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Taiton Resources Limited (ASX:T88)

ALERT: Price-sensitive ASX Announcement for T88
Current share price for T88 : $0.049 -0.036 (-42.35%)+
Announcement
Release
5 Nov 2025 9:21AM
Price at Release
$0.085
Full Release
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Summary
Taiton Resources Limited (ASX: T88) has received approval from the Department for Energy and Mining, South Australia, to commence a maiden drilling program at their Challenger West project. The program, set to start at the end of November 2025, involves drilling 40 RC holes over 3,500 metres to test for gold and pathfinder elements in a geological setting similar to the Challenger Gold Mine. The Challenger West project covers areas known for gold mineralisation within the Christie Gneiss, and the operation marks a critical milestone for Taiton Resources' exploration activities in South Australia.
Key Points
  • Department for Energy and Mining (DEM) approval received for drilling program at Challenger West project.
  • Drilling contractor appointed, with operations scheduled to begin at the end of November 2025.
  • Program comprises 40 RC holes covering 3,500 metres focusing on gold and pathfinder anomalies.
  • Challenger West is located 40 km west of the Challenger Gold Mine, in a similar geological setting.
  • The target area is a compelling drill site due to its structural similarities to Challenger and geochemical anomalies.
  • Challenger West encompasses the Christie Gneiss with various lithologies suitable for gold mineralisation.
  • Taiton Resources Limited is a mineral exploration company operating in South Australia and New South Wales.
  • The approval marks a significant milestone for Taiton Resources in exploring the Challenger West area.
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.