Mount Hope Mining Advances Mt Solitary Gold Project with Strong Drilling Results

High-Grade Drilling Sets Stage for Resource Definition

Mount Hope Mining (ASX:MHM) is pushing forward at its Mt Solitary gold project in the prolific Cobar Basin, NSW, following the completion of Phases 1 and 2 drilling. The company reported standout intercepts including 6 metres at 17.9 g/t gold from 55 metres and 19 metres at 4.5 g/t from 39 metres, confirming a robust mineralised envelope that remains open in multiple directions. These results underpin the imminent launch of a Phase 3 drilling campaign aimed at expanding the known system and progressing towards a maiden JORC Mineral Resource estimate.

The mineralised zones, including the Glory Hole Pit area, show continuity and significant widths, with intercepts such as 66 metres at 2.36 g/t Au and multiple intervals exceeding 4 g/t Au over substantial thicknesses. The Phase 3 program will focus on southern and western extensions beyond current drilling limits, including testing a highly resistive CSAMT geophysical feature along the MS2 Corridor, which may hold further mineralisation potential.

Exceptional Metallurgy Supports Low-Risk Processing Pathway

Metallurgical testwork from Mt Solitary has delivered impressive results, confirming the deposit’s amenability to conventional processing. The maiden metallurgical program demonstrated over 98% gold recovery via a combination of gravity concentration and cyanide leaching, with 70.4% of gold being gravity recoverable. This coarse free-milling gold, including visible specimens up to 600 microns, suggests a simple, low-risk processing route using established gravity plus CIL (carbon-in-leach) technology.

These findings are corroborated by historical metallurgical data and highlight the potential for toll treatment at nearby Cobar Basin mills, which could accelerate development timelines and reduce capital expenditure. The proximity to multiple operational and underutilised processing plants in the region adds strategic flexibility for potential future production.

Expanding Footprint and Strategic Partnerships

Mount Hope Mining controls a substantial 606 km2 tenement package in the southern Cobar Basin, including over 40 early-stage polymetallic targets beyond Mt Solitary. The company is actively advancing regional consolidation through farm-ins, joint ventures, and strategic partnerships to unlock the broader gold and base metal potential of the area.

One notable development is the Ore Purchase Agreement with Westgold Resources (ASX:WGX), which provides a pathway to unlock gold production from the Crown Prince deposit and exemplifies MHM’s strategy of leveraging local infrastructure and partnerships to fast-track value creation.

Advancing Environmental Readiness and Project Development

Alongside exploration, Mount Hope Mining has initiated environmental baseline data capture to support a fast-tracked Environmental Impact Statement (EIS) application. The appointment of R.W. Corkery & Co as lead environmental consultants signals the company’s intent to advance regulatory readiness in parallel with technical milestones.

The combination of strong drilling results, exceptional metallurgy, and a clear pathway to resource definition positions Mt Solitary as a promising development project within one of Australia’s most active mining districts. The upcoming Phase 3 drilling campaign, scheduled to commence imminently, is a critical catalyst that will test the extent of mineralisation and inform the maiden JORC Mineral Resource expected later this year.