Mining Review 1st March 2026

Minerals 260 announced an investment of $220 million by Franco Nevada.

West Red Lake Gold Mines reported a high-grade gold intercept of 4.9 metres of 219.73 gpt gold.

.

Drill core sample – By permission of West Red Lake Gold Mines.

City Investors Circle Mining Review 1st March 2026

Minerals 260 announced an investment of $220 million by Franco Nevada.

West Red Lake Gold Mines reported a high-grade gold intercept of 4.9 metres of 219.73 gpt gold.

+++++++

News from our other tier 1 and 2 watchlist companies is pasted below, click on the link to be taken to the full story.Archives

  West Red Lake Gold Reported 219.73 g/t Au over 4.8m

  Lahontan Drilled High-Grade Oxide Gold From Surface at West Santa Fe

  Pacgold Reported High-Grade Gold in White Dam Drilling Results

  Lefroy Exploration Produces First Gold From the Lucky Strike Gold Mine

  Minerals 260 Announced a Franco-Nevada$220 million Funding

  Benz Mining Accelerates The Glenburgh Growth Story

  Mining Review 22nd February 2026

+++++++

Market Data

Weekly Price Changes

(US$ unless stated)

Click HERE for live Spot Metal Prices 

+++++++

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned.

.

West Red Lake Gold Mines (TSX.V: WRLG) 

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

The results from Austin 904 Complex and South Austin presented in this update were all drilled from stations on the 13 Level of the Madsen Mine at approximately 650m depth.

.

Drill core sample showing visible gold – Courtesy of West Red Lake Gold Mines Ltd.

.

,

Lahontan Gold Corp. (TSX.V: LG)

Announced the final analytical results fromthe 2025 maiden drilling program at the Company’s satellite West Santa Fe project, located only 13 km from Lahontan’s flagship asset, the Santa Fe Mine project, in Nevada’s prolific Walker Lane.

.

Project vista – Courtesy of Lahontan Gold

.

.

LAHONTAN DRILLS HIGH GRADE OXIDE GOLD FROM THE SURFACE AT WEST
SANTA FE: 37m GRADING 3.11 g/t Au Eq INCLUDING 11m GRADING 5.75 g/t Au Eq

Toronto Ontario, February 24, 2026 – Lahontan Gold Corp. (TSX.V: LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce the final analytical results from our 2025 maiden drilling program at the Company’s satellite West Santa Fe project, located only 13 km from Lahontan’s flagship asset, the Santa Fe Mine project, in Nevada’s prolific Walker Lane.

The assay results are from the final reverse-circulation rotary (“RC”) drill are summarized below:
• WSF25-04R: 36.6 metres (0.0 – 36.6m) grading 3.11 g/t Au Eq including 10.7 metres (1.5 – 12.2m) grading 5.75 g/t Au Eq from the surface, all oxide.

The drill hole emphasizes the high gold and silver grades associated with the South Zone at West Santa Fe.

– Also included in the intercept is a second high grade zone: 12.2m (22.9 – 35.1m) grading 3.67 g/t Au Eq.

– The grade and geometry of these intercepts correlate well with adjacent historic drill holes, further validating the historic drill hole database. Numbers may not total precisely due to rounding.

.
Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented:

“The robust assay results from WSF25-04R confirm the high-grade core of the South Zone as defined by historic drilling and underground mine workings.

 

“We are continuing to model the West Santa Fe system to better understand the geology and geometry of gold and silver mineralization. The geologic team is also fine-tuning a followup RC drilling campaign to commence in Spring.

 

“Previous field work, including geologic mapping, rockchip sampling, and airborne magnetic surveys, confirms that the hydrothermal system at West Santa Fe extends at least 1,000 metres east of the main zone of gold and silver mineralization defined by Lahontan and historic drilling (please Lahontan Gold press release dated June 18, 2024).

 

“This possible extension of the main mineralized zone, plus untested down-dip extensions of gold and silver mineralization, will be the key targets of the Spring drilling campaign.

 

“West Santa Fe continues to be an exciting new exploration target for the Company, one with excellent potential to add important shallow, oxide gold and silver resource ounces to Lahontan’s mineral resource ledger.”

.

+++++++

.

Pacgold (ASX: PGO)

Announced positive high-grade gold results of the drilling programme designed to expand and upgrade the JORC 2012 Mineral Resource Estimate published in 2020 on the Company’s 100% owned White Dam Gold Project, 80km east of Broken Hill in South Australia.

.

White Dam project photos – Courtesy of Pacgold Ltd.

.

.

.

Pacgold Reports High-Grade Gold in Initial White Dam Resource Drilling Results

Resource drilling continuing to May and second rig on site for Heap Leach testwork

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce the initial results of the drilling programme designed to expand and upgrade the JORC 2012 Mineral Resource Estimate (MRE) published in 2020 on the Company’s 100% owned White Dam Gold Project (‘the Project’), 80km east of Broken Hill in South Australia’s Olary Province.

HIGHLIGHTS

 WHITE DAM RESOURCE DRILLING PROGRAMME RAPIDLY ADVANCING – Reverse Circulation (RC) drilling to upgrade the Vertigo Mineral Resource Estimate (MRE) is 85% complete with 123 holes for 8,003m completed.

The drilling rig will then move to the Hannaford Pit, followed by White Dam North and Rolling Prospects.
 INITIAL ASSAY RESULTS CONFIRM HIGH GRADE GOLD AND STRONG CONFORMITY WITH MRE BLOCK MODEL – Infill RC drilling has been undertaken over a strike length of 500m at Vertigo to infill and upgrade the shallow gold mineralisation, with results strongly underpinning an anticipated MRE upgrade, including:
VRC001: 15m @ 1.6g/t Au and 0.48% Cu from 56m
incl. 1m @ 4.4g/t Au and 1.2% Cu from 60m
and 4m@ 2.9g/t Au and 0.79% Cu from 62m

 SECOND RIG ON SITE TO UNDERTAKE DRILLING FOR METALLURGICAL TESTWORK ON HEAP LEACH PAD – A Sonic rig is now onsite and will begin work on drilling out the existing Heap Leach pad for metallurgical testwork and grade estimation on the remaining ore.

..

Pacgold’s Managing Director, Matthew Boyes, commented:

“Our exploration and development teams are rapidly advancing with resource drill-outs. Concurrently, we are looking to firm up potential shallow, low-cost, and easily accessible ore.

 

“By bringing this ore forward in our mine optimisation and schedules, we can help reduce early working capital requirements while we strip back the main pits at Vertigo and Hannaford to access these primary orebodies.

 

“Once each pit has been drilled to our satisfaction, new resource models and pit optimisation studies will be completed.

 

“The Company is targeting early Q3 2026 to finalise this work. Subsequently, we can move forward with our permit submissions to mine the White Dam North resource and expand the footprint of the existing Hannaford and Vertigo pit operations.

 

“2026 has commenced with the team successfully meeting all our goals. With the pad now under irrigation and the re-crush of the final lift set to begin this quarter, we are consistently hitting all our operational milestones.

 

“We look forward to achieving our first production as we continue the rapid transition from explorer to producer.”

,

To read the full news release, please click HERE

+++++++

To view the latest share price and chart, please click HERE

Lefroy Exploration (ASX: LEX)

Reported on the Company’s first gold production from the Lucky Strike Gold Mine near Kalgoorlie in Western Australia.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz).

.

Drilling at Lucky Strike – Credits Lefroy Exploration Ltd.

.

.

Lefroy Reports First Gold Produced from the Lucky Strike Gold Mine

23 February 2026

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) is pleased to report on the Company’s first gold production from the Lucky Strike Gold Mine near Kalgoorlie in Western Australia.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz).

HIGHLIGHTS

• Toll milling campaign for the Lucky Strike Gold Mine well underway.
• First three gold doré bars shipped to the Perth Mint Refinery for completion of
final refining.
• Additional stocks of ore at both the Lucky Strike and mill ROM pads for
processing at the FMR Greenfields plant in Coolgardie
• The first toll milling campaign is scheduled to be completed towards the end of
February.
• Additional toll-milling capacity for the Lucky Strike Gold project is being
negotiated with further announcements imminent.

LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“Production of our first gold doré bars from the Lucky Strike Gold Project is a culmination of 10 years hard work by past and present Lefroy employees and management, from early exploration efforts, formulation of the first mineral resource estimate, through to more recent collaborations with BML ventures to facilitate funding and commencement of first production.”

 

“Together with past and present shareholders and investors of Lefroy, whose funding and support have made this possible, I am pleased that the Company is now on the brink of delivering significant value to current shareholders, not just from Lucky Strike, but through realising value from our 1million ounce gold resource base across the broader Lefroy Project.”

.

To read the full news release, please click HERE

 

+++++++

.

To view the latest share price and chart, please click HERE

To View Lefroy Exploration’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds  shares in Lefroy Exploration

.

Minerals 260 (ASX: MI6)

Announced that it has signed a $220 million strategic funding package with Franco-Nevada Corporation to accelerate and de-risk the development of the 4.5Moz Bullabulling Gold Project, located 65km from Kalgoorlie in Western Australia.

.

Bullabing Gold Project – Courtesy of Minerals 360

.

.

MInerals 260 Announce $220 million Strategic Funding Agreement with Franco-Nevada to Accelerate The Development of the Bullabulling Gold Project

Minerals 260 Limited (ASX:MI6) (“Minerals 260” or “the Company”) is pleased to announce that it has signed a $220 million strategic funding package with Franco-Nevada Corporation (“Franco-Nevada”) to accelerate and de-risk the development of the 4.5Moz Bullabulling Gold Project (“Project”), located 65km from Kalgoorlie in Western Australia.

(Unless otherwise stated, all dollar values are in Australian dollars.)

.

Highlights

• Franco-Nevada’s wholly-owned subsidiary, Franco-Nevada Australia Pty Ltd, will pay $170 million in exchange for increasing its total royalty over the Project to 2.45% (currently a 1.00% royalty exists over certain Project tenements).
• Franco-Nevada will also invest $50 million by subscribing for 111,111,111 fully paid ordinary shares (“Shares”) in Minerals 260 at an issue price of 45 cents per share, a 7% premium to Minerals 260’s last closing price. Franco-Nevada will hold 4.9% of shares on issue following this investment.
• Funding secured on highly attractive terms, validating the quality of Bullabulling as one of Australia’s leading gold development projects.
• Represents the largest ever investment in Australia by Franco-Nevada following extensive due diligence completed on the resource, metallurgy, hydrology, project development and permitting.
• Transformational funding package for Minerals 260 by securing significant funds ahead of the completion of the Pre-Feasibility Study (“PFS”) and de-risks the outlook for future Project financing.
• Funds will be used to accelerate and de-risk the development of Bullabulling. Construction of an initial 400-room village, procurement of long lead items, commencement of site early works, commencement of DFS activities and expansion of the drilling program will all be accelerated.

.
Management Comments

.

Minerals 260 Managing Director, Luke McFadyen, commented:

“This is a fantastic outcome for Minerals 260 and our shareholders.

 

“Securing a $220 million funding package with the world’s leading gold royalty company at this early stage of Bullabulling’s development is a major endorsement of the project and a milestone that will allow us to accelerate the Project towards production, expand our exploration strategy and de-risk our funding pathway.

 

“Franco-Nevada is an existing royalty holder and expanding our relationship with this financing is highly value accretive relative to other available funding options.

 

“Their extensive due diligence across all areas of the Project validates Bullabulling as one of the leading gold projects in Australia.”

.

To read the full news release please click HERE

——-

.

To view the latest Minerals share price and chart, please click HERE

.

.To View Minerals 260’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Minerals 260

.

.

Benz Mining (TSX.V: BZ, ASX: BNZ)

Reported on exploration activities and planned work at the Glenburgh Gold Project, Western Australia.

.

Glenburgh project map – Courtesy of Benz Mining.

.

Benz Mining Corp (TSXV: BZ, ASX: BNZ) (“Benz” or the “Company”) is pleased to report on exploration activities and planned work at the Glenburgh Gold Project, Western Australia.

HIGHLIGHTS:

▪ Funded to accelerate Glenburgh exploration through 2026
▪ A$94 million pro forma cash following the recent A$75 million bought deal
▪ 2025 geological work has transformed Glenburgh into a coherent district-scale system
▪ The granted Mining Lease is now resolved into three major gold camps, each large enough to be a substantial gold project in its own right
▪ 2026 drilling to be executed across all three camps:
▪ Hurricane Camp (Hurricane, Zone 102, Zone 126, NE3): high-grade growth drilling
and targeting the next Zone 126-style discovery
▪ Icon Camp (Icon, Tuxedo, Apollo, Mustang, Shelby): systematic testing of the
>3km Icon trend to approximately 300–500m, supporting bulk-tonnage scale
open-pit potential
▪ Thunderbolt Camp (Torino, Thunderbolt): new exciting growth front for Benz – firstpass drilling planned to approximately ~500m, following limited historical drilling to
<100m
▪ Thunderbolt introduced as a third camp-scale opportunity on the Mining Lease.

.

.
Benz CEO, Mark Lynch-Staunton, commented:

“Glenburgh has reached a genuine inflection point.

 

“Over the past 12 months, Benz has done the hard technical work required in high-grade metamorphic terrain – integrating drilling, mapping and structural interpretation – to move Glenburgh from a set of historical prospects into a coherent geological system that can now be targeted systematically.

 

“The standout outcome is Thunderbolt – a new camp-scale opportunity on the Mining Lease that has been largely overlooked historically due to shallow transported cover and limited drilling.

 

“We believe it sits within the same geological architecture as the outcropping camps, and we are genuinely excited by the scale of the opportunity it represents as a new growth front for the project.

“With A$94 million pro forma cash, Benz is funded to move fast, with >250,000 metres of drilling planned in 2026 across exploration and resource definition.

 

“This program will accelerate drilling across the Mining Lease, expand regional target generation across the broader district trend, and progress scoping-level work in parallel.

 

“Glenburgh has an advanced permitting position and extensive historical feasibility-level studies, giving us a strong foundation to build on as the resource grows.”

.

To read the full news release please click HERE

.=======

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Benz Mining.

.

Orla Mining  (TSX: OLA)

Announced positive results of a Preliminary Economic Assessment for the underground project at its Camino Rojo Mine located in Zacatecas, Mexico.

The PEA evaluates the technical and economic potential of a stand-alone, underground development project beneath the existing Camino Rojo open pit operation.

.

.

 

 

Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant – Credits Orla Mining Ltd.

.

/

.

	Orla Mining	TSX : OLA
Stage	Development
Metals	Gold
Market cap	C$6.67 billion   @ C$22.58
Location	Mexico + Nevada + Canada
Website	www.orlamining.com

/

 

.

Orla Mining Release Positive Camino Rojo Underground PEA 

.

.

–Jason Simpson, Orla’s Chief Executive Officer said’,

West Red Lake Gold  (TSX.V: WRLG)

Announced drill results from its fully funded infill and conversion drilling program at the 100% owned Rowan Project.

Highlights included 141.5  grams per tonne (“g/t”) gold (“Au”) over 1 metre (“m”), 55.8 g/t Au over 1m, and 28.5 g/t Au over 1m.

.

Madsen Mill – Courtesy of West Red Lake Gold Mines

.

.

.

Shane Williams, President & CEO, stated,

“We continue to view Rowan as a key piece in our vision for creating a district-scale hub and spoke operation in Red Lake and the assay results received to date from the current drilling program are further reinforcing our confidence in this high-grade satellite deposit.

 

“While the current drill program at Rowan is focused on infill to prepare for the upcoming planned Pre-Feasibility Study, our Geology team sees excellent potential for continuing to expand this deposit along strike and at depth.

 

“Red Lake gold systems have deep roots and we believe the vein system at Rowan will continue to grow with additional drilling.

 

“West Red Lake is fortuitous to have a portfolio of 100% owned quality assets in a premier jurisdiction that will support our vision of becoming a 100,000 ounce per year gold producer in Red Lake by 2028.”

 

.

The results featured in this new release are focused on the high-grade Rowan vein system and are in addition to the intercepts recently announced on January 29, 2026 which highlighted 141.5  grams per tonne (“g/t”) gold (“Au”) over 1 metre (“m”), 55.8 g/t Au over 1m and 28.5 g/t Au over 1m. 

A total of thirty-eight (38) holes for approximately 6,300m were completed at Rowan in the current drilling program.

Fire assay gold results have been reported for fourteen (14) holes. Results are pending for nineteen (19) holes with five (5) holes currently being logged and prepared for sample shipment.

.

.

ROWAN DRILLING HIGHLIGHTS:

• HoleRLG-25-198 Intersected Vein 006b footwall with 1m @ 84.3 grams per tonne gold (“g/t Au”), from 67.35m to 68.35m. This high-grade intercept was complimented by visible gold spatially associated with quartz veining and strong silicification. see picture below.

.

Drill core from Rowan – Credits West Red Lake Gold Mines

 

.

To read the full news release, please click HERE   +++++++ To view the latest share price and company chart, please click HERE To View West Red Lake’s historical news, please click here . The live Spot gold price can be found HERE . ======= . City Investors Circle is based in the financial district in the City of London We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies. Our audience is selected and invited individually to ensure interest and relevance for the presenting company. Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation. We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter. If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com . ======= , This website is not sponsored, we are truly independent, and will always remain so Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team. All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this. These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional. . Disclosure At the time of writing the author holds shares in West Red Lake Gold Mines. . To read our full terms and conditions, please click HERE

Catalyst Metals (ASX: CYL)

Reported positive drilling results from the Old Highway gold deposit, located 40km south of the Plutonic Belt.

The results are from a drilling program targeting extensions of mineralisation outside of the Resource envelope.

.

Plutonic gold mine – Courtesy of Catalyst Metals

Drilling at Old Highway gold deposit demonstrates growth potential at depth

.

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to report drilling results from the Old Highway gold deposit, located 40km south of the Plutonic Belt.

The results are from a drilling program targeting extensions of mineralisation outside of the Resource envelope.

Highlights

26m at 5.9g/t Au, 300m below the existing Resource encourages
further exploration
• Old Highway is an undeveloped gold project located 40km south-west of the underutilised Plutonic processing plant, along the Great Northern Highway
• It sits on existing mining leases and has a Resource (underground and open pit) of 206koz at 3.0 g/t Au, including a higher-grade underground component of 140koz at 4.6 g/t gold
• A Reserve of 140koz at 3.2 g/t Au underpins a four-year mine life at annual steady state gold production of 35kozpa3
• In late 2025, drill rigs were mobilised to Old Highway with a view to growing the Resource and extending mine life beyond the initial four years
• Much of the historical drilling at Old Highway has been shallow (less than 200m). Drilling at depth by Catalyst has returned a number of high-grade assays which indicate the potential for the deposit to grow
• Results include:
o 26m at 5.9g/t Au o 8m at 10.5g/t Au o 22m at 3.1g/t Au
o 21m at 3.2g/t Au o 30m at 2.2g/t Au o 10m at 5.3g/t Au
o 3m at 16.7g/t Au o 5.5m at 5.2g/t Au o 14m at 3.0g/t Au
• Old Highway will be the fifth deposit to be developed by Catalyst in its plan to grow gold production from ±100koz pa to ±200koz pa
• The development plan will mirror Catalyst’s Trident development – a small, self-funded
open pit followed by a longer life, high-grade underground mine – giving Catalyst
confidence in reducing future development risk
• Catalyst is currently progressing approvals in line with its expected timeline

Catalyst’s Managing Director & CEO, James Champion de Crespigny, commented:

“Plutonic is a very large mineral system.

 

“Catalyst is investing the money to daylight the historically high-grade deposits that have laid neglected through many years of foreign distracted owners.”

.

To read the full report please click HERE

+++++++

To view the latest share price and chart, please click HERE

To View Catalyst Metal’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Catalyst Metals

.

To read our full terms and conditions, please click HERE

Horizon Minerals (ASX: HRZ)

Has requested a trading halt to the ASX, due to a “significant capital raise” announcement to be made by the company.

The company has launched a A$175 million underwritten placement at a discounted price of A$1.08 per share.

Photo courtesy of Horizon Minerals

.

.

Horizon Minerals Halted for “Significant Capital Raise”

.

Horizon Minerals (ASX: HRZ) has requested a trading halt to the ASX, due to a “significant capital raise” announcement to be made by the company.

The company has launched a A$175 million underwritten placement at a discounted price of A$1.08 per share.

Please see the announcement link HERE.

.

+++++++

 To View Horizon Mineral’s latest share price and chart, please click HERE

..To View Horizon Minerals’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Horizon Minerals.

.

Kaiser Reef (ASX: KAU)

Provided an update on its Strategy and Plan for the Henty Gold Mine and the Maldon Gold Project.

Production run-rate target for the Henty Gold Mine is increased to 35kozpa Au from late FY‘27.

.

Henty Gold mine, Tasmania – Credits Kaiser Reef

.

.

Kaiser Reef Outlines Strategic Plan For Henty and Maldon Gold Mines

COMPANY UPDATE

Kaiser Reef Limited (ASX: KAU) (“Kaiser” or “the Company”) is pleased to provide an update on its Strategy and Plan for the Henty Gold Mine (Henty) and the Maldon Gold Project (Maldon).

.
HIGHLIGHTS

HENTY GOLD MINE
Production run-rate target increased to 35kozpa Au from late FY‘27
Continued investment in the Mine and Processing Plant, including maintaining the second diamond drill targeting Resource and Reserve Growth

Near Mine Exploration, to leverage off existing infrastructure, to commence H1 FY’27
Regional exploration to commence H2 FY’27

.
MALDON GOLD PROJECT

Systematic strategy to unlock Maldon’s district-scale potential via concurrent workstreams: generating new targets, drilling priority targets and advancing Union Hill
towards potential production

Processing continuing with low-grade base load, running 2 shifts from April
Data compilation, supporting district scale approach, progressing well
On-ground target generation commencing this quarter with soil sampling at North Maldon

Permitting commenced to allow surface drilling (and low-grade reclamation) at Nuggetty
Other targets being worked up for permitting and drilling, including South Nuggetty and
Porcupine Flat
Works re-establishing Union Hill services (power, water, air) for rehabilitation, and drill position development, in progress

Drill positions UG at Union Hill expected to be available during Q1 FY’27 targeting ore development, at Union Hill, in parallel with rehabilitation work and exploration drilling, commencing H2 FY’27

.
BALANCE SHEET MANAGEMENT

All works to be self-funded, with a portion of Kaiser’s underlying cash flow from operations allocated to Growth and Resilience

Exploration works on a campaign basis at both Henty and Maldon (excluding the second UG diamond drill at Henty)

Union Hill rehabilitation and development on a single crew basis

.
Kaiser’s Managing Director, Brad Valiukas, commented:

“Kaiser has transformed, over the last nine months, into a profitable gold miner with a robust balance sheet and a strong pipeline of exploration and development opportunities.

 

“We are well positioned to both capitalise on a strong gold price and add significant further value to our assets with targeted investment.

.

To read the full news release please click HERE

——-

To View Kaiser Reef’s current share price and chart, please click HERE

To View Kaiser Reef’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Kaiser Reef. 

.

To read our full terms and conditions, please click HERE

Minerals 260 (ASX: MI6)

Reported further results from its drilling program at the 4.5Moz Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia.

Assays have been received for a further 36 drill holes totalling 9,210m, including:
Bacchus Deposit (46Mt @ 1.1g/t Au for 1,600koz Au).

.

Bullabulling mine – Courtesy of MInerals 260

.

.

Minerals 260 Reports 7m @ 12.7 g/t Au, including 1m @ 69.0g/t Au,
intersected at the Bullabulling Gold Project

.

30,000m drilling program to support an updated Mineral Resource Estimate in mid-2026

Minerals 260 Limited (ASX:MI6) is pleased to report further results from its drilling program at the 4.5Moz Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia.

Assays have been received for a further 36 drill holes totalling 9,210m, including:
Bacchus Deposit (46Mt @ 1.1g/t Au for 1,600koz Au)
Infill
• 7m @ 12.7g/t Au from 158m in BBRC0483*
 1m @ 69.0g/t Au from 160m
• 2m @ 10.3g/t Au from 99m in BBRC0412#
 1m @ 19.3g/t Au from 99m
• 1m @ 8.5g/t Au from 158.6m and 1.5m @ 11.3g/t Au from 190m in BBRD0422*1
• 10m @ 1.4g/t Au from 96m in BBRC0488#
Phoenix Deposit (57Mt @ 1.0g/t Au for 1,800koz Au)
Infill
• 8m @ 1.8g/t Au from 176m and 10m @ 2.8g/t Au from 211m in BBRC0438*
 1m @ 12.0g/t Au from 212m
Extensional
• 17m @ 0.8g/t Au from 174m in BBRC0461*
Dicksons Deposit (18Mt @ 1.0g/t Au for 610koz Au)
Infill
• 4m @ 3.7 g/t Au from 26m in BBRC0453*
• 8m @ 2.2 g/t Au from 99m in BBRC0487*
Extensional
• 9m @ 1.6g/t Au from 274m in BBRC0460*



*True widths are estimated at between 85% and 95% of the reported drillhole intercepts
#True widths are estimated at between 70% and 85% of the reported drillhole intercepts

Kraken Deposit (8.8Mt @ 1.2g/t Au for 340koz Au)
Infill
• 8m @ 1.06g/t Au from 127m in BBRD0444*1
• 15m @ 0.89g/t Au from 156m in BBRC0443*

Drilling at Bullabulling continues to:

• Consistently return thick and high-grade mineralisation along the footwall shear zone at Bacchus;
• Intersect multiple mineralised lenses outside the December 2025 Mineral Resource Estimate (MRE), indicating the potential to increase the MRE both at depth and along strike;
• Confirm the continuity of mineralisation at depth along the entire 8.5km strike extent of the MRE;
• Target extensions of high-grade areas located beneath or along strike from the MRE, specifically the high-grade areas at Bacchus and between Bacchus and Kraken.

.

To read the full news release please click HERE

——-

.

To view the latest Minerals share price and chart, please click HERE

.

.To View Minerals 260’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Minerals 260

.

.

Mining Review 15th February 2026

A difficult week for investors ended with the gold price going back over $5,000 per ounce once again.

Western Gold is preparing for initial production, Caprice Resources and Equinox Gold both reported new gold discoveries.

.

+++++++

+++++++

.

Click HERE for live Spot Metal Prices 

+++++++

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned.

.

,

Photo courtesy of Horizon Minerals

.

.

HORIZON MINERALS GOLD MINERAL RESOURCES UPDATE

.
HORIZON GOLD MINERAL RESOURCE ESTIMATE

.
Managing Director and CEO Mr Grant Haywood commented:

“The sustained uplift in the gold price has brought previously marginal lower-grade tonnages into the economic envelope. By redefining cut-off grades, we have delivered a meaningful uplift in total resource ounces.

“This positions the Company with a more robust platform for future development, with the increased inventory to be incorporated directly into the Black Swan study planned for release in this current March 2026 quarter.”

Caprice Resources (ASX: CRS)

Reported further reverse circulation and diamond drilling results from the Island Gold Project.

RC hole 25IGRC091 intersected 9m at 7.3 g/t gold from 148m downhole at the
northern end of the Vadrians system.

. 

.

.

CAPRICE RESOURCES DRILLING CONFIRMS EXTENSIONS TO HIGH-GRADE GOLD AT VADRIANS

.
Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to report further reverse circulation (RC) and diamond drilling results from the Island Gold Project (IGP, Island or the Project).

RC hole 25IGRC091 intersected 9m at 7.3 g/t gold from 148m downhole at the
northern end of the Vadrians system, delivering a significant extension of +80m to the
emerging high-grade gold lode of greater than 50-gram metres with the prospect of continued extensions.

This adds significant strike to the growing higher-grade core situated within the broader
Vadrians system which is now defined over 1,000m of strike to a depth of approximately 400 metres. Vadrians remains open in most directions highlighting the continued scale and growth of this high-grade gold system, demonstrating zones of much higher-grade
mineralisation occurring within the overall Vadrians system.

.
HIGHLIGHTS

• Phase 4 diamond drilling at Vadrians extends high-grade gold mineralisation to more
than 1,000m of strike and to at least 400m vertical depth.
• New adjacent high-grade quartz reef discovery identified in the Vadrians footwall,
opening up an additional higher grade growth target within the broader Vadrians
system.
• Significant results from the current batch of assay results include: – 9m at 7.3 g/t gold from 148m downhole in 25IGRC091 (Vadrians Lode Extension) – 7m at 5.1 g/t gold from 297m downhole in 25IGRC097D (Vadrians Deep) – 3.5m at 6.7 g/t gold from 243m downhole in 25IGRC096D (Vadrians Continuity) – 1.0m at 9.5 g/t gold from 243m downhole in 25IGRC096D (Vadrians Footwall)
• Phase 4 drilling programme is now complete, with assays still pending for five (5)
diamond holes (including RC pre-collars) and 160 air core (AC) holes. Results are
expected to be received in batches through February and March 2026.
• AC holes have been drilled across numerous target domains within the broader 5km IGP
strike horizon with the intention to delineate additional discovery targets which can be
rapidly followed up with further RC drilling.
• Follow up RC drilling targeting further Vadrians growth in both the northern strike
extensions and additional depth extensions scheduled to commence this month.

.
Caprice MD, Luke Cox, commented:

“We can now see a significant increase in high-grade gold mineralisation across Vadrians, with meaningful strike extensions to the north and growing confidence in gold continuity at depth.

 

“Vadrians continues to prove up quite nicely and, importantly, it is just one of several gold mineralised prospects and targets across the broader Island Gold corridor.

 

“With a high volume of samples currently in the laboratory and further assay results expected throughout the quarter as well as further drilling, Caprice is entering a sustained period of results driven activity. I

 

 

“In parallel, field exploration has commenced at Comet, providing an exciting opportunity to deliver additional new gold discoveries alongside our core Island Gold growth strategy.”

.

To read the full news release please click HERE

.

——-

.

The latest Caprice share price and chart can be viewed HERE

.To View Caprice Resources’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Caprice Resources

.

Lefroy Exploration (ASX: LEX)

Reported on the Company’s inaugural toll-milling campaign and mining progress at the Lucky Strike Gold Mine near Kalgoorlie in Western Australia.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces of gold.

.

.

.

Lefroy Commences First Toll Milling at the Lucky Strike Gold Mine

12 February 2026

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) is pleased to report on the Company’s inaugural toll-milling campaign and mining progress at the Lucky Strike Gold Mine near Kalgoorlie in Western Australia.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz).

.
HIGHLIGHTS

• Inaugural toll milling campaign for the Lucky Strike Gold Mine underway.
• 24-hour haulage ongoing, transporting ore to the FMR Investments Pty Ltd
Greenfields Mill throughout the month of February.
• First gold from Lucky Strike anticipated by mid-month coinciding with
historically elevated spot gold prices.
• A second phase of grade control drilling underway at Lucky Strike targeting the
Stage 2 planned South pit.

.
LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“We are pleased to confirm that toll-milling is underway at the FMR Greenfields Mill in Coolgardie, representing a truly significant milestone for Lefroy.

.

“From the initial execution of the mine profit share agreement with partners BML Ventures in February 2025, we are now on the threshold of generating first gold from the Lucky Strike Gold Mine inside a short 12-month period.

 

“With all upfront funding for the project being provided by BML, we have managed to bring Lucky Strike online with minimal risk exposure to Lefroy shareholders within the context of historically elevated spot gold prices.

.

“With grade control drilling also now underway to confirm the Stage 2 south pit, we look forward to expanding the mine footprint at Lucky Strike, to mine more ounces within this strong gold price cycle”

.

To read the full news release, please click HERE

——-

.

To view the latest share price and chart, please click HERE

To View Lefroy Exploration’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds  shares in Lefroy Exploration

.

Initiating Coverage Tiernan Gold (TSX.V: TNGD)

Tiernan Gold is a Canadian mining company , focused on advancingthe Volcan Gold Project in Chile’s Atacama Region, within the prolific Maricunga Gold Belt.

The company was via a reverse takeover and public listing, completed late 2025.

.

.

Project vista – Courtesy of Tiernan Gold

.

Tiernan Gold Corp. (TSX.V: TNGD) is a Canadian mining company , focused on advancing its flagship Volcan Gold Project in Chile’s Atacama Region, within the prolific Maricunga Gold Belt.

The company was via a reverse takeover and public listing, completed late 2025.

Tiernan holds 100% ownership of the Volcan project—a large-scale, undeveloped gold asset with approximately 9.8 million ounces of Measured and Indicated gold resources (plus additional Inferred ounces).

Tiernan Gold emphasizes disciplined de-risking through engineering studies, exploration, and development toward production readiness, benefiting from a mining-friendly jurisdiction with nearby operating mines.

The company is well-funded (for ongoing technical work and updates on the project, having recenty raised C$53 million.

Management is experienced in creating shareholder value with early stage companies, the project is located in a good jurisdiction, in a prolific gold belt, amongst other major mining companies, so ticks all the boxes for me to consider making an initial investment.

.

Tiernan Gold company website can be accessed here

+++++++

To see the latest Tiernan Gold share price and chart, please click HERE.

To View Tiernan Gold’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares No shares in Tiernan Gold.

.

Western Gold Resources (ASX: WGR)

Announced the execution of key pre-mining contracts supporting mobilisation and site establishment at its 100%-owned Gold Duke Project in Western Australia.

The Company has executed Letters of Award with SSH Mining to commence site
establishment works, including clearing, grubbing, open pits, lay down areas and haul road delineation.

.

.

+++++++

Western Gold Prepares For Imminent Production at Gold Duke

Gold Duke Project Pre Mining Works Letter of Award, DWER Approval and Mine Operator Appointed

Western Gold Resources Limited (ASX: WGR) (“WGR” or “the Company”) is pleased to announce the execution of key pre-mining contracts supporting mobilisation and site establishment at its 100%-owned Gold Duke Project in Western Australia.

The Company has executed Letters of Award with SSH Mining to commence site establishment works, including clearing, grubbing, open pits, lay down areas and haul road delineation, and has also awarded a contract to Pennigton Scott Pty Ltd for the drilling of the Bower Bird Water Bore, a critical component of early mining and Life of Mine (LOM) dust-suppression infrastructure.

These activities represent another important step in transitioning Gold Duke from development into operational readiness, following the Board’s Decision to Mine announced in December 2025

.
Highlights:

• Letters of Award executed with SSH Mining Australia Pty Ltd (subsidiary of
SSH Group Ltd (ASX:SSH)) to commence pre-mining works at the Gold
Duke Project, including clearing, grubbing and site establishment.
• Organisation of earthmoving equipment and site establishment activities
underway, supporting the planned transition into mining operations.
• SSH Mining has been appointed with LGIRS as the Mine Operator as part
of a Turn Key Solution for the Gold Duke Project.
• Contract executed with Pennington Scott Pty Ltd and Delta Consultancy &
Drilling Services Pty Ltd for the construction of the Bower Bird Water Bore,
delivering a dedicated water supply to support all mining activities and
dust suppression.
• Early works advance operational readiness and materially de-risk the
planned Q1 2026 mobilisation and production schedule.
• Activities follow the Board’s Decision to Mine and represent continued
execution of WGR’s capital-efficient development strategy at Gold Duke.
• The Company is currently assessing the potential to increase the life of
mine at Gold Duke.

.
Managing Director Cullum Winn commented:

“These early works mark a critical transition from planning into execution at Gold Duke.

 

“Commencing clearing, grubbing and site establishment, in particular open pits, waste dumps and haul roads plus water infrastructure development provides a strong foundation for mining operations and significantly de-risks our mobilisation schedule.

 

“Gold Duke continues to advance in line with our Decision to Mine and capital-efficient development strategy whilst also assessing options to increase the life of mine at Gold Duke.”

,

To read the full news release please click HERE

+++++++

..To see the latest Western Gold share price and chart, please click HERE.

.To View Western Gold Resources’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Western Gold Resources.

.

Mining Review 8th February 2026

A roller coaster week for precious metal prices, finally ending the week strongly, unlike base metals.

Heliostar Metals announced the first gold pour from its San Agustin gold mine.

.

City Investors Circle Mining Review 8th February 2026

Mining Review 8th February 2026

A roller coaster week for precious metal prices, ending the week strongly, with the gold price up by 1%, and silver down 9.75%. Industrial metals were all down, but coking coal rose 6% as supply issues are becoming a concern.

+++++++

Heliostar Metals announced the first gold pour from its San Agustin gold mine.

Caprice Resources and Ora Banda Mining reported high-grade gold drill results at their projects in Western Australia.

+++++++

News from our other tier 1 and 2 watchlist companies is pasted below, click on the link to be taken to the full story.Archives

  Heliostar Celebrates First Gold Pour from San Agustin Mine Restart

  Caprice Resources Report high Gold Grades at Island

  Heliostar Files Prefeasibility Study for Cerro del Gallo Project

  Barton Gold Began The 2026 Tunkillia Drilling Program

  Ora Banda Mining Reported Exceptional Drilling Results at Round Dam

  Market Review January 2026 published

  Mining Review 1st February 2026

,

Click HERE for live Spot Metal Prices 

+++++++

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned.

.