High-Grade Gold Hits Boost Premier1 Lithium’s Yalgoo Prospects Amid ASX200 Exploration Momentum

Highlights

• Premier1 Lithium uncovers high-grade gold zones at Yalgoo
• Multiple targets show strong mineralisation potential
• Strategic drilling funded partly by WA government grant

Premier1 Lithium (ASX:PLC) has unveiled highly promising results from its maiden drilling program at the Yalgoo gold project in Western Australia, marking a strong entry into the gold exploration space. The campaign, targeting both known and newly-identified areas, has already returned high-grade gold intersections across multiple prospects—solidifying confidence in the project's broader mineral potential.

The drill program was aimed at extending known gold zones at Olive Queen, Crescent, and Carlisle prospects, as well as exploring fresh targets derived from geochemical surveys, drone magnetics, and detailed litho-structural analysis. The early outcomes have been particularly compelling.

At the Carlisle target, drilling intersected 10 metres at 3.1 grams per tonne (g/t) gold from 19 metres, including a more concentrated 7 metres at 4.3g/t. Meanwhile, Crescent South delivered standout results with 3 metres at 31.5g/t gold from 97 metres, including an exceptional 1 metre at 91.9g/t. Additionally, a newly-identified mineralised system west of Olive Queen intersected 1 metre at 1.5g/t gold from 96 metres—the first ever drill test in that area.

These intersections represent some of the most significant grades recorded at Yalgoo so far. According to the company, these results validate its integrated exploration approach and point to the underexplored yet highly prospective nature of the region. The newly opened zone west of Olive Queen is especially notable, showing strong structural and geochemical indicators that support further investigation.

With the drill program funded in part by a $180,000 co-funding grant from the Western Australian government, Premier1 Lithium plans to expand exploration along strike and down-dip of these promising zones. The company also aims to explore high-priority targets such as Mt Kersey and Central Block, where recent studies indicate potential for both gold and base metals.

This development aligns with a growing trend among explorers contributing to broader activity within the ASX200, as investors increasingly turn their attention to projects that demonstrate high-grade returns and strategic exploration models. For those tracking diversified portfolios, resource explorers like Premier1 Lithium offer alternative exposure beyond conventional ASX dividend stocks.

As exploration continues to evolve at Yalgoo, Premier1 Lithium is positioning itself for potential resource development with a pipeline of targets that could contribute significantly to Western Australia’s gold mining landscape.