Koonenberry Gold Reports Broad High-Grade Gold Intercepts, $8.7M Cash Backing

A Rising Star in NSW Gold and Copper Exploration

Koonenberry Gold Limited is steadily carving out a significant presence in New South Wales’ underexplored gold and copper belts. The company’s recent investor presentation highlights a compelling discovery narrative at its flagship Enmore Project, where drilling has returned broad, high-grade gold intercepts including visible gold, a rare and encouraging sign in mineral exploration.

Located just 20 kilometres south of the established Hillgrove gold-antimony mine, Enmore sits within the New England Fold Belt, a region with a rich endowment of over 35 million ounces of gold. Koonenberry’s drilling results reveal mineralisation from surface to depths of 300 metres, with standout intercepts such as 170 metres at 1.75 grams per tonne gold, including a high-grade 18 metres at nearly 10 grams per tonne. These results suggest both bulk tonnage and high-grade potential, underpinning the company’s confidence in a multi-million ounce gold system.

Fully Funded Drilling and Strategic Project Pipeline

Backing this discovery momentum, Koonenberry has secured $8.7 million in cash, enabling a fully funded Phase II drilling program of 10,000 metres at Enmore, set to commence in late August. This program aims to infill and extend known mineralisation, test near-surface and deeper targets, and explore along strike to the northeast and southwest, with the goal of delineating a +1 million ounce gold system.

Beyond Enmore, Koonenberry controls a substantial 4,360 square kilometre land package across three key projects, the Koonenberry Project in a frontier belt with multi-million ounce gold and copper potential; the Lachlan Project, hosting multiple gold and copper targets including joint ventures with Newmont at Junee and Fairholme; and the Enmore Project itself. The company’s portfolio benefits from geological settings analogous to some of Australia’s most prolific gold and copper provinces, including proximity to major mines such as Cadia and Cowal.

Experienced Leadership and Active Joint Ventures

Koonenberry’s exploration efforts are supported by an experienced management team with deep expertise in geology, finance, and mining. Managing Director Dan Power and Chairman Paul Harris bring decades of industry experience, complemented by a board with strong backgrounds in capital markets and mineral exploration.

Strategic partnerships with Newmont at the Junee and Fairholme projects are advancing well, with active drilling programs underway. These joint ventures provide access to significant technical and financial resources, enhancing the potential for discovery and development of copper-gold porphyry systems in the Lachlan Fold Belt.

Looking Ahead, Exploration and Market Implications

Koonenberry’s upcoming drilling campaigns and ongoing exploration across multiple prospects promise a steady flow of news and potential resource upgrades. The company’s focus on both bulk tonnage and high-grade targets positions it well to attract investor interest amid a competitive exploration landscape. However, as with all early-stage exploration, assay confirmations and resource delineation remain critical next steps to validate the promising visual gold observations reported to date.