Latest Mareeba Gold Project News

Clara Resources has finalised an initial 25-hole drilling campaign at Mareeba after rock chips returned up to 27.3 g/t gold, but entered October with only A$185,000 in cash. The explorer is relying on a delayed Kildanga sale and the second tranche of a placement to fund its next phase.

Clara Resources has pivoted decisively from coal to gold, but its Mareeba ambition sits alongside a $7.36 million annual loss, only $112,000 in year-end cash and a disclosed material uncertainty over going concern. The company is now relying on drilling, asset-sale proceeds and further capital to keep the strategy moving.

Clara Resources is set to kick off a maiden drilling campaign at its Mareeba Gold Project, marking the first drilling activity since the late 1980s. The program, fully funded by a $1.165 million placement, targets historic high-grade gold zones and aims to establish a maiden JORC Mineral Resource.

Clara Resources (ASX:C7A) sharpened its exploration focus on the Mareeba Gold Project, unveiling seven new targets from a LiDAR survey and expanding its tenure by 111 km². The company also refreshed its leadership and bolstered its cash position through a $1.13 million equity raise.

Clara Resources’ maiden field program at Mareeba Gold Project confirms high-grade gold assays up to 27.3 g/t, validates LiDAR targets, and establishes a 3D vein model to guide upcoming drilling.

Clara Resources has secured options over 111 square kilometres of new tenure along the Kingsborough Fault corridor at its Mareeba Gold Project, consolidating a district-scale landholding rich in gold, antimony and tungsten prospects.

Clara Resources has completed acquisition of the Mareeba Gold Project, initiating modern exploration and refocusing its portfolio on Queensland gold assets while securing fresh capital and leadership changes.

Clara Resources has compiled a comprehensive digital geochemistry database from 1980s exploration data, revealing a large-scale gold system at its Mareeba Gold Project in Queensland and setting the stage for maiden drilling in H2 2026.

Clara Resources has appointed Duncan Gordon as Executive Director, signalling a strategic pivot to accelerate exploration at its Mareeba Gold Project in North Queensland. Former Managing Director Peter Westerhuis steps down but remains as a consultant.

Clara Resources pivots exclusively to its Mareeba Gold Project in North Queensland, securing $1.1 million in fresh capital and renewing its board to drive exploration in a historically rich but underexplored gold province.

Clara Resources has agreed to sell its Kildanga nickel-cobalt project for up to $1.75 million, marking a strategic shift to focus on its Mareeba gold exploration in Queensland.

Clara Resources confirms a large-scale, high-grade gold system at its newly acquired Mareeba Gold Project in Far North Queensland, setting the stage for immediate drilling to define a maiden JORC resource.