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Xpedra Resources Limited (ASX:XPD)

ALERT: Price-sensitive ASX Announcement for XPD
Current share price for XPD : $0.019 -0.002 (-7.50%)+
Announcement
Release
9 Jul 2026 8:34AM
Price at Release
$0.020
Full Release
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Summary
Xpedra Resources Limited has announced significant assay results from its maiden drilling program at the Springfield Gold Deposit in New South Wales. The results have confirmed the presence of substantial high-grade gold mineralisation with standout intercepts, such as 94 meters at 2.00 grams per tonne of gold, including 13 meters at 10.21 grams per tonne. Mineralisation is open at depth and along strike, indicating further potential for expansion. The company's initial 27-hole drilling program has advanced the understanding of Springfield's mineralisation, with follow-up drilling already underway to explore depth extensions. The Springfield Gold Deposit was acquired by Xpedra in November 2025 and has shown considerable promise for development.
Key Points
  • Xpedra Resources Limited reported significant assay results for the Springfield Gold Deposit.
  • The drilling confirmed broad zones of high-grade gold mineralisation at shallow depths.
  • SFRC025 recorded the strongest intercept with 94m at 2.00g/t Au from 80 metres, including 13m at 10.21g/t Au.
  • The mineralisation at Springfield is open at depth and along strike.
  • Xpedra's maiden drilling program comprised 27 holes to systematically test known zones and new targets.
  • Follow-up drilling is underway to explore depth extensions.
  • Xpedra acquired Springfield Gold Deposit in November 2025, confirming its scale potential.
  • Historical drilling at Springfield showed significant gold zones but had ceased since 1999.
  • Localisation of results uses Australian financial year standards.
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.