Warriedar Resources Limited Unveils High-Grade Gold Drilling Results at Windinne Well, Bolstering A$176M Market Cap and Expanding Golden Range Potential
Thursday, August 14, 2025
at
9:52 am
Warriedar Resources Limited reported promising drilling results at Windinne Well, part of its Golden Range Project. Multiple high-grade gold intercepts have extended mineralization at depth, reinforcing strong resource potential and offering an exciting prospect for investors exploring junior mining opportunities.
Warriedar Resources Limited has released its latest assay results from drilling at its Windinne Well deposit, a key component of the Golden Range Project in Western Australia’s Murchison region. The results, from six diamond tail and six reverse circulation holes, highlight significant gold mineralisation extending to depth in both the North and Central zones of the deposit.
Notable assays include a 12.2‐meter interval at 3.63 g/t gold from drillhole WWRC173 in the North zone, which featured a 1.1‐meter sub-interval grading 14.73 g/t. In the Central zone, drillhole WWRC174 returned 16.1 meters at 1.97 g/t, with a 5-meter section at 3.93 g/t, and a standout 2.9-meter segment at 15.58 g/t that included a short 0.3-meter interval peaking at 146.80 g/t. Additional intervals from WWRC175, WWRC180, WWRC181 and WWRC184 further confirmed the extension of high-grade mineralisation, demonstrating promising gold grades across multiple intercepts.
This drilling programme aims to extend the known deposit at depth and to locate additional mineralisation along strike by targeting the same host banded iron formation. The Windinne Well deposit, which previously had an estimated resource of around 92,000 ounces of gold at 2.9 g/t, now forms part of the broader “Golden Corridor” that already hosts an estimated 2.22 million ounces of gold equivalent. These results build on the success of earlier drilling at the flagship Ricciardo deposit and support the company’s strategy to expand its resource base across multiple sites in the region.
On the financial side, Warriedar Resources Limited currently trades at A$0.15 per share, with about 1,176 million shares in issue and a market capitalisation of approximately A$176 million. With a cash balance of A$24.4 million as at 30 June 2025 and zero debt, its balance sheet remains solid, which, combined with the encouraging drill results, may attract increased investor interest.
In assessing market sentiment, the drilling outcomes fuel a bullish perspective among some investors. They point to the occurrence of high-grade intercepts and the extension of mineralisation at depth as positive indicators of resource growth and a promising exploration corridor. On the bearish side, the low share price reflects early-stage exploration risk, while further drilling and detailed resource evaluation are needed to confirm continuity and scalability. Overall, these latest results provide meaningful technical milestones, though investors should remain mindful of the inherent uncertainties in early-phase mining projects.