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Bubalus Resources Limited (ASX:BUS)

ALERT: Price-sensitive ASX Announcement for BUS
Current share price for BUS : $0.093 -0.057 (-38%)+
Announcement
Release
8 Dec 2025 9:50AM
Price at Release
$0.150
Full Release
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Summary
Bubalus Resources Limited (ASX: BUS) has announced the commencement of a maiden 1,200 metre Reverse Circulation (RC) drilling program at the Avon Plains Gold Project in Central Victoria. The program is aimed at delineating the orientation, extent, and grade of gold-bearing reefs at the historic Avon Plains Gold Mine, which has reported high-grade gold production from the late 1800s and early 1900s, despite not being listed in Victorian geological databases. Situated within the Stawell Zone, the project benefits from prospective assessments in the Victorian government’s Gold Undercover study. The drilling, expected to last two weeks with assay results anticipated in early February 2026, targets shallow Murray Basin sediments as identified key areas. The announcement was authorized by the Board of Directors of Bubalus Resources and includes a Competent Person’s Statement by Mr. Brendan Borg.
Key Points
  • Bubalus Resources Limited has started a 1,200 metre RC drilling at the Avon Plains Gold Project.
  • The program aims to delineate gold-bearing reef orientation, extent, and grade.
  • Historic high-grade gold production reported but not listed in Victorian geological databases.
  • Avon Plains is in the Stawell Zone, a location with 33 potential undiscovered mineralisation fields.
  • Drilling targets shallow Murray Basin sediments as identified in Victorian 'Gold Undercover' study.
  • Drilling expected to take two weeks, with assay results anticipated by February 2026.
  • The announcement authorized by the Board of Directors of Bubalus Resources Limited.
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.