Axiant Resources Limited (ASX:AXR)

Axiant Resources announced that gradient array and pole-dipole induced polarisation surveys at the Mt Shoobridge prospect within its Shoobridge Gold Project in the Northern Territory have refined priority gold drill targets ahead of the company’s maiden drilling program. The surveys outlined a continuous central low-resistivity, elevated-chargeability trend associated with or adjacent to the main Shoobridge gold-bearing shear, plus a strong narrow conductor at depth that is interpreted as likely related to graphitic shale, with chargeability in that central zone mainly shallow. Importantly, the work also identified deeper untested chargeability zones on both the western and eastern sides of the central conductor, including a strong target on line 20750N, leading Axiant to define three key drill target areas: the central conductor at depth beneath historical drilling, the lightly tested eastern flank of the conductor, and deeper western and eastern chargeability zones. All approvals for drilling have been received and site preparation has commenced, with drilling expected in the coming weeks to test for extensions of known gold mineralisation along strike and at depth. The announcement also notes that Shoobridge comprises granted EL31407 covering about 230 km², that only a limited portion of the approximately 4.5 km mineralised trend has been drill tested, and that a broader exploration plan includes an initial program of about 4,000 m of RC drilling and 1,500 m of diamond drilling as part of larger 2026–2027 work, subject to weather and site access.