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WA Gold Limited (ASX:WAU)

ALERT: Price-sensitive ASX Announcement for WAU
Current share price for WAU : $0.012 0 (0%)+
Announcement
Release
13 Oct 2026 10:07AM
Price at Release
$0.012
Full Release
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Summary
WA Gold Limited (ASX: WAU) announced results from a high-resolution Sub-Audio Magnetic (SAM) survey completed over its 100%-owned Bullabulling North tenure near Coolgardie, Western Australia, which defined nine magnetometric conductivity (MMC) anomalies with a combined strike length of more than 4km along the interpreted Bullabulling Shear Zone and a prospective shear zone on a regional ultramafic contact. The survey, comprising about 125 line-km across western and eastern target areas, was designed to refine structural understanding beyond existing aeromagnetic data and identified anomalies that coincide with, or lie along strike from, previously reported reconnaissance drilling gold anomalism, including 26BBRC027 (4m at 0.25g/t Au from 40m to end of hole) and 26BBRC008 (2m at 0.16g/t Au from 52m to end of hole). WA Gold said the results materially expand and sharpen its target inventory at Bullabulling North, providing multiple deeper RC drill targets for testing primary gold mineralisation beneath regolith cover, while noting that MMC anomalies are geophysical indicators only and require drilling to confirm source and gold significance. The announcement also emphasised Bullabulling’s strategic location adjacent to the multi-million ounce Bullabulling Gold Mine, WA Gold’s position as the only significant independently owned tenure holder in the district following Minerals 260’s regional consolidation, and the company’s next steps of ranking anomalies, planning follow-up RC drilling after the Abercromby program, incorporating pending re-split assays, and progressing a Heritage Agreement with the Marlinyu Ghoorlie Native Title Group.
Key Points
  • WA Gold completed a high-resolution SAM survey over priority areas at its 100%-owned Bullabulling North tenure.
  • The survey defined nine MMC anomalies with an aggregate strike length of more than 4km.
  • All nine anomalies are located along the interpreted Bullabulling Shear Zone or a prospective shear zone on the regional ultramafic contact.
  • Several anomalies coincide with or extend along strike from previously reported gold anomalism in reconnaissance drilling.
  • A key coincident target is near hole 26BBRC027, which returned 4m at 0.25g/t Au from 40m to end of hole.
  • Another emerging target area is near hole 26BBRC008 and historical hole BBRX1586 along the Bullabulling Shear Zone.
  • WA Gold considers the SAM results a substantial improvement in target scale and definition for Bullabulling North.
  • The company plans to integrate SAM, geochemical, drilling and geological data to rank targets for deeper RC drilling.
  • WA Gold noted that MMC anomalies may reflect conductive features such as sulphide-bearing alteration, graphitic units or regolith and do not alone confirm gold mineralisation.
  • Bullabulling is strategically located adjacent to the Bullabulling Gold Mine and WA Gold remains the only significant independently owned tenure holder in the region.
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.