Overview of WIN Metals' acquisition and exploration plans

WIN Metals Ltd (ASX:WIN) has announced its conditional agreement to acquire the Butchers Creek Gold Project from Meteoric Resources Ltd (ASX:MEI). The company will commence drilling on the project in mid-September 2024 to confirm and expand mineralisation identified by previous operators. The Butchers Creek Gold Project is located 30km south-east of Halls Creek in the Kimberley region of Western Australia.

Executive commentary on the Butchers Creek Gold Project

The Butchers Creek Gold Project presents an exciting opportunity for WIN Metals to further explore and potentially expand the existing mineral resource estimate. We are committed to conducting thorough drilling to confirm the mineralisation and unlock the project's full potential. This acquisition aligns with our strategic focus on critical metals and reinforces our commitment to sustainable resource development.

Summary of Butchers Creek Gold Project announcement

WIN Metals (ASX:WIN) has announced its conditional agreement to acquire the Butchers Creek Gold Project from Meteoric Resources Ltd. The company will commence drilling in mid-September 2024 to confirm and expand mineralisation identified by previous operators. The Butchers Creek Gold Project, located in Western Australia, has a historic gold production center and hosts a global mineral resource of 5.6Mt at 2.0g/t Au for 357,000oz of gold. The project also presents significant exploration potential, with high-grade gold deposits at Golden Crown and Faugh-a-Ballagh. WIN Metals aims to leverage this acquisition to further its exploration and development efforts in the critical metals sector, in line with its broader corporate strategy.