Abra22 May 2026 12:39
Not a dud as some like to believe, the company hopes to start drilling in H2.
Abra
The Abra tenement covers 16,200 hectares on Luzon, Philippines, approximately 200km north of the Company's Runruno mine, in the Cordillera region, which is a prolific gold belt in the Philippines, with proven mineral endowment, having produced over 40 million ounces ("Moz") of gold historically.
To date, the Company has undertaken project mapping, geochemistry and geophysical surveys, while consulting extensively with the local communities. These activities have outlined three key highly prospective copper-gold porphyry targets, Manikbel, Donenglay and Boliney.
No drilling activities were undertaken in FY2025 due to ongoing government required consultations with the numerous local indigenous communities, facilitated by the National Commission for Indigenous Peoples. These consultations are advancing and the Company hopes to be able to commence its initial drill programme on the Abra tenement later in H2 2026.