Vita Resources builds an ANZ gold pipeline around Ninnis and Otago

Vita positions Ninnis at the centre of its gold reset

Vita Resources NL (ASX:VTA) is pitching a small but expanding Australian and New Zealand gold portfolio as the next stage of its corporate reset, with the early-stage Ninnis Gold Project in Western Australia emerging as its immediate exploration focus. The company’s October investor presentation puts its market capitalisation at A$2.01 million at a share price of A$0.021, with about 96 million shares on issue.

“Ninnis GOLD project”

Ninnis, acquired in December 2025, covers about 25 square kilometres roughly 30 kilometres west of Laverton and six kilometres north of Genesis Minerals’ Mount Morgans mining centre. Vita says no modern exploration has been undertaken at the project, but an initial 850-hole auger program identified several gold-in-soil anomalies, including a consistent anomaly measuring about 500 metres by 300 metres. The company has expanded the maiden program by approximately 300 infill holes.

The work program builds on the expanded Ninnis auger program, which was reported after initial soil results highlighted the project’s two sub-parallel fault zones. The presentation does not provide a mineral resource or drilling discovery, and its own disclaimer says the exploration target potential remains conceptual where described. The next meaningful test is whether infill work and planned maiden drilling can convert surface anomalies into drill targets and, eventually, a defined resource.

New Zealand adds a second exploration front

“~68km2 Exploration Permit application lodged in the Bendigo area of Central Otago, adjoining Santana Minerals’ (ASX: SMI) Bendigo-Ophir Gold Project.”

Vita is also building a New Zealand pipeline through an exclusive Heads of Agreement with Otago Gold. The arrangement gives Vita access to hard-rock and large-scale opportunities initially across Southland and Otago, while Otago Gold continues its alluvial mining activities. The company says it can evaluate, explore, develop and potentially mine qualifying opportunities, with additional gold and associated-metal projects under review.

That strategy now includes a roughly 68-square-kilometre exploration permit application in Central Otago’s Bendigo area, adjoining Santana Minerals’ Bendigo-Ophir Gold Project. Vita is targeting regional thrust structures, but the application is not yet a granted permit and the resource figures cited in the presentation belong to Santana’s neighbouring project, not Vita. New Zealand exploration is targeted to commence in 2027.

Funding and execution remain the immediate tests

“Ninnis Gold Project, WA”

The company says its transformation began in May 2025, when directors and another investor recapitalised Bastion Minerals to pursue Australian and New Zealand gold acquisitions. It has since rebranded as Vita, consolidated its capital structure and begun exiting non-core Canadian and Swedish assets, including the ICE Polymetallic and Mariner Copper projects in Canada and a Swedish rare earths and copper project.

Vita’s latest shareholder funding offer sought up to A$500,000 for Ninnis exploration and further gold opportunities, although the offer was non-underwritten and the final amount was uncertain. Against a stated ambition to acquire more projects and advance work in both countries, the size and timing of future funding will matter as much as the geology. For now, Vita has a portfolio narrative and a work program, but no producing asset or mineral resource of its own disclosed in this presentation.