Waratah Minerals Acquires Entire Spur Gold Project NSW
Waratah Minerals has unified the Spur Gold Project in New South Wales by securing 100% of the Goldenclad Mining Leases. This consolidation enhances exploration efficiency and reduces costs, positioning Waratah for significant discoveries in a region rich in gold potential.
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Waratah Minerals ASX has completed a binding option deed to acquire full ownership of the Goldenclad Mining Leases, effectively consolidating the Spur Gold Project NSW. This acquisition eliminates fragmentation in land ownership, facilitating a unified exploration strategy and reducing overall discovery costs.
Historical drilling has revealed promising intercepts, including 48.3 meters at 1.65 grams per tonne and 73 meters at 0.93 grams per tonne gold. Waratah's structured financial deal allows for a maximum liability of $1.2 million, while ensuring active exploration within a two-year timeframe.
The project is located in the East Lachlan region, known for its significant gold-copper mineralization. Upcoming drilling in Q3 2026 aims to connect mineralized structures, potentially redefining the economic value of the district and increasing resource growth opportunities.
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