Austral Resources has reported assay results from 32 reconnaissance RC drill holes across six prospects at its Cameron River Project. The project sits approximately 40 km from the Company’s Rocklands Processing Facility in the Mount Isa Copper Province.
Chip tray photograph showing semi-massive chalcopyrite dominant mineralization intercepted in 26WHRC004 around at around 55m depth.
AR Chairman David Newling said: “Waterhole has delivered the standout result from our Cameron River reconnaissance campaign, with strong copper grades accompanied by meaningful gold. We have also intersected copper– gold mineralization across several additional targets, giving us a clearer set of priorities for follow-up drilling. Our immediate drilling focus now moves to Miranda whilst we refine the next phase of exploration at Cameron River.
These results, alongside previous results like Enterprise and Snow Queen, start to demonstrate the prospectivity of our tenure across north west Queensland, and with an increased exploration program scheduled for 2027, our belief is that our copper resources will grow substantially as we continue to prosecute our strategy to become Australia’s next mid-tier copper powerhouse.”
Waterhole delivered the standout result. Drillhole 26WHRC004 intersected 15 m at 4.59% copper and 1.16 g/t gold from 40 m, including 13 m at 5.21% copper and 1.24 g/t gold from 41 m. Other results included 17 m at 1.27% copper from 7 m at Waterhole, 5 m at 2.79% copper from 10 m at Playboy, and 7 m at 1.00% copper from 113 m at Dawn Marie. All intercepts are downhole widths, and true widths are not yet known.
Waterhole is now a priority for follow-up drilling. Systematic follow-up is also planned at Playboy–Dawn Marie and Trumby Line to test continuity between intersections. Austral’s immediate drilling focus moves to the Miranda Project. That work includes resource definition and potential expansion drilling at the Enterprise Copper Resource. An increased exploration program is scheduled for 2027.