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Alliance Nickel Limited (ASX:AXN)

ALERT: Price-sensitive ASX Announcement for AXN
Current share price for AXN : $0.035 0 (0%)+
Announcement
Release
24 Apr 2026 8:18AM
Price at Release
$0.035
Full Release
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Summary
Alliance Nickel Limited (ASX: AXN) announced the results of its initial reverse circulation (RC) drilling program at the Australia United tenement, which is part of its Wanbanna tenement package in Western Australia. The results showed encouraging gold mineralisation with significant intercepts such as 3 meters at 3.2 g/t gold from 34m and 68m in different holes. The mineralisation remains open along strike and at depth, prompting further drilling to explore these extensions and confirm the findings. Discussions are underway with third parties for a potential earn-in arrangement to fund further exploration and development. The Australia United area has a historical gold production record, but this program represents the first modern exploration effort. The drilling was conducted under Mining Lease M 39/1130, valid until 2040.
Key Points
  • Encouraging assay results from initial 10-hole RC drilling program at Australia United tenement.
  • Significant intercepts include 3m @ 3.2 g/t Au from 34m and 3m @ 3.2 g/t Au from 68m.
  • Mineralisation remains open along strike and at depth.
  • Further drilling recommended to test strike and depth extensions and confirm mineralisation.
  • Alliance in discussions for potential earn-in arrangement over the tenement.
  • Historical gold production at Australia United area was 4,022 ounces with grades 28 g/t to 78 g/t between 1899 and 1907.
  • Drilling was conducted on Mining Lease M 39/1130, valid until 2040.
  • Alliance Nickel Limited is an ASX-listed critical minerals development company.
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.