How Dundas Minerals Plans to Unlock Gold Potential in 612km² Gerry Well Belt

Expanding the Exploration Frontier

Dundas Minerals Limited (ASX – DUN) has taken a decisive step to bolster its gold exploration portfolio by securing a substantial 612 square kilometre tenement package covering the northern portion of the Gerry Well greenstone belt in Western Australia. This region, historically underexplored for gold, has recently attracted attention following a Geological Survey of Western Australia (GSWA) study that identified Sanukitoid-type rocks; geological formations often associated with significant gold mineralisation.

With this acquisition, Dundas positions itself as the dominant explorer in this promising greenstone belt, complementing its existing projects near Kalgoorlie. The company’s Managing Director, Shane Volk, highlighted the strategic importance of this move, noting the combination of outcropping and covered greenstone formations that suggest substantial exploration upside.

Leveraging Technology for Targeting

To optimise exploration efforts, Dundas has engaged SensOre Limited, a Perth-based consultancy renowned for its technology-driven targeting solutions. SensOre will integrate public domain data with Dundas’s historical and newly acquired datasets to generate a ranked list of prospective gold targets within the Gerry Well tenements. This comprehensive targeting program is expected to take six to eight weeks, setting the stage for focused drilling campaigns.

Drilling Approvals and Project Development

In parallel, Dundas has secured Programmes of Work approvals for drilling at its Windanya project near Kalgoorlie. The approved drilling includes 56 holes south of the Capricorn gold deposit, aimed at testing its southern extension, and 14 holes at the Rockland prospect to infill previous successful drill results. These initiatives underscore Dundas’s commitment to advancing its gold resource base, which currently includes inferred resources of 25,500 ounces at Capricorn and 23,000 ounces at Baden-Powell under option agreements with Horizon Minerals.

Financial Position and Capital Structure

As of the quarter ending June 30, 2025, Dundas reported a cash balance of approximately $0.73 million, alongside $1 million in convertible notes due in 2029. The company’s capital structure comprises over 107 million ordinary shares and 37 million unlisted options, providing a foundation for potential future funding. While the current cash position supports near-term exploration activities, further capital raising may be necessary to sustain longer-term development plans.

Strategic Outlook

Dundas’s recent moves reflect a strategic pivot towards underexplored but geologically compelling areas, leveraging both traditional exploration and cutting-edge targeting technologies. The company’s ability to convert these opportunities into defined mineral resources will be critical in shaping its growth trajectory and market valuation. Investors will be watching closely for SensOre’s targeting results and the outcomes of upcoming drilling programs, which could unlock significant value in the coming quarters.