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WA Gold Limited (ASX:WAU)

ALERT: Price-sensitive ASX Announcement for WAU
Current share price for WAU : $0.016 -0.002 (-11.11%)+
Announcement
Release
1 Jul 2026 9:20AM
Price at Release
$0.018
Full Release
download
Summary
WA Gold Limited announced the commencement of reconnaissance drilling at its Bullabulling Project, located west of Coolgardie, WA. The program aims to test high-priority targets identified from a recent geophysical review, focusing on the northern continuation of the Bullabulling Shear Zone, a major gold-bearing structure. The initial phase involves 46 aircore holes across strategic traverses to explore potential zones beneath transported cover. Notably, VM Drilling will undertake part of the drilling program for equity, demonstrating confidence in the project's prospects while reducing cash costs. Additionally, a Sub Audio Magnetics survey is planned for later in the year to fine-tune targets for follow-up drilling. This exploration initiative aligns with ongoing projects at Abercromby, promising continuous newsflow for WA Gold.
Key Points
  • Reconnaissance drilling commenced at Bullabulling Project.
  • Targeting the northern continuation of Bullabulling Shear Zone.
  • 46 aircore holes planned for 3,680m across strategic drill traverses.
  • Follow-up of historical anomalous gold intercepts.
  • VM Drilling to participate for equity, reducing cash expenditure.
  • Sub Audio Magnetics survey scheduled for Q3 2026.
  • Drilling complements other projects at Abercromby.
  • Bullabulling Project has potential for continuity of mineralisation.
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.