Exploration Update at Dalgaranga Gold Project

Spartan Resources Limited (ASX: $SPR) has released new assay results from recent surface drilling at its 100%-owned Dalgaranga Gold Project in the Murchison region of Western Australia. The latest drill intercept at the Pepper Gold Prospect confirms the significant expansion of the high-grade discovery, with a maiden Mineral Resource Estimate scheduled for completion as part of the mid-year resource update.

Executive Commentary on Exploration Activities

Spartan Managing Director and Chief Executive Officer, Simon Lawson, expressed enthusiasm about the rapid emergence of the Pepper Gold Prospect as a substantial high-grade ore system adjacent to the flagship Never Never Gold Deposit. The latest drill intercept of 25.24m @ 16.66g/t gold in DGRC1431-DT-W1 marks a significant milestone, positioning Pepper as a valuable asset. The company's strategy to actively grow high-grade gold resources through continuous discovery is generating excitement and momentum, enhancing value for shareholders. The upcoming underground exploration drill drive is expected to play a pivotal role in driving resource growth, generating reserves, and exploring for more high-grade discoveries, further elevating the Spartan story.

Summary of Exploration Update

Spartan Resources' latest exploration update at the Dalgaranga Gold Project highlights the significant expansion of the high-grade Pepper Gold Prospect, with a notable drill intercept of 25.24m @ 16.66g/t gold. The company's proactive approach to growing high-grade gold resources through continuous discovery is positioning it for sustained value creation. The upcoming underground exploration drill drive is expected to be a key phase in the company's strategy, providing access to high-grade zones and potentially serving as a critical piece of capital development for future mining scenarios. With a focus on tangible outcomes for shareholders, Spartan Resources remains committed to unlocking the full potential of its assets and delivering on its corporate strategy.