Zenith Minerals Limited has announced a significant update to the Mineral Resource at its 100%-owned Dulcie Far North Project in Western Australia. The new inferred resource estimate now stands at 8.2 million tonnes at 1.15 g/t gold, hosting approximately 302,000 ounces of contained gold—a 41% increase in metal over the previous estimate. This milestone was achieved following the completion of 37 reverse circulation drill holes between February and April 2025, which extended known lodes and identified new footwall and hanging wall zones. The updated estimate, based on a 0.5 g/t gold cut-off, reflects a complex deposit configuration comprising ten stacked, shallow to moderately dipping gold-bearing lodes with potential for further expansion in open areas. The announcement details comprehensive drilling and sampling methodologies that underpin this resource upgrade. Zenith Minerals employed techniques such as systematic one-metre sampling with quality control measures including field duplicates and the use of reputable laboratories for 50 g fire assay analyses. The geological interpretation confirms a robust mineralised system characterized by weathered lateritic profiles over Archaean bedrock, intersected by a range of intrusive units and pervasive hydrothermal alteration. The technical report also notes potential for increasing resource confidence as the project advances toward conversion of inferred ounces to an indicated classification. Moreover, the acquisition of an additional three-kilometre strip of land extending the Dulcie Gold Project highlights the company’s strategy to secure a contiguous and highly prospective land package. Looking ahead, Zenith Minerals plans further follow-up drilling in the third quarter of 2025 to test extensions along strike and at depth, alongside prioritised drill tests over the newly acquired southern ground. These programs are aimed at substantiating the resource’s continuity, supporting economic extraction scenarios such as open pit mining, and potentially identifying material that might suit toll treatment at existing regional mills if higher cut-off grades are required. Bullish sentiment arises from the substantial 41% increase in contained gold, which points to both the immediate scale-up of the resource and the strategic consolidation of the regional gold corridor. The technical success in drilling, coupled with the identification of multiple new lode systems and the expanded land package, bolsters confidence in future production potential and resource conversion. Additionally, favorable gold price movements add further support to lower grade cut-off scenarios, enhancing economics for open pit operations. Conversely, bearish considerations include the inherent risks in early-stage resource estimates such as the wide drill spacing in certain areas, variability in sampling duplicate data, and the absence of comprehensive metallurgical test work to confirm high recovery rates. Uncertainties around mining lease extensions for a portion of the resource and ongoing challenges in bulk density determinations also underscore the need for further work before the asset can be fully appraised from an economic extraction standpoint.