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Plc Resources Limited (ASX:PLC)

ALERT: Price-sensitive ASX Announcement for PLC
Current share price for PLC : $0.008 -0.002 (-15.79%)+
Announcement
Release
18 May 2026 10:01AM
Price at Release
$0.010
Full Release
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Summary
PLC Resources Limited announced the commencement of a maiden Reverse Circulation (RC) drilling program at the Rochefort Gold Prospect, part of the Abbotts North Project, on 18 May 2026. The program includes drilling up to five holes totaling around 1,000 meters to test the Rochefort gold anomaly. The drilling, conducted by Drillwest, is strategically located about 20 km north of the Crown Prince deposit in the Murchison region of Western Australia. Initial assay results are anticipated in the third quarter of 2026. This marks a significant milestone for PLC, which was formerly Premier1 Lithium Limited, as they explore potentially valuable gold discoveries in the region.
Key Points
  • Maiden RC drilling program commenced on schedule at Rochefort Gold Prospect on 18 May 2026.
  • Drilling program consists of up to 5 RC holes totaling approximately 1,000 metres.
  • The program aims to test the Rochefort gold anomaly.
  • Drilling contractor Drillwest is conducting the program.
  • First assay results are expected during Q3 2026.
  • Rochefort is located 20 km north of the Crown Prince deposit.
  • Executive Director Simon Phillips highlights the significance of the drilling program for PLC.
  • PLC Resources Limited was formerly known as Premier1 Lithium Limited.
  • The project is situated in the Murchison region of Western Australia.
  • Sampling and assay processes involve 1-metre intervals with 4m composite samples.
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.