Warriedar Resources Limited Unveils Breakthrough 1,148 g/t Au Interval at Ricciardo—Fueling MRE Expansion and Equity-Backed Growth
Wednesday, June 18, 2025
at
8:20 am
Warriedar Resources Limited’s drilling at its Ricciardo deposit unveiled exceptional visible gold, hinting at substantial free-milling potential. With rapid drilling and strong cash backing, the company’s fast-track program could boost resource estimates, making this a promising setup for beginner traders.
Warriedar Resources Limited has revealed exciting new drilling results from its flagship Ricciardo gold-antimony deposit, part of the broader Golden Range Project in Western Australia. In a recent diamond drill hole at the Ardmore end of Ricciardo, the company intercepted a 3.2‐meter core section containing a 2‐meter interval that assayed 116.3 g/t gold, including an exceptionally high-grade 0.2-meter interval recording 1,148 g/t gold with visible gold present. This occurrence marks a first for the deposit and signals the potential for significant free-milling gold mineralisation outside the known high-grade zones.
The technical details highlight the specificity of the drilling program. The accelerated assay process was initiated due to the rare visible gold occurrence, which could indicate a new style of high-grade mineralisation. This interval sits near previously identified zones of gold and antimony, yet its grade substantially exceeds current resource model projections, suggesting that the ongoing drilling could materially enhance the overall Mineral Resource Estimate. While further assays from this and other nearby holes remain pending, the results so far are drawing significant attention.
In addition to these promising assay results, Warriedar Resources Limited has launched a fast-tracked drilling program at Ricciardo. Stage 1 of the initiative comprises approximately 105 holes totaling around 29,000 meters of drilling—using both diamond and reverse circulation rigs employed concurrently—to further expand the resource and investigate multiple mineralisation styles. The company’s robust cash position, bolstered by a recent equity placement that raised its balance to about A$21.8 million, underpins this aggressive exploration campaign.
Analysts might view these developments with both optimism and caution. On one hand, the discovery of visible gold and the identification of an entirely new mineralisation style offer strong bullish signals, suggesting the potential for significant resource upgrades and economic benefits down the line. The upgrade in previous Mineral Resource Estimates, now incorporating Australia’s largest open-pit antimony resource, further supports a positive outlook. On the other hand, some uncertainty remains as assay results for additional drilling intervals are still pending and the full extent of the new high-grade zone has yet to be confirmed. These factors may temper immediate investor enthusiasm until further confirmation is obtained.
Overall, the recent drilling results and the ambitious fast-tracked program at Ricciardo provide an intriguing development for Warriedar Resources Limited. The technical indicators and high-grade assay intercepts could signal a transformative phase for the project, offering both compelling upside potential and a noteworthy watch-point for investors interested in the evolving dynamics of early-stage resource exploration.