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White Energy Company Limited (ASX:WEC)

ALERT: Price-sensitive ASX Announcement for WEC
Current share price for WEC : $0.290 0.12 (70.59%)+
Announcement
Release
30 Jul 2026 9:38AM
Price at Release
$0.170
Full Release
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Summary
White Energy Company Limited announced the completion of a reconnaissance diamond drilling program at the Mount Rainbow-Specimen Hill Project in Queensland. Results from selective geochemical analysis revealed promising copper-gold-silver hydrothermal vectors and multiple mineralising fluid pulses. Notably, a structurally controlled Cu–Ag–Au hydrothermal system was identified, with significant samples indicating potential copper and gold mineralisation. Following a review of gravity and magnetic data, 13 sub-blocks were relinquished, reducing the project area.
Key Points
  • Completion of an eight-hole reconnaissance diamond drilling program at Mount Rainbow-Specimen Hill.
  • Identification of multiple copper-gold-silver hydrothermal vectors from selective assay results.
  • Evidence of several mineralising fluid pulses in drillholes C25MR01, C25MR02, C25MR03, and C26MR08.
  • Recognition of a structurally controlled Cu–Ag–Au hydrothermal system linked to calcic-altered volcanic rocks.
  • Surface gossan sample PBSTN029P indicates significant copper and gold mineralisation.
  • Drillhole C25MR02 intersected an Fe-rich hydrothermally altered interval, supporting further exploration.
  • 13 sub-blocks relinquished after reviewing gravity and magnetic data, reducing project tenure.
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.