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Highlights
- King River Resources has exercised its option to acquire the Mindoolah Gold Project, securing full ownership through its subsidiary.
- A 1.6-kilometre magnetic anomaly has been identified as a priority target.
- Surface sampling and historic drilling results indicate the presence of gold mineralisation associated with the identified intrusive system.
King River Resources Ltd (ASX:KRR) has completed the acquisition of the Mindoolah Gold Project in Western Australia, marking a shift in its exploration approach toward ‘Intrusive Source’ model. Located about 70 kilometres north-west of Cue in the Murchison Province, the project is set to undergo further evaluation using geophysical techniques to determine the scale of the gold system and refine targets for the upcoming drilling program.
Acquisition Marks Strategic Shift
The company has exercised its option to acquire the Mindoolah Gold Project through its wholly owned subsidiary, Auradoolah Pty Ltd. The transaction includes a cash payment of AUD 600,000, alongside royalty arrangements tied to future production from shallow and deeper mineralisation zones.
Rationale for Acquisition
The acquisition of the Mindoolah Project is based on a revised geological approach. Previous mining targeted high-grade quartz reefs located away from the source, whereas current exploration is aimed at locating the proximal origin of the system. Central to this approach is a 1.6-kilometre magnetic anomaly, interpreted as a monzogranite intrusion that may have acted as the main conduit for mineralising fluids.
The company believes that the exploration model suggests that historically mined quartz reefs represent extensions of a broader mineralised system. Surface sampling over this magnetic peak has returned 0.84 g/t gold from quartz veining, indicating that the magnetic high is bearing gold at the surface, supporting the intrusive-style model.
Historic drilling provides further support, with drill hole MP4 intersecting 47 metres of altered granite containing quartz veining. The hole ended in mineralisation, recording 0.66 g/t gold at the water table. As per the company interpretation, this is a ‘near-miss’ into a potentially huge, depth-persistent system.
Next Steps to Refine Targets
The company plans to commence high-resolution geophysical surveys in the coming month to better define the broader 1.6-kilometre magnetic anomaly.
Project Setting and Historical Context
The Mindoolah Project is situated within the Youanmi Terrane. Gold mineralisation has been historically recorded within the project area as the quartz reefs and stockworks, in range of 1m to 5m in width.
The acquisition of the Mindoolah Gold Project represents a step in advancing exploration efforts focused on identifying the source of gold mineralisation within the region. With geophysical surveys planned and drilling programs to follow, King River Resources is progressing toward further evaluation of the project’s geological potential and mineralisation extent.
KRR shares were trading 3.33% higher at AUD 0.031 per share at the time of writing on 25 March 2026.
