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Hamelin Gold Limited (ASX:HMG)

ALERT: Price-sensitive ASX Announcement for HMG
Current share price for HMG : $0.190 0.04 (26.67%)+
Announcement
Release
30 Jul 2026 8:24AM
Price at Release
$0.150
Full Release
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Summary
Hamelin Gold Limited reported on its quarterly activities for the period ending 30 June 2026. The company made significant progress in its exploration projects across Western Australia, with promising results from its drilling program in the Paterson Province. The Phase 1 RC drilling at the Day Dawn Project confirmed high-grade gold mineralisation, and Phase 2 drilling is scheduled to commence in August. In the Yilgarn Province, the Venus Project is set to begin an aircore drill program later in the year. The company continues to explore new opportunities in key gold provinces and ended the quarter with cash reserves of approximately $2.5 million. During this period, Hamelin Gold incurred around $0.5 million in exploration costs.
Key Points
  • Hamelin Gold completed its Phase 1 RC drilling program at the Day Dawn Project in the Paterson Province, showing promising results with significant gold intercepts.
  • The company plans to start Phase 2 RC drilling in August 2026 to further explore the Aurora Lode and test for parallel lode positions.
  • In the Yilgarn Province, the Venus Project has been cleared for drilling, with a 130-hole aircore drill program scheduled for late 2026.
  • Hamelin Gold is evaluating new exploration opportunities in the Tanami, Paterson, and Yilgarn gold provinces, with several exploration licence applications lodged in 2026.
  • The company finished the quarter with cash reserves of approximately $2.5 million.
  • Payments for exploration and evaluation during the quarter amounted to approximately $0.5 million.
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.