RE: GWMO Opportunity2 Mar 2026 09:49
Following a successful fundraise completed in January 2026, the Company is fully funded to execute an expanded exploration programme at Defender during 2026. Accordingly, the Company has designed a programme to accelerate progress towards defining a maiden MRE, targeted for Q4 2026, and to test the scale, continuity and geometry of the mineralised system at Defender, including its potential relationship to the broader mineralised trend extending towards M2, located more than 3 km to the southwest.
Detailed geological mapping and geophysical surveys will commence in March 2026 to assess the mineralised trend between Defender and the Company's existing MRE at M2, as shown in Figure 1. This work is intended to refine the geological model and support drill targeting initially at the eastern end of the trend. Groundworks are scheduled to begin in April to prepare the drill pads, ahead of the commencement of drilling. Bids from drilling contractors are currently being sought for the programme, with the objective of starting drilling in June 2026. In parallel, additional assay results from newly completed channel cuts are expected in Q2 2026 and will be incorporated into the exploration model.