.6 million to advance exploration at its 100% owned Jundee South Gold Project, marking a decisive step in the company’s strategy to tap into the Yandal-Wiluna gold belt’s rich endowment. The budget will fund a 16,200-metre drilling campaign combining Reverse Circulation (RC) and Air Core (AC) methods, alongside extensive soil sampling and gravity surveys, all aimed at refining and testing high-priority gold targets.
Drilling and Sampling Program to Commence Q3 2026
Field activities are slated to begin in the third quarter of 2026, following heritage surveys conducted in partnership with Traditional Owners. The initial drilling phase includes 1,600 metres of RC and 14,600 metres of AC drilling, designed to ground-truth geophysical models and unlock new anomalies. Concurrent reconnaissance soil sampling will cover tenements not earmarked for immediate drilling, extending the search to lithium and other prospective commodities.
Data-Driven Targeting from Recent Geophysical Surveys
This exploration push builds on a recent regional airborne geophysical survey conducted by MagSpec Airborne Services, which amassed 29,355 line kilometres of magnetic and radiometric data. The updated geological interpretation, led by geophysicist Marcus Flis, has sharpened the focus on several priority targets within Avenira’s extensive 1,250 square-kilometre tenement package. Exploration Manager Mark Fleming emphasised the project’s strong geological credentials and proximity to established gold operations, underscoring the potential for new discoveries.
Fully Funded Program Reflects Strategic Focus
The exploration campaign will be financed entirely from Avenira’s current cash reserves, ensuring uninterrupted progress through to the end of 2026. Chairman John He framed the budget approval as a disciplined, technically led investment that complements ongoing development work at the Wonarah Phosphate Project. The program’s multi-faceted approach, combining heritage surveys, gravity data, soil sampling, and drilling, reflects a methodical effort to unlock value across Avenira’s asset base.
Next Steps and Market Implications
As Avenira gears up for its field campaign, investors will be watching for early drilling results and any indications of significant gold mineralisation. While the company’s recent funding activities have supported both Wonarah and Jundee South projects, this targeted exploration marks a clear pivot towards unlocking the gold potential of the Jundee South tenure. The success of this campaign could materially influence Avenira’s valuation and strategic trajectory in the competitive Western Australian gold sector.
Bottom Line?
Avenira’s disciplined $2.6 million exploration program at Jundee South sets the stage for potential new gold discoveries, but tangible results will be needed to validate the sizeable investment.
Questions in the middle?
- Will early drilling confirm the priority targets identified from geophysical data?
- How might discoveries at Jundee South influence Avenira’s broader portfolio strategy?
- What timeline can investors expect for meaningful assay results and resource updates?