Koonenberry Gold Limited has unveiled promising new exploration results from its Prince of Wales Project in New South Wales, outlining two distinct targets with significant gold and copper potential. The company’s surface geochemical program has delineated a more than 2.5‐kilometer long gold-in-soil anomaly at the Back Station Creek Prospect, with gold values exceeding 6 parts per billion and peaking at 112ppb. Coupled with encouraging rock chip assays – including 2.41g/t gold with 0.06% copper and 0.57% copper with 0.08g/t gold – these results support the possibility of large-scale epithermal and porphyry copper-gold mineralization that has not yet been drill tested. At the Sybil Prospect, an approximately 800-meter by 300-meter gold-in-soil anomaly has emerged, with peak assays reaching 349ppb. This area is of particular interest since it lies adjacent to two historical mines that produced around 26,600 ounces of gold at an average grade of 8.7g/t, even though modern exploration techniques have not yet been applied. The findings, which include detailed indications of high-grade gold through the identification of tellurium and bismuth pathfinder elements, strengthen the project’s potential by aligning with various gold deposit models such as orogenic and intrusion-related systems. Management emphasized that these results reaffirm the exploration potential of the Prince of Wales Project, an asset in which Koonenberry Gold Limited holds a 100% interest. With a robust cash position of over $10 million—including proceeds from recent capital raisings—the company is well-positioned to advance the project. Plans for further extensional soil sampling, induced polarization geophysical surveys, and detailed field reconnaissance aim to refine these targets before the eventual commencement of a drill program later in 2025. From a sentiment perspective, the news can be interpreted with a bullish tone for those interested in early-stage exploration. The delineation of extensive anomalies, the use of modern exploration methods, and the solid financial foundation underscore significant upside potential. However, cautious investors might note the inherent risks of exploration where the targets remain undrilled and early-stage, indicating that while the project has prospective merit, the path to a resource upgrade remains subject to further testing and verification.