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- High-grade hits outside the mine plan highlighting upside
- Potential to support near-term development opportunity identified
- Updated mineral resource estimate (MRE) set to be released
- Development decision targeted for this financial year
WIN Metals (ASX:WIN) has this week confirmed a potential near-term development opportunity, with bonanza gold grades obtained at the Radio gold project, near Southern Cross in Western Australia.
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Underground sampling from recent workings accessed via the existing decline has returned exceptionally high grades of up to 334 grams per tonne.
At the same time, drilling programs designed to support mine planning at Radio as well as Repeater have intersected high‐grade gold mineralisation within proposed underground and open pit mining areas, which has increased the incidence in the Western Australia explorer’s current mine plan.
Significant intersections from the drilling program included two metres at 16.01 g/t at Radio and 3m at19.51 g/t at the margin of the planned Repeater open pit.
WIN’s managing director and CEO, Steve Norregaard, said the results have reinforced the potential for a near‐term production opportunity.
“These results from our 2026 drilling and underground sampling programs confirm the high-grade nature of the Radio asset,” he explained today.
“Confirmation of high‐grade mineralisation within the planned underground mining areas significantly increases confidence in the current plan, while exceptional grades returned outside the existing design highlight clear potential upside. It just cements the age-old adage of ‘drill for structure, develop for grade.’
“This work is improving our understanding of the mineralisation and advancing the project toward a development decision.”
Development at Radio is now targeted for CY26, subject to the explorer’s final investment decision and receipt of all necessary approvals.
Mr Norregaard also highlighted the company’s successful acquisitions of the Princess Royal and Stumpy Doodle gold mines, which have expanded the broader Radio gold portfolio.
“These high-grade, strategically located projects introduce additional development optionality, with potential to deliver economically attractive ounces within trucking distance of Radio,” he said today.
“Overall, Radio and its surrounding satellite assets represent a compelling near-term production opportunity for WIN.”
The remaining assay results from Radio Central and drilling beneath the Repeater open pit are expected in the coming weeks ahead of an updated mineral resource estimate.
Other looming highlights include the finalisation of financial modelling for the processing option and the FID ahead of commencing operations.
WIN will open at 2.4¢. Mkt cap $20.57M.
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