Voltaic Uncovers New Gold Targets, Boosts Stake in Woodlark Project

Exploration Momentum at Meekatharra

Voltaic Strategic Resources Limited (ASX:VSR) has reported significant progress in its March 2025 quarterly update, highlighting promising exploration developments at its flagship Meekatharra Gold Project in Western Australia. The company’s regional exploration efforts have delineated multiple sub-parallel gold-mineralised corridors, interpreted from historical drill data and structural analysis. These corridors, associated with splays off the Burnakura Shear Zone, are now priority targets for follow-up drilling, with ground validation underway to confirm historical drill collar locations.

Complementing this, Voltaic is refining target areas through Sub-Audio Magnetics (SAM) geophysical surveys to better understand structural controls and mineralisation trends. Concurrently, wide-spaced soil sampling and reconnaissance mapping continue across the broader Meekatharra tenement package, which spans 266 square kilometres within a prolific gold and critical minerals precinct. This systematic approach aims to rank prospective zones for future exploration, positioning Voltaic well within a region that has historically produced several million ounces of gold.

Polymetallic Potential at Kooline

At the Kooline Gold Project, located approximately 350 kilometres northeast of Carnarvon, Voltaic has confirmed encouraging polymetallic mineralisation. Rock chip sampling at the Spilsbury and Treadle prospects returned high-grade gold assays up to 12.4 g/t, alongside significant silver, lead, and antimony values. These results underscore the potential for a substantial gold-polymetallic system within the Wyloo Anticlinal Dome, a geological setting analogous to the nearby Paulsens Gold Mine, which has produced over 900,000 ounces of gold since 2005.

Fieldwork at Kooline was temporarily curtailed due to seasonal cyclones, but plans are in place to resume exploration along strike and sub-parallel to known mineralised zones. The presence of sulphide-bearing quartz breccias aligned with regional fault trends, combined with pathfinder geochemical anomalies, further enhances the project's exploration appeal.

Advancing Lithium Prospects at Ti Tree

Voltaic’s Ti Tree Lithium Project in the Gascoyne region continues to advance under a $12 million farm-in and joint venture agreement with Delta Lithium Limited (ASX:DLI). The project lies within the ‘Volta Corridor’, an 80-kilometre prospective belt for lithium-caesium-tantalum (LCT) pegmatites. Recent progress includes resolution of overlapping tenement claims and preparations for expanded surface exploration, pending native title and heritage surveys. Delta’s ongoing geochemical sampling and mapping programs are expected to accelerate from April 2025, potentially unlocking further lithium mineralisation within this emerging corridor.

Strategic Investment in Woodlark Island Gold Project

In a strategic move to diversify its portfolio, Voltaic acquired a 4.2% equity stake in Geopacific Resources Ltd (ASX:GPR) by participating in a recent entitlement offer. Geopacific owns the Woodlark Island Gold Project in Papua New Guinea, boasting a 1.67 million ounce gold resource with a pre-tax NPV8% of A$625 million based on a conservative A$2,900/oz gold price. Notably, the current spot gold price exceeds A$5,200/oz, potentially enhancing project economics significantly.

Geopacific is preparing to commence a fully funded 30,000-metre RC and diamond drilling program in Q2 2025, targeting resource extensions and new discoveries. Voltaic’s stake provides indirect exposure to this high-quality asset, which is strategically positioned for growth with ongoing exploration at high-priority prospects such as Little Mackenzie and Wayai Creek.

Financial Position and Outlook

Voltaic closed the quarter with a robust cash balance of $2.4 million and listed securities valued at $2.9 million, underpinning its capacity to fund ongoing exploration and potential acquisitions. The company reported exploration expenditure of $192,000 for the quarter, with operating cash outflows contained at $108,000. Despite an active review of acquisition opportunities, the board maintained discipline and did not proceed with any project purchases during the period.

Looking ahead, Voltaic’s strategy appears focused on advancing its core gold and lithium assets while leveraging its strategic investment in Geopacific to benefit from the evolving gold market dynamics. The upcoming drilling campaigns and geophysical surveys will be critical in defining the next phase of growth for the company.