AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- CGN Resources has commenced exploration campaigns at its flagship Webb Project in Western Australia.
- The field crew has been mobilised to the site to prepare for drilling planned in late April 2025.
- Initial drilling will focus on four high-priority targets: K4, K5, E1, and Shep.
- Drilling will target IOCG, carbonatite, and gold/nickel mineral systems.
CGN Resources Limited (ASX:CGR) has launched its 2025 exploration programs at the Webb Project. The field team has been mobilised to the site to complete preparations ahead of drilling, which is scheduled to begin in late April 2025.
The drilling will focus on testing new prospects at Elmar, Shep and Kandula. The first phase of the 2025 field season will prioritise four key targets: the K4, K5, and E1 iron-oxide-copper-gold (IOCG)/carbonatite prospects, as well as the Shep gold/nickel target. These targets were selected from a group of 12 high-priority IOCG, carbonatite and gold prospects identified late last year, following a comprehensive integrated targeting study and airborne gravity survey.
Through this drilling campaign, CGN aims to uncover large-scale magmatic mineral systems, including IOCG, niobium-rich carbonatite, and orogenic gold deposits.
Drill Targets Backed by Geoscience Data
CGN Resources has selected the four targets based on compelling geoscientific evidence gathered during the study. The targets represent significant regional gravity anomalies, each exceeding one kilometre in size, accompanied by magnetic responses and located within structurally favourable zones. Surface geochemical responses further support the presence of IOCG-style mineralisation.
Drilling contractor DDH1 will deploy a combination rig to drill reverse circulation (RC) precollars, followed by diamond core drilling to complete the remaining holes. This approach was successfully used in last year’s drilling campaign. Rig mobilisation is scheduled for later this month.
About Webb Project
CGN’s flagship Webb Project covers 961km² in the West Arunta Orogen of Western Australia. The region holds strong potential for copper, nickel, and critical metals, yet remains underexplored. The project is surrounded by major ASX-listed players including WA1 Resources, Rio Tinto, Encounter Resources, and IGO Ltd.
CGN has already identified Australia’s largest kimberlite field at Webb, highlighting the project’s potential for diamondiferous kimberlite. In addition, the company has compiled extensive datasets, including drill geochemistry, high-resolution aeromagnetics, FALCON gravity, and publicly available geological data, being used to target large-scale magmatic mineral systems.
Recent nearby discoveries of niobium- and REE-rich carbonatites and IOCG-style systems—using similar methodologies—further validate the project’s potential.
Christmas Well and Panhandle Projects
Additionally, CGN is advancing its Christmas Well and Panhandle Projects near Leonora. These tenements lie along the prolific Norseman-Wiluna greenstone belt–Raeside Batholith contact, host to major gold deposits such as Gwalia (8 Moz), Tower Hill (2 Moz), and King of the Hills (4 Moz). Exploration is set to begin once tenure is granted.
CGR shares were trading at AU$0.091 per share at the time of writing on 9 April 2025.
