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Reedy Lagoon Corporation Limited (ASX:RLC)

ALERT: Price-sensitive ASX Announcement for RLC
Current share price for RLC : $0.002 0.001 (100%)+
Announcement
Release
25 Jun 2025 9:52AM
Price at Release
$0.001
Full Release
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Summary
Reedy Lagoon Corporation Limited (RLC) announced the identification of drill targets at its Burracoppin Gold Project in Western Australia. Following geophysical surveys and analysis, RLC has pinpointed anomalies consistent with gold mineralisation and has prioritized several locations for initial drilling. The targets are based on structural interpretations, magnetic and gravity data, and their spatial association with known mineralised trends in the region. The company’s exploration program aims to test these targets to assess their potential for gold deposits, with drilling planned to commence in the near term, subject to approvals and access. RLC highlights the exploration’s alignment with its strategy to advance and unlock value from its Western Australian gold assets.
Key Points
  • RLC identified drill targets at Burracoppin Gold Project, WA.
  • Geophysical surveys and data analysis used to define targets.
  • Anomalies identified are consistent with potential gold mineralisation.
  • Targets prioritised based on structural and geophysical interpretation.
  • Targets are spatially associated with known mineralised trends.
  • Drill testing is planned to evaluate gold deposit potential.
  • Drilling will commence soon, pending approvals and access.
  • Exploration aligns with RLC's value creation strategy in WA gold assets.
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.