Dundas Minerals has completed the acquisition of 100% ownership of the Rockland Gold Project mining lease and reported high-grade gold assay results from follow-up drilling. With native title clearance now secured at Capricorn, the company is poised to commence drilling across its Kalgoorlie district portfolio.
- 100% acquisition of Rockland mining lease completed
- High-grade gold assays confirm mineralisation continuity at Rockland
- Capricorn mining lease granted with drilling approvals and heritage clearance
- Native title clearance progressing at Romano Gold Project
- $2.5 million placement completed; cash balance at $1.88 million
Rockland Gold Project Ownership and High-Grade Drilling Results
Dundas Minerals (ASX:DUN) has solidified its position in the Kalgoorlie gold district by irrevocably exercising its option to acquire a 100% interest in the Rockland Gold Project mining lease M24/974. The acquisition was satisfied by a $100,000 cash payment plus a 1.5% net smelter royalty on gold production, with Dundas retaining a first right of refusal to repurchase the royalty. This move consolidates Dundas’ control over a key granted mining lease approximately 40 km north of Kalgoorlie.
The company’s follow-up reverse circulation drilling programme at Rockland, comprising 10 holes for 1,688 metres, confirmed the continuity of high-grade gold mineralisation along a north-south trend interpreted to extend over 2 km. Noteworthy 1-metre re-assays revealed standout intercepts, including 1m at 20.35 g/t Au from 140m, 1m at 5.99 g/t Au from 59m, and 1m at 4.41 g/t Au from 73m. These results refine earlier broader composite assays and suggest improving grades at depth beneath a depleted oxide zone, highlighting multiple mineralised shoots open along strike and at depth. The deepest mineralised intercept to date returned 4m at 3.13 g/t Au composite, with a 1m re-assay of 2.67 g/t Au from 180m.
These findings reinforce the potential for Rockland to host significant high-grade gold mineralisation and underpin Dundas’ plans for further drilling along the Rockland-Aquarius-Capricorn corridor.
Capricorn Gold Project Advances with Mining Lease and Drilling Preparation
The Capricorn Gold Project, hosting an inferred JORC resource of 659,300 tonnes at 1.2 g/t Au for 25,500 ounces, saw its mining lease M24/1004 granted on 8 April 2026. Dundas is earning an 85% interest in this tenement held by Black Mountain Gold, a Maritana Minerals subsidiary. With Programme of Work approvals secured and native title clearance granted post quarter-end, Dundas is now cleared to commence exploration drilling aimed at testing extensions and infill targets within the Capricorn deposit.
The company is tendering for a drilling contractor to execute a planned programme that will also cover follow-up drilling at Rockland and Baden-Powell, targeting resource growth along this mineralised corridor. Internal pit shell sensitivity modelling has identified areas where additional drilling could enhance geological confidence, although Dundas cautions this work is exploratory and not indicative of economic viability.
The Capricorn project’s proximity and structural alignment with Rockland and Aquarius prospects form a compelling regional exploration narrative, with mineralisation remaining open and untested in key zones.
Native Title Clearances and Exploration Progress at Romano
Meanwhile, native title and heritage clearance processes are advancing at the Romano Gold Project, located northeast of Kalgoorlie near the Gruyere mine. Dundas continues planning initial field programmes at Romano’s Bloodwood and Brahman prospects, although it cautions that proximity to Gruyere does not imply geological continuity or guaranteed mineralisation.
Corporate Developments and Financial Position
On the corporate front, Dundas appointed mining industry veteran David Greig as a Non-Executive Director effective 1 May 2026. Greig brings over 30 years of experience across construction, open cut and underground mining, and mineral processing sectors, most recently serving as Group Executive – Australia West at Thiess.
Financially, Dundas completed the second tranche of a $2.5 million placement in April 2026, issuing over 35 million shares at 3.8 cents each. The company ended the quarter with a cash balance of $1.877 million, having spent $216,000 on exploration and $180,000 on acquisition costs during the period. Payments to related parties, including directors’ fees and consulting, totalled $114,000.
In line with its strategic focus, Dundas withdrew from its option over the Gerry Well tenements held by GTT Metals Group, concentrating resources on its core Kalgoorlie district gold assets.
Ongoing Exploration Plans at Baden-Powell and Regional Targets
Drilling preparations continue at the Baden-Powell Gold Resource, which hosts an inferred resource of 595,000 tonnes at 1.2 g/t Au for 23,000 ounces. The project remains open in multiple directions with most historical drilling limited to shallow depths. Dundas aims to test extensions and infill targets to better define the resource amid current gold price conditions significantly above those at the time of the last evaluation.
Across its portfolio, Dundas is positioning to leverage granted mining leases, cleared heritage sites, and targeted drilling programmes to unlock value in a highly prospective gold belt near Kalgoorlie.
Bottom Line?
Dundas has consolidated key assets and secured critical approvals, setting the stage for a drilling campaign that could reshape its Kalgoorlie district gold prospects.
Questions in the middle?
- Will follow-up drilling at Rockland and Capricorn confirm resource growth and continuity?
- How quickly will Dundas progress drilling at Baden-Powell and Romano amid heritage clearance timelines?
- What impact will the 1.5% net smelter royalty on Rockland production have on project economics if mining proceeds?