Update on drilling progress and results

Warriedar Resources Limited (ASX: $WA8) has reported the first diamond drilling results at the Ricciardo deposit within its Golden Range Project, located in the Murchison region of Western Australia. The company has completed approximately 5,030m RC (29 holes) and 1,420m diamond drilling (16 holes) to date, with the first diamond drilling undertaken at the 2.3km long Ricciardo deposit by any operator in ten years. The results from the initial four diamond holes have shown significant gold intervals, delivering high-grade extensional success to the existing Mineral Resource Estimate (MRE) model below the Silverstone North pit and infill confidence to MRE below the northern end of the Ardmore pit. These outcomes build on the growth in high-grade deposit margins delivered at Ricciardo from the significant RC program executed earlier this year.

Executive Commentary

The first diamond drilling results at Ricciardo have demonstrated significant high-grade gold extensions, reaffirming the outstanding MRE growth potential at the site. These results represent early success from the diamond drilling program, with the RC program now complete. The company is pleased with the progress of the next phase of drilling activities at Ricciardo and M1, and remains focused on the 'Golden Corridor' as its key exploration area in 2024.

Summary of First Diamond Drilling Results

Warriedar Resources (ASX: $WA8) has achieved significant high-grade gold extensions at the Ricciardo deposit, with the first diamond drilling program in ten years yielding positive results. The company's focus on the 'Golden Corridor' in 2024 has shown promising outcomes, with the drilling activities progressing strongly and delivering further high-grade extensional success to the existing Mineral Resource Estimate model. The results from the initial four diamond holes have provided confidence in the growth potential at Ricciardo, reinforcing the company's commitment to rapidly building its resource inventory through modern, innovative exploration.