InvestSMART

Xpedra Resources Limited (ASX:XPD)

ALERT: Price-sensitive ASX Announcement for XPD
Current share price for XPD : $0.023 0.004 (21.05%)+
Announcement
Release
29 Jul 2026 8:25AM
Price at Release
$0.019
Full Release
download
Summary
Xpedra Resources Limited reported significant assay results from its maiden Reverse Circulation drilling program at the Springfield Gold Deposit in New South Wales. The program, consisting of 27 drill holes, confirmed the presence of broad, shallow gold mineralisation with high-grade zones extending over 400 metres of strike. Assay highlights include 94m at 2.00g/t gold and 22m at 2.62g/t gold. The mineralisation system remains open at depth and along strike, with plans for further drilling to explore these extensions. The Springfield project shows promising potential to develop into a sizeable gold deposit.
Key Points
  • Xpedra Resources Limited's maiden drilling program at Springfield confirms broad, shallow gold mineralisation.
  • Assay results for all 27 completed drill holes have been received.
  • Significant intercepts include 94m @ 2.00g/t gold from 80 metres and 22m @ 2.62g/t gold from 120 metres.
  • Mineralisation extends over more than 400 metres and remains open at depth.
  • Upcoming plans include further drilling to extend mineralisation both along strike and at depth.
  • The Springfield project is located in the Lachlan Fold Belt of NSW, Australia.
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.