Warriedar Resources Limited has released encouraging new drill results from its flagship Ricciardo gold–antimony deposit in Western Australia’s Murchison region. In its latest drilling campaign at the Ardmore Pit, the company reported that diamond drill hole RDRC069 intersected multiple high-grade zones, including a 24‐meter interval averaging 0.99% antimony and 1.55 g/t gold (3.65 g/t gold equivalent). Other notable intercepts include a 10‐meter section returning 0.91% antimony and 1.58 g/t gold, a further 10‐meter interval with 1.55% antimony and 0.25 g/t gold, a 7‐meter section with 1.34% antimony and 1.75 g/t gold, and a 12‐meter interval with 0.33% antimony and 1.50 g/t gold. These results not only reinforce the deposit’s layered continuity but also underline the extended down-plunge reach of the high-grade mineralized shoots. A detailed mineralogy study using advanced Laser-Induced Breakdown Spectroscopy (LIBS) has confirmed that conventional stibnite is the dominant antimony mineral, representing over 99% of the antimony phases detected in the sample. This technical confirmation adds weight to the geological model underpinning the Ricciardo deposit and supports previous Mineral Resource Estimate upgrades that have significantly expanded both the gold and antimony resource bases. The deposit, located around 8 km from the Golden Range processing plant, has seen further improvements in its resource levels following robust drilling programs during calendar years 2024 and 2025. With multiple rigs now engaged in extensional drilling across Ricciardo, Warriedar Resources Limited expects additional assay results in the coming weeks. The company’s systematic approach is aimed at not only validating the continuity of mineralization but also at identifying step-out targets that could further enhance the overall resource potential. Market sentiment based on these developments appears mixed. On the bullish side, the consistent high-grade intercepts and confirmation of a significant stibnite-dominated mineralization suggest that the Ricciardo asset holds substantial untapped value. The positive drill results and resource upgrades further support the outlook for downstream value creation, giving investors cause to be optimistic about future growth prospects. However, some caution remains from a bearish perspective, as the project remains in an exploration refinement stage and still requires additional metallurgical studies and further drilling to fully delineate the broader deposit geometry. Overall, these promising new results signal potential upside for the company as it continues to develop the Ricciardo deposit.