Dundas Secures 80% of 800 km² Romano Gold Project Adjacent to 6 Moz Gruyere Mine
Dundas Minerals has secured an 80% stake in the Romano Project, an 800 km² gold exploration package adjacent to the Gruyere mine in Western Australia, unlocking new potential in a historically underexplored region.
- Acquisition of 80% interest in Romano Project covering ~800 km²
- Project located next to the 6 million ounce Gruyere gold mine
- Historical drilling highlights at Bloodwood and Brahman prospects
- Earn-in structure requires $2 million exploration spend over two years
- No current mineral resource estimates; exploration underway
Strategic Expansion into Frontier Gold Terrain
Dundas Minerals Limited has taken a significant step to broaden its gold exploration portfolio with the acquisition of an 80% interest in the Romano Project, a vast 800 square kilometre landholding situated in the northeastern Goldfields of Western Australia. This move places Dundas directly adjacent to the operating Gruyere gold mine, one of Australia's largest recent gold discoveries, which boasts an estimated resource of around six million ounces.
While Dundas is careful to clarify that proximity to Gruyere does not guarantee mineralisation continuity, the Romano Project's location on the eastern margin of the Yamarna Shear Zone, a region known for hosting large-scale gold systems, offers a compelling geological setting. The terrain remains notably underexplored compared to more mature goldfields, presenting an opportunity for discovery in a frontier environment.
Promising Historical Data at Bloodwood and Brahman
Historical exploration data underpin Dundas’ interest, with previous drilling by Gold Road Resources revealing multiple priority targets within the Romano tenure. The Bloodwood Prospect, for example, has returned encouraging drill intercepts such as 12 metres at 3.3 grams per tonne gold starting from 20 metres depth, including a high-grade 4-metre interval at 9.5 grams per tonne. Similarly, the Brahman Prospect has yielded intercepts including 2 metres at 3.9 grams per tonne gold, with a standout 1-metre section grading 7.01 grams per tonne.
These results, while historical and not independently verified by Dundas, provide a strong foundation for systematic follow-up exploration. The company has indicated plans to build a dedicated technical team to advance these targets as part of its broader strategy to focus on large-scale gold systems in underexplored regions.
Transaction Structure and Forward Outlook
The acquisition agreement with Cazaly Resources Limited includes an earn-in structure whereby Dundas can secure an 80% interest through staged exploration expenditure totalling $2 million within two years. Initial consideration includes a $150,000 cash payment and $350,000 worth of Dundas shares, with further payments and share issuances tied to the granting of pending exploration licences.
This deal complements Dundas’ existing projects in the Kalgoorlie region and aligns with its disciplined approach to capital deployment and technical rigor. While no mineral resources or reserves have yet been estimated for Romano, the company’s entry into this frontier terrain signals confidence in the region’s prospectivity and its potential to contribute to Dundas’ growth trajectory.
Investors should note that exploration remains at an early stage, and the company has cautioned that further work is required to establish any mineral resource. However, the combination of strategic location, historical data, and a clear exploration plan positions Dundas well for potential value creation in 2026 and beyond.
Bottom Line?
Dundas’ Romano acquisition marks a bold step into a promising but unproven gold frontier, setting the stage for a pivotal exploration campaign.
Questions in the middle?
- Will upcoming exploration confirm mineral continuity with the Gruyere gold system?
- How will Dundas prioritize and fund exploration across the large 800 km² Romano tenure?
- What impact will the earn-in expenditure have on Dundas’ financial position and shareholder value?
