RE: RNS30 Oct 2025 07:14
Highlights
· Completion of Stage 1 Earn-In requirements with 2 drill holes for an accumulative 4,153m of drilling, significantly surpassing the minimum drilling requirement of 2,000m.
· New Joint venture company to be incorporated.
· KoBold confirms its intention to proceed to Stage 2, which includes cumulative exploration expenditure of up to US$6 million.
· KoBold is currently undertaking extensive analysis of the two holes completed to date. This work includes full geochemical analysis, downhole geophysics, and stratigraphic interpretation, all of which will improve the targeting for the next phase of exploration.
· Location and depth of the next drill hole to be confirmed once all the data from previous drilling is reviewed and incorporated into the updated exploration model.