EKJV Report Withdrawal Raises Questions Amid Promising Exploration Results

Context and Compliance

Rand Mining Ltd (ASX, RND) has issued a replacement exploration report for the East Kundana Joint Venture (EKJV) covering the September 2025 quarter. This follows discussions with the ASX that led to the withdrawal of the initial report released in October. The updated document now includes comprehensive JORC 2012 Table Section 1 and 2 disclosures, a competent person statement, and a compliance statement, ensuring clarity and adherence to regulatory standards.

The replacement report also removes all visual estimates previously included, reflecting the qualitative nature of those figures and aligning with Listing Rule 5.7.1. Investors are cautioned not to rely on the withdrawn initial report for investment decisions, underscoring the company’s commitment to transparent and accurate reporting.

Exploration Activity at Sadler and Ambition

During the quarter, the EKJV completed 671 metres of diamond drilling at the Sadler prospect, located within the Raleigh tenement. This drilling program aims to test potential extensions of the existing mineralisation beyond the current underground mining area. While no assay results were returned during this period, a further 1,054 metres of diamond drilling is planned for the next quarter, which is expected to provide critical data for resource modelling and potential expansion.

At the Ambition prospect, no new drilling was conducted this quarter. However, assay results from the previous drilling campaign were received and reviewed, revealing several high-grade gold intercepts. Notable results include intercepts of 0.6 metres at 15.09 grams per tonne (g/t) gold, 0.68 metres at 8.31 g/t, and 0.4 metres at 7.82 g/t. These findings suggest a promising southward-plunging high-grade zone that will inform the next phase of exploration planning.

Technical and Geological Insights

The EKJV area lies within the Norseman-Wiluna Greenstone Belt, a prolific gold region. The mineralisation style at Ambition is associated with K2-style narrow vein deposits hosted by shear zones, with structural complexity involving the confluence of the Strzelecki and K2 structures. The updated report includes detailed geological logging, sampling techniques, and quality assurance protocols, reflecting industry best practices and ensuring data reliability.

Updated maps now display all drillhole collars, providing a clearer spatial understanding of the drilling program. The report also confirms that drilling orientations were designed to avoid sampling bias, and sample security protocols were rigorously maintained throughout the campaign.

Looking Ahead

Rand Mining and its JV partners, Evolution Mining Limited and Tribune Resources Limited, plan to continue diamond drilling at Sadler to further delineate resource extensions. At Ambition, the integration of recent assay results into geological and resource models will guide targeted drilling to better define the high-grade zones, particularly at depths exceeding 400 metres.

This methodical approach underscores the EKJV’s commitment to advancing exploration with a strong emphasis on data integrity and regulatory compliance, setting the stage for potential resource growth in a well-established gold mining district.