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Paterson Resources Ltd (ASX:PSL)

ALERT: Price-sensitive ASX Announcement for PSL
Current share price for PSL : $0.037 -0.004 (-9.76%)+
Announcement
Release
3 Jun 2026 9:03AM
Price at Release
$0.041
Full Release
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Summary
Paterson Resources Ltd has announced a significant Mineral Resource Estimate (MRE) update for its Grace Gold Project, with the gold resource now reaching 200,000 ounces. The Grace Gold Project is situated in the Paterson Province, a region known for hydrothermal and structurally controlled mineralisation. The gold mineralisation is primarily associated with shear zones, faults, and breccias, occurring in pyritic dolomitic siltstone and dolomite within the host rocks. The exploration and subsequent findings were informed by historical data and previous work by other companies such as Newcrest Mining. The update does not introduce new exploration results but consolidates existing data, applying a rigorous approach to mineral resource estimation with a focus on high-grade areas.
Key Points
  • Significant MRE update to 200,000oz Au at Grace Gold Project.
  • Located in Paterson Province, Western Australia.
  • Gold mineralisation associated with shear zones and breccias.
  • Historical data from Newcrest Mining used in analysis.
  • Focus on high-grade areas without new exploration results.
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.