Cosmo Metals Ltd has revealed promising new insights from its recent high-density LiDAR survey over the Nundle Goldfield, a historic gold-mining region in New South Wales. The preliminary data—covering 90km² out of a 259km² area—has highlighted significant extensions to previously mapped gold lodes within the company’s 48km² tenure. In particular, the survey has delineated a substantial mineralised trend along the Folly Line, now defined by a cumulative strike length starting at 2.5km and possibly extending up to 3.9km toward the historic Zwers Scheelite–Antimony mine. A clear ~1km structural jog associated with intense alteration and multi-gram gold results has emerged as a focus area for future drilling, adding further intrigue to the prospect. In the adjacent Hanging Rock field, LiDAR interpretations revealed a 6.7km strike length of hard rock lodes marked by over 550 historic shafts and pits. Evidence from both alluvial and deep lead mining—when combined with the extensive LiDAR imagery—points to areas that have not been fully tested with modern exploration techniques. The detailed mapping of hard rock workings, deep lead targets, and current river and creek systems shows that the historic production figures may have significantly understated the gold potential of the area. Cosmo Metals plans to follow up with ground truthing, systematic rock chip sampling, and geological mapping to confirm these targets and prepare for a maiden drilling program at Spring Creek on its Bingara Project. Investors might interpret the technical breakthroughs positively. The LiDAR survey, with its 10cm resolution imagery and detailed terrain modelling using RTK GNSS, not only validates the historical data but also points to previously underexplored zones with the potential for high-grade, orogenic gold mineralisation. This could bolster future resource estimates and increase production prospects for Cosmo Metals Ltd. On the bullish side, the expanded mapping of both the Folly Line and Hanging Rock targets, combined with the historic record of recovering over 300,000oz of gold and significant antimony production, suggests a robust potential for previously untapped mineralisation. The ease of integrating modern LiDAR with historical data may accelerate drill targeting and resource delineation, which is promising for future exploration and shareholder value. Conversely, the bearish perspective highlights the challenges inherent in reconciling historical exploration data—collected under less rigorous industry standards—with modern requirements. The company acknowledges that previous drilling, sampling, and assay techniques may not meet today’s protocols, meaning that further validation is necessary before any resource estimate can be confirmed. Moreover, the lack of modern systematic drilling in these areas introduces a degree of uncertainty that investors will need to weigh against the optimism of the new data. Overall, the announcement reflects a significant step forward for Cosmo Metals Ltd’s exploration strategy, integrating advanced geospatial technology with the historic legacy of the Nundle Goldfield, and setting the stage for an ambitious, next-phase drilling program aimed at unlocking the gold potential in this long-overlooked region.