Mount Hope Mining Limited (ASX:MHM)

Mount Hope Mining Limited (ASX: MHM) announced the commencement of a Gradient Array Induced Polarisation (GAIP) survey across the approximately 8km MS2 Gold Corridor at its 100%-owned Mt Hope Project in the southern Cobar Basin, NSW, with the aim of mapping the MS2 structure beneath shallow cover and identifying cross-cutting faults, bends, jogs, flexures and structural intersections that may host high-grade gold mineralisation similar to Mt Solitary. The corridor links the Mt Solitary and Mt Solar prospects and includes other mineralised positions such as Powerline Hill, where drilling and surface work indicate mineralisation is structurally controlled at intersections between MS2 and cross-cutting faults. The survey, being undertaken by Fender Geophysics, comprises nine 1.2km by 1.2km spreads laid end-to-end over about 9km for roughly 140 line km in total, with 13 lines per spread at 100m spacing, 25m receiver dipole spacing, 2.4km transmitter electrode spacing and a time-domain 2-second cycle. Phase 1 covers three Priority 1 spreads at the northern and southern ends of the trend, including around Mt Solitary and Mt Solar, allowing calibration against existing drilling at Mt Solitary before any decision on Phase 2 over the remaining six spreads. Fieldwork for Phase 1 commenced on 10 October 2026, is expected to take about three weeks, and interpreted results are anticipated in the December quarter of 2026, after which the Company expects to rank new structural drill targets along the MS2 corridor as part of its broader drill-led strategy to grow discoveries and geological confidence at Mt Solitary and across the wider Mt Hope Project.