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Liberty Metals Ltd (ASX:LIB)

ALERT: Price-sensitive ASX Announcement for LIB
Current share price for LIB : $0.003 0 (0%)+
Announcement
Release
13 Oct 2026 9:28AM
Price at Release
$0.003
Full Release
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Summary
Liberty Metals Ltd (ASX: LIB) announced that senior members of the team behind G2 Goldfields’ Oko-Ghanie discovery in Guyana, led by former Vice President Exploration Boaz Wade, have joined Liberty’s exploration effort to accelerate gold exploration across its Oko North and Oko South Gold Projects in the Cuyuni Mining District. Liberty said the team brings direct knowledge of the Oko district’s geology, structural controls, exploration methods and local logistics, which should help shorten the path from target generation to drilling on tenure that directly abuts or is interpreted to continue along strike from the approximately 9.3Moz Oko gold system. The company’s Guyana landholding covers about 180km² across 40 granted mining permits within the Barama-Mazaruni greenstone belt of the Guiana Shield, which Liberty compares geologically with the West African Birimian terranes. Oko North borders former G2 Goldfields ground near the New Oko discovery, while Oko South lies about 30km south and is interpreted by Liberty as covering the southern structural continuation of the mineralised trend. Planned work includes immediate mobilisation, reconnaissance mapping and sampling, systematic soil sampling and geophysics, trenching of priority anomalies and preparation for a maiden drilling program, while the company cautions that nearby discoveries and the team’s past success do not guarantee mineralisation or a JORC resource on Liberty’s greenfields tenure.
Key Points
  • Liberty appointed a Guyana-based technical team led by former G2 Goldfields Vice President Exploration Boaz Wade.
  • The team was involved in the Oko-Ghanie discovery, which was advanced to an NI 43-101 resource of about 3.5Moz Au in roughly five years.
  • Liberty said the new team will work across its Oko North and Oko South Gold Projects in Guyana alongside Exploration Manager Finlay Goodwin.
  • Oko North directly abuts former G2 Goldfields ground and Oko South is interpreted to cover the southern structural continuation of the Oko mineralised trend.
  • Liberty’s Guyana projects cover approximately 180km² across 40 granted mining permits in the Cuyuni Mining District.
  • The projects are hosted in greenstone-belt rocks of the Barama-Mazaruni Group within the Guiana Shield, which Liberty says is analogous to West African Birimian gold terrains.
  • Liberty believes the team’s geological, structural and local operational knowledge can accelerate target generation and drilling.
  • The Oko Project has seen limited historical systematic exploration, although small-scale mining on the tenure is seen by Liberty as evidence of a gold system.
  • Next steps include reconnaissance mapping, sampling, soil geochemistry, geophysical surveys, trenching and drill target definition ahead of a maiden drilling program.
  • The announcement includes a caution that nearby discoveries and prior team success are not necessarily indicative of mineralisation on Liberty’s ground.
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.