Moonlight Resources Expands Leo Grande Gold System Over 1km Strike with Phase 2 Drilling Complete

Phase 2 Drilling Confirms Extensive Gold Mineralisation

Moonlight Resources Ltd (ASX:ML8) has wrapped up its Phase 2 reverse circulation (RC) drilling at the Leo Grande Prospect within its Clermont Gold Project, delivering a significant expansion of the known gold system. The latest batch of 37 holes, totalling 6,126 metres, has extended the mineralised strike length beyond 1 kilometre, encompassing Leo Grande Central, South, and North zones.

Leo Grande Central continues to impress with broad and consistent gold intersections. Noteworthy results include 24 metres at 1.22 g/t gold from 87 metres (LGRC113), featuring higher-grade intervals such as 2 metres at 4.47 g/t gold, and 19 metres at 1.95 g/t gold from 99 metres (LGRC130). These intersections reinforce the continuity of the mineralised shear zone and add valuable density to the geological model supporting an upcoming maiden Mineral Resource Estimate (MRE).

Extension of Mineralised Shear Beyond Central Zone

Drilling to the south and north of the central zone has intersected the Leo Grande Shear Zone’s projected extensions, confirming that the mineralised structure persists beyond the previously drilled area. While Leo Grande South shows generally lower-grade and less continuous mineralisation, it still hosts broad zones of anomalous gold, including 19 metres at 0.86 g/t gold from 114 metres (LGRC189) with a higher-grade 1 metre interval at 3.82 g/t gold. Similarly, early drilling at Leo Grande North has intersected near-surface gold mineralisation, such as 6 metres at 0.64 g/t gold from 34 metres (LGRC146), indicating the shear zone’s northern continuity.

These extensions provide fresh targets for follow-up drilling and suggest potential for resource growth beyond the central core. The company’s Managing Director, Greg Starr, highlighted the importance of these results in confirming a coherent gold-bearing shear system unconstrained over more than 1km of strike.

Diamond Drilling to Enhance Geological Understanding Ahead of Resource Estimate

With the Phase 2 RC drilling complete, Moonlight is preparing a short diamond drilling program designed to improve structural and geological control. This will complement the extensive RC dataset and provide critical information on the geometry and continuity of mineralisation. The combined data will underpin the maiden MRE at Leo Grande, a key milestone for the project’s advancement.

Assay results from remaining Phase 2 holes are still pending and will be released as they become available. The company’s broader Clermont exploration portfolio remains active, with drilling underway at the Goldfinger gold prospect and Peak Downs copper prospect, offering multiple avenues for new discoveries while Leo Grande moves towards resource definition.

Context Within Clermont and Broader Exploration Pipeline

The Clermont Gold Project covers a 268 km² landholding in Queensland, hosting multiple walk-up drill targets and historical mineralisation trends. Moonlight’s systematic drilling since late 2025 has steadily built confidence in the Leo Grande shear system, with Phase 1 drilling confirming broad near-surface mineralisation and Phase 2 expanding strike and depth potential. The company’s ongoing campaign includes evaluation of other prospects such as Goldfinger, where maiden RC drilling recently commenced, and Peak Downs, where a maiden copper drilling program is underway.

This multi-pronged approach reflects Moonlight’s strategy to leverage its district-scale position in Queensland, aiming to delineate meaningful Mineral Resources that could support future development. The company’s disciplined exploration and geological modelling efforts are setting the stage for a significant resource announcement in the near term.