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Breakthrough Minerals Limited (ASX:BTM)

ALERT: Price-sensitive ASX Announcement for BTM
Current share price for BTM : $0.072 -0.073 (-50.34%)+
Announcement
Release
1 Sep 2026 9:01AM
Price at Release
$0.145
Full Release
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Summary
Breakthrough Minerals Limited (ASX: BTM) announced further assay results from its resource expansion drilling at the Turpentine Deposit within the Hazel Creek Copper-Gold Project in North Queensland, reporting continued high-grade copper-gold mineralisation beyond the current resource model and supporting potential resource growth. Key new intersections were 26TUR005 returning 5m at 3.21% CuEq from 137m, 26TUR006 returning 12m at 0.87% CuEq from 235m including 4m at 1.42% CuEq, and 26TUR007 returning 26m at 0.63% CuEq from 249m including 15m at 0.99% CuEq and 8m at 1.39% CuEq; these results build on previously reported holes 26TUR002 and 26TUR003 and confirm continuity of mineralisation across multiple sections. Turpentine remains the company’s largest deposit with an inferred Mineral Resource of 8.7Mt at 1.16% CuEq for 101,000 tonnes of contained CuEq, within Breakthrough’s broader North Queensland Copper-Gold Project resource base of 200,000 tonnes contained CuEq. The current approximately 4,000m drilling program is testing northern down-plunge and depth extensions identified through gravity inversion modelling and magnetic data, with further assay results pending, while an additional approximately 2,500m RC program is planned across Turpentine South, Eight Mile Creek North and Eight Mile Creek East as part of a broader approximately 10,000m 2026 exploration campaign.
Key Points
  • Announcement dated 1 September 2026 by Breakthrough Minerals Limited (ASX: BTM).
  • The announcement reports further assay results from resource expansion drilling at the Turpentine Deposit in the Hazel Creek Copper-Gold Project, North Queensland.
  • New significant intercepts included 26TUR005 with 5m at 3.21% CuEq from 137m.
  • Hole 26TUR006 returned 12m at 0.87% CuEq from 235m including 4m at 1.42% CuEq from 236m.
  • Hole 26TUR007 returned 26m at 0.63% CuEq from 249m including 15m at 0.99% CuEq and 8m at 1.39% CuEq.
  • The new results extend and support earlier reported mineralised intersections in 26TUR002 and 26TUR003.
  • Results are interpreted as confirming continuity and strength of the Turpentine copper-gold mineralised system outside the current resource model.
  • Turpentine is Breakthrough’s largest deposit with an inferred Mineral Resource of 8.7Mt at 1.16% CuEq for 101,000 tonnes of contained CuEq.
  • The broader North Queensland Copper-Gold Project has a total Mineral Resource inventory of 200,000 tonnes contained CuEq.
  • The current drilling program of about 4,000m is targeting northern down-plunge and depth extensions beyond the existing Mineral Resource envelope.
  • Further assay results from Turpentine remain pending and will be reported progressively.
  • A further approximately 2,500m RC drilling program is planned across Turpentine South, Eight Mile Creek North and Eight Mile Creek East.
  • These activities form part of a broader approximately 10,000m 2026 exploration campaign focused on growing BTM’s copper-gold resource base.
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.