InvestSMART

Albion Resources Limited (ASX:ALB)

ALERT: Price-sensitive ASX Announcement for ALB
Current share price for ALB : $0.060 -0.02 (-25%)+
Announcement
Release
27 Oct 2025 8:24AM
Price at Release
$0.080
Full Release
download
Summary
Albion Resources Limited has identified a new undrilled multi-kilometre gold corridor at Ives North, part of their Yandal West Project in Western Australia. The area is highlighted by high-grade surface rock chip results and significant gold-in-soil anomalies, suggesting a potential intrusion-related orogenic gold system. Despite being completely undrilled, Ives North presents a promising exploration target. The company's recent geochemical and geophysical analyses have reinforced this view, and heritage clearance processes are being expedited to allow for early drilling in the coming year. These efforts are part of Albion's broader strategy to leverage the Yandal West Gold Project, building on successes from adjacent areas like Collavilla.
Key Points
  • New gold corridor defined at Ives North with significant high-grade surface results.
  • Ives North remains undrilled, presenting a compelling exploration opportunity within the Yandal West Project.
  • High-grade gold, bismuth, and tellurium anomalies align with key fault structures.
  • Geochemical and geophysical data suggest a possible intrusion-related orogenic gold system.
  • A coherent 1.5 km × 700 m gold-in-soil anomaly has been identified.
  • Heritage clearance is being fast-tracked to commence drilling early next year.
  • Albion aims to build on the success at Collavilla and unlock the potential of the Yandal West Gold Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.