Great RNS and more to follow in short order.21 Jan 2026 08:01
Today’s RNS is genuinely transformational for CDL. Securing large, highly prospective acreage with only 8.33% dilution is an outstanding piece of deal-making and immediately sets this company apart from most juniors in the sector.
Even more important is management’s clear intention to begin drilling this quarter. That wording is not casual — it strongly suggests the project is fully drill-ready, with permits, access, contractors, targets and funding either in place or firmly lined up. In modern exploration, drilling is not a blind gamble; it is the final step in confirming what geophysics, geochemistry and advanced data modelling are already indicating. In other words, CDL is not guessing — it is validating.
The upcoming drill programme doesn’t need to be huge to be meaningful. A tightly focused campaign costing in the region of $Au500k could unlock a discovery capable of re-rating the company by multiples. That is extraordinary leverage.
The fact Tom is openly guiding the market toward near-term drilling also points to funding being a non-issue — whether through existing cash, a small shareholder-friendly raise, or a JV. Any route leaves CDL with huge upside exposure at minimal cost.
Add to this the fact that these acquisitions were negotiated when gold was far lower, and now we are entering what could be a structural bull market for gold, possibly pushing towards $5–6k/oz. The timing could not be better.
Near-term catalysts are stacking up: assay results, potential JV interest, and then the drill bit. One success across any of CDL’s tenements would completely change the valuation landscape.
In my view, CDL does not look like a typical junior explorer — it looks like a company positioned for a genuine breakout. I fully expect today’s price to look absurdly cheap in 2026, and a commercial discovery would put valuations comfortably into the hundreds of millions.
This is exactly the type of setup long-term investors wait years to find.