Athena Prospect Drilling Set to Unlock High-Grade Silver Potential in 2025

Exploration Momentum Builds at Paris Silver Corridor

Investigator Resources Limited (ASX, IVR) is intensifying its exploration efforts in South Australia, focusing on its silver-rich portfolio. The company is preparing to commence drilling at the Athena Prospect, a historically underexplored target within the Paris Silver Corridor, where previous drilling returned impressive silver grades but lacked comprehensive follow-up.

The Athena site, located approximately 11 kilometres southeast of the Paris discovery, was originally drilled for iron ore but recent re-assays of historic drill pulps revealed high-grade silver intersections, including a standout 5 metres at 493 grams per tonne. This has prompted Investigator to plan targeted drilling starting in August, supported by a gravity survey designed to refine drill hole placement.

Expanding Horizons with Copper and Gold at Curnamona

Beyond silver, Investigator is launching its inaugural drilling campaign at the Curnamona Project, targeting copper and gold mineralisation. Scheduled for September, this campaign will focus on multiple high-priority prospects identified through coincident geophysical and geochemical anomalies. The company has completed heritage surveys and secured landowner access, clearing the way for exploration to proceed.

Strong Financial Backing and Leadership Transition

Backing these exploration initiatives is a recently completed $4.3 million placement, which attracted strong support from institutional and sophisticated investors, including Jupiter Asset Management. This capital injection will fund near-term drilling programs and the completion of a definitive feasibility study (DFS) for the Paris Silver Project.

Leadership at Investigator has also evolved, with Lachlan Wallace stepping in as Managing Director on 1 July 2025. Wallace brings over two decades of mining and project development experience, including leading the successful commissioning of South Australia’s Kanmantoo Copper Mine. His appointment signals a strategic push to translate exploration success into operational progress.

Ongoing Exploration and Strategic Review

Investigator is also re-evaluating legacy data across its broader tenement holdings, including the Uno-Morgans-Harris Bluff area, to identify additional drill targets. Fieldwork at the Molyhil tungsten project has been completed, with soil sampling and heritage surveys finalised. The company plans to review its DFS to reflect the recent 30% rise in silver prices this year, potentially expanding pit designs and incorporating new water resources to optimise tailings management.

With $5.1 million in cash at quarter-end and a clear exploration roadmap, Investigator Resources is positioning itself to unlock value across its diverse asset base, balancing silver, copper, and gold opportunities under experienced leadership.