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Breakthrough Minerals Limited (ASX:BTM)

ALERT: Price-sensitive ASX Announcement for BTM
Current share price for BTM : $0.086 -0.044 (-33.85%)+
Release
15 Sep 2026 9:00AM
Price at Release
$0.130
Full Release
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Summary
Breakthrough Minerals Limited (ASX: BTM) announced further assay results from resource expansion drilling at the Turpentine Deposit within its North Queensland Copper-Gold Project in Queensland, reporting that three additional holes extended interpreted copper-gold mineralisation northward and at depth beyond the current resource envelope. Key new results were 26TUR004 returning 9m at 1.59% CuEq from 262m including 5m at 2.62% CuEq, 26TUR008 returning 24m at 0.46% CuEq from 271m including 3m at 0.99% CuEq, and 26TUR009 returning 14m at 1.57% CuEq from 251m including 5m at 3.75% CuEq, with 26TUR009 the northernmost hole drilled by BTM at Turpentine to date and the highest-grade intersection in this phase. The company said all nine BTM holes drilled at Turpentine in 2026 have intersected copper mineralisation, supporting continuity of the system and its strategy to grow the existing Inferred Mineral Resource of 8.7Mt at 1.16% CuEq for 101,000 tonnes contained CuEq at Turpentine, within the broader North Queensland Copper-Gold Project resource inventory of 18.8Mt at 1.07% CuEq for 200,000 tonnes contained CuEq. Drilling is scheduled to recommence the following week using a dedicated RC rig to test further northern down-plunge extensions, with more assays expected from early October 2026 and a further approximately 2,500m RC program planned across Hazel Creek targets including Turpentine South, Eight Mile Creek North and Eight Mile Creek East.
Key Points
  • Breakthrough Minerals reported further assay results from Turpentine resource expansion drilling at the North Queensland Copper-Gold Project.
  • New significant intersections included 26TUR004 with 9m at 1.59% CuEq from 262m including 5m at 2.62% CuEq.
  • New significant intersections included 26TUR008 with 24m at 0.46% CuEq from 271m including 3m at 0.99% CuEq.
  • New significant intersections included 26TUR009 with 14m at 1.57% CuEq from 251m including 5m at 3.75% CuEq.
  • Hole 26TUR009 was the northernmost hole drilled by BTM at Turpentine and returned the highest-grade result of this drilling phase.
  • All nine BTM holes drilled at Turpentine in 2026 intersected copper mineralisation.
  • Turpentine hosts an Inferred Mineral Resource of 8.7Mt at 1.16% CuEq for 101,000 tonnes contained CuEq.
  • The broader North Queensland Copper-Gold Project has a total Mineral Resource of 18.8Mt at 1.07% CuEq for 200,000 tonnes contained CuEq.
  • BTM interprets the latest drilling as supporting northern down-plunge and depth extensions to mineralisation beyond the current resource model.
  • Drilling is set to recommence with a dedicated RC rig, with further assays expected from early October 2026.
  • A further approximately 2,500m RC drilling program is planned across Hazel Creek targets including Turpentine South, Eight Mile Creek North and Eight Mile Creek East.
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.