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West Cobar Metals Limited (ASX:WC1)

ALERT: Price-sensitive ASX Announcement for WC1
Current share price for WC1 : $0.015 -0.003 (-16.67%)+
Announcement
Release
19 Nov 2025 8:27AM
Price at Release
$0.018
Full Release
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Summary
West Cobar Metals Limited announced the results of a recently completed air core drilling program at their Mystique Gold Project, located 240 km east of Kalgoorlie. The drilling program, which included 66 air core holes totaling 4,262 meters, focused on the Themis South and Torquata Gold Prospects. Anomalous gold was intersected in both saprolite and basement, with the highest grade being 1 meter at 2.05 g/t Au. The results suggest gold mineralization is associated with NW-SE structural trends identified through aeromagnetic surveys. The project area holds high potential for significant gold deposits in the basement, and further drilling will be conducted to better define these mineralized zones. This announcement has been approved by the Board of West Cobar Metals Limited.
Key Points
  • 66 aircore holes drilled over 4,262 meters at Themis South and Torquata Gold Prospects.
  • Gold intersected in saprolite and basement with grades up to 2.05 g/t Au.
  • 28 drillholes showed anomalous gold values.
  • Gold mineralization related to NW-SE structures.
  • High potential for a major gold deposit in the basement remains.
  • Future programs will focus on closer drilling to define gold mineralization.
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.