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Dundas Minerals Limited (ASX:DUN)

ALERT: Price-sensitive ASX Announcement for DUN
Current share price for DUN : $0.047 -0.004 (-7.84%)+
Announcement
Release
29 Apr 2026 9:31AM
Price at Release
$0.051
Full Release
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Summary
Dundas Minerals Limited announced the start of a reverse circulation (RC) drilling program at the Rockland Gold Project, which confirmed a significant gold mineralisation trend. The company exercised an option to acquire full interest in Mining Lease M24/974. As of March 2026, Dundas had a cash balance of $1.3 million and continues to focus on advancing its gold exploration assets in Western Australia. The Capricorn Gold Project has a JORC 2012 Inferred Mineral Resource, and the Baden-Powell Gold Resource is estimated at 23,000 oz Au, with further exploration potential.
Key Points
  • Dundas Minerals Limited commenced an RC drilling program at Rockland Gold Project in March 2026.
  • The company exercised an option to acquire 100% interest in Mining Lease M24/974 from Rockland Pty Ltd.
  • Standout drilling intercepts include significant gold mineralisation at Rockland, confirmed in March 2026.
  • The company's cash balance at the end of March 2026 was $1.3 million.
  • Dundas Minerals focuses on advancing precious metal exploration assets in Western Australia.
  • The Capricorn Gold Project has a JORC 2012 Inferred Mineral Resource of 659,300t @ 1.2 g/t Au.
  • The Baden-Powell Gold Resource has an estimated 23,000 oz Au with potential for further exploration.
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.