Xpedra Expands Shallow Gold Mineralisation at Springfield with New High-Grade Drilling Results

Significant Shallow Gold Intercepts Reinforce Springfield Potential

Xpedra Resources (ASX:XPD) has delivered a fresh batch of assay results from its maiden Reverse Circulation (RC) drilling campaign at the Springfield Gold Deposit in New South Wales, confirming broad, high-grade gold mineralisation near surface. Highlights include a standout 44-metre intercept grading 2.03 grams per tonne (g/t) gold from just 1 metre depth, including higher-grade zones such as 7m at 4.04g/t and 12m at 3.46g/t. Another hole returned 24m at 2.97g/t from surface, featuring 15m at 4.27g/t and an impressive 8m at 6.71g/t gold from surface.

These results build on earlier strong hits from the southern portion of the deposit, such as 55m at 1.32g/t and 37m at 1.90g/t from surface, confirming the continuity of thick, shallow mineralisation across the main mineralised corridor. Mineralisation now extends over approximately 180 metres of strike length and to around 70 metres vertical depth, with assays still pending from eight additional holes drilled along strike and at depth.

Follow-Up Drilling Targets Depth Extensions

With encouraging shallow intercepts confirmed, Xpedra is set to commence a follow-up RC drilling program this week, targeting approximately 1,000 metres designed to test for deeper extensions beneath the shallow mineralisation. The maiden 27-hole RC program has so far returned assays from 19 holes, steadily increasing confidence in the scale and continuity of the Springfield system. The mineralisation remains open to the north, west, south-west, and at depth, indicating substantial exploration upside.

Managing Director Scott Funston emphasised the significance of the results: "Thick gold mineralisation has been intersected at shallow depths over 180 metres of strike in our maiden drilling program, including one of the strongest results to date with 44m at 2.03g/t from 1 metre. Mineralisation remains open in multiple directions, and we are excited to begin testing depth extensions this week."

Geological Setting and Historical Context

The Springfield Gold Deposit lies within the Lachlan Fold Belt, hosted by Ordovician mafic volcanics and intrusives, with gold mineralisation consistent with mesothermal vein-style systems controlled by brittle deformation. Historical drilling has been limited, only 6,568 metres prior to Xpedra's recent program, and largely shallow, leaving much of the 1,700-metre mineralised intrusion underexplored at depth.

Xpedra acquired 100% ownership of the project in November 2025, with no impediments to tenure. The current drilling campaign is the first since 1999, aiming to systematically test and extend known gold zones while exploring new targets along the mineralised corridor.

Pending Assays and Next Steps

Assays from the remaining eight holes drilled during the maiden program are expected in the coming weeks. These include holes along strike to the north and several designed to probe the deposit's depth potential. Following receipt and interpretation of all results, further RC and diamond drilling is anticipated to refine the geological model and potentially support resource estimation.

The company's cautious optimism is underpinned by the consistency of broad, shallow gold intervals, the presence of multiple higher-grade zones, and the open-ended nature of mineralisation. However, true widths of mineralisation are not yet fully established, and exploration remains at an early stage.