Resource Confidence Grows at Ricciardo Amidst Pending Assay Results and Royalties

Ricciardo Drilling Delivers Strong Confirmation

Warriedar Resources Limited (ASX, WA8) has released encouraging assay results from its resource definition drilling at the Ricciardo gold-antimony deposit, part of the broader Golden Range Project in Western Australia's Murchison region. The company reported assays for 50 drillholes, including 2 reverse circulation and 48 diamond-tail holes, which returned significant intercepts reinforcing the continuity of high-grade mineralisation within the current Mineral Resource Estimate (MRE) outline.

Notable intercepts include 32 meters at 4.64 grams per tonne (g/t) gold and 0.33% antimony, equivalent to 5.34 g/t gold equivalent (AuEq), and 25 meters at 7.43 g/t gold with minor antimony. These results validate the presence of robust gold-antimony zones, particularly within the Ardmore shoot, a key high-grade area of the deposit.

Strategic Importance of the Golden Corridor

The Ricciardo deposit lies within Warriedar’s ‘Golden Corridor,’ a strategic focus area that currently hosts an estimated 2.22 million ounces AuEq. This corridor has seen limited deep drilling prior to Warriedar’s involvement, with historical mining primarily targeting near-surface oxide material. The recent drilling has systematically explored deeper transitional and primary sulphide zones, which remain underexplored and hold significant potential for resource expansion.

Warriedar’s Managing Director Amanda Buckingham highlighted the significance of these results, stating they provide “further confirmation and confidence” in the substantial gold and antimony resources defined to date. The company continues to advance its resource definition drilling efficiently while evaluating additional targets along the Golden Corridor.

Windinne Well Assay Results Support Historical Data

In addition to Ricciardo, Warriedar reported assay results from the Windinne Well deposit, located approximately 5 kilometers south of the Golden Range processing plant. The single outstanding diamond-tail drillhole returned gold intercepts consistent with historical drilling, including 2.6 meters at 2.06 g/t gold and 3.2 meters at 1.69 g/t gold. Windinne Well remains an important satellite deposit with a remaining inferred resource of 92,000 ounces at 2.9 g/t gold.

Robust Technical and QAQC Framework

The drilling program employs a combination of reverse circulation and diamond drilling techniques, with rigorous quality assurance and quality control (QAQC) protocols. Samples were assayed using fire assay methods with multi-element analysis, and results were validated through field duplicates, standards, and blanks. The company’s geological and data management teams ensure high data integrity, supporting reliable resource estimation and future mine planning.

Warriedar’s approach to gold equivalent calculations incorporates both gold and antimony values, reflecting the economic potential of the combined metals. Assumptions are based on comparable projects and current market prices, with metallurgical recoveries estimated pending further studies.

Looking Ahead

The resource definition drilling at Ricciardo is ongoing, with further assay results pending for 45 drillholes. Warriedar plans to continue expanding and upgrading the resource base, alongside metallurgical testing and evaluation of additional targets within the Golden Corridor. The company’s strong cash position and zero debt provide a solid foundation for advancing these exploration and development activities.