Hamelin Gold Faces Uncertainty as Ularring Project Downgraded After Drilling
Hamelin Gold Limited has progressed key drilling programs in Western Australia’s premier gold provinces, backed by a recent $2.8 million capital raise that leaves it well-funded for ongoing exploration.
- Completed 18-hole RC drilling at Fremlins South; assays pending
- RC drilling commenced at Jazz prospect with results expected September
- Upcoming airborne electromagnetic survey at Le Beau to target copper-nickel-PGE
- Cash reserves of approximately $4.9 million following $2.8 million capital raising
- Exploration expenditure of $729,000 for the quarter; no production activities
Exploration Momentum in Western Australia
Hamelin Gold Limited has reported steady progress across its exploration portfolio in Western Australia for the quarter ending 30 June 2025. The company’s focus remains on the prolific Tanami and Yilgarn gold provinces, where it is deploying modern exploration techniques to uncover large-scale mineral systems.
In the Tanami Province, Hamelin completed an 18-hole reverse circulation (RC) drilling program at the Fremlins South prospect, covering 2,162 metres. While assay results are still pending, this drilling targets a significant gold anomaly extending over a 4-kilometre strike. Concurrently, RC drilling has commenced at the Jazz prospect, another promising target identified through geochemical anomalies and advanced ultrafine analytical technology. Results from Jazz are anticipated in September 2025.
Leveraging Government Support and Advanced Technology
Both the Fremlins South and Jazz drilling programs benefit from co-funding through the Western Australian Government’s Exploration Incentive Scheme (EIS), underscoring the strategic importance of these projects. Additionally, Hamelin is preparing to complete an airborne electromagnetic (AEM) survey over the Le Beau intrusive complex in August 2025. This survey aims to identify conductors that may indicate accumulations of copper-nickel-platinum group elements (PGE), building on promising results from the BHP Xplor program in 2024.
Yilgarn District and Strategic Portfolio Decisions
In the Yilgarn District, the Ularring project underwent a 26-hole RC drill program earlier in the year. Although drilling confirmed low-level gold anomalism beneath a 500-metre surface gold anomaly, the results have downgraded expectations for a large tonnage deposit. Hamelin is now exploring options to divest this strategically located tenement, reflecting a pragmatic approach to portfolio management.
Financial Position and Corporate Highlights
Financially, Hamelin Gold remains well-capitalised with cash reserves of approximately $4.9 million as of 30 June 2025. This follows a successful capital raising of around $2.8 million before costs, completed in two tranches during the quarter. Exploration expenditure for the period was approximately $729,000, with no mining development or production activities reported. Payments to related parties, primarily director remuneration, were disclosed in line with regulatory requirements.
Overall, Hamelin’s quarterly update reflects a company actively advancing its exploration agenda with government support and modern technologies, while maintaining a solid financial footing to fund ongoing work programs.
Bottom Line?
As assay results and survey data emerge, Hamelin’s next moves will be critical in defining its growth trajectory in Western Australia’s competitive gold exploration landscape.
Questions in the middle?
- What will the pending assay results from Fremlins South reveal about the scale and grade of mineralisation?
- How might the airborne EM survey at Le Beau influence Hamelin’s copper-nickel-PGE exploration strategy?
- What are the potential terms and timing for the divestment of the Ularring project, and how will this affect the company’s portfolio?
