InvestSMART

CGN Resources Limited (ASX:CGR)

ALERT: Price-sensitive ASX Announcement for CGR
Current share price for CGR : $0.053 0.002 (3.92%)+
Announcement
Release
3 Oct 2025 8:37AM
Price at Release
$0.051
Full Release
download
Summary
CGN Resources Limited has successfully secured two exploration license applications, E37/1587 and E37/472, for its Panhandle Project, located 20km south of Leonora, Western Australia. These licenses expand the company's territory in a gold-rich area situated between major mining operations. Historical drilling has indicated gold intercepts, and further exploration is planned to commence in Q4 2025. The project area includes prospective stratigraphy similar to nearby gold mines, with large sections underexplored due to cover. The expanded Panhandle Project, along with the Christmas Well Project, strengthens CGN Resources' position in the region.
Key Points
  • CGN Resources secures two exploration licenses at Panhandle Project.
  • The project is located 20km south of Leonora, WA.
  • Historical drilling indicates promising gold intercepts.
  • Exploration activities are planned for Q4 2025.
  • The project is strategically located between major gold operations.
  • Large portions of the area remain underexplored.
  • Panhandle and Christmas Well Projects provide discovery pathways.
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.