Spartan Resources provides update on Dalgaranga Gold Project exploration

Spartan Resources Limited (ASX:SPR) has released new assay results from ongoing exploration activities at its 100%-owned Dalgaranga Gold Project in Western Australia. The company confirmed the 'belt-scale' potential with rapid growth in high-grade gold, including the emergence of three new high-grade gold discoveries. The latest assays from in-fill and extensional drilling at the Pepper Gold Deposit have revealed significant results, further outlining the project's potential.

Spartan Interim Executive Chair, Simon Lawson, on Dalgaranga Gold Project exploration update

With exploration gathering momentum, Dalgaranga is moving to the next level as a 'belt-scale' high-grade gold system with multi-million ounce potential. Our primary focus remains on growing the high-grade ounces immediately in front of our processing infrastructure, specifically the Never Never Gold Deposit and the recently discovered Pepper Gold Deposit. The incredibly consistent, thick, and high-grade mineralisation in the new in-fill/growth drill-holes demonstrates the project's potential. The ongoing exploration drill drive is taking us closer to our underground drill platforms each day, and we are excited about the emerging high-grade discoveries at Never Never North, Patient Wolf, and Golden Wings. We believe that this high-grade greenstone belt has a lot more to reveal.

Summary of Dalgaranga Gold Project update and outlook

Spartan Resources has confirmed the 'belt-scale' potential of the Dalgaranga Gold Project with the rapid growth in high-grade gold, including the emergence of three new high-grade gold discoveries. The company's primary focus remains on growing the high-grade ounces immediately in front of the processing infrastructure, specifically the Never Never Gold Deposit and the recently discovered Pepper Gold Deposit. The ongoing exploration activities are aimed at rapidly upgrading the existing Inferred Resource while adding new high-grade ounces at depth. Additionally, the company is preparing for a Feasibility Study and Maiden Ore Reserve release in the first half of CY25. With the success of recent targeting and the increasing understanding of the structural geology hosting high-grade mineralisation, Spartan Resources is optimistic about the project's future prospects and the potential for further high-grade discoveries.