InvestSMART

Waratah Minerals Limited (ASX:WTM)

ALERT: Price-sensitive ASX Announcement for WTM
Current share price for WTM : $0.440 -0.14 (-24.14%)+
Announcement
Release
13 Nov 2025 9:56AM
Price at Release
$0.580
Full Release
download
Summary
Waratah Minerals Limited has announced significant advancements in their drilling operations at the Spur and Consols zones, extending gold mineralisation. New assay results from diamond drill holes SPD009, SPD010, and SPRCD080w indicate significant gold intercepts, with highlights including 71 meters at 1.65 g/t Au from 582m in SPD009 and 16.1 meters at 1.15 g/t Au from 271.8m in SPRCD080w at Consols. At the Spur zone, SPD010 returned 8m at 1.87 g/t Au from 49m, among other notable intercepts. The company has expanded its drilling operations with additional rigs and adopted the PhotonAssay technique for faster and more accurate gold determination. Furthermore, Waratah has been awarded a $250,000 co-contribution grant by the NSW government to support further drilling at Consols and Breccia West, emphasizing the potential and growth prospects of the Spur Gold Corridor.
Key Points
  • Significant gold intercepts from drilling at Spur and Consols zones.
  • Diamond holes SPD009, 10, and SPRCD080w returned noteworthy gold mineralisation.
  • 71m at 1.65g/t Au from 582m found in SPD009.
  • 16.1m at 1.15g/t Au from 271.8m in SPRCD080w.
  • 8m at 1.87g/t Au from 49m in SPD010 at Spur zone.
  • PhotonAssay technique adopted for gold determination.
  • NSW government awarded a $250,000 co-contribution grant for further drilling.
  • Five rigs now operational, accelerating exploration activities.
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.