Latest news with #PeterGoh
News.com.au
25-07-2025
- Business
- News.com.au
Resources Top 5: Albion Resources skyrockets on 12 for 12 gold hits at Yandal West
Results of up to 11m at 20g/t gold validate ALB's belief in the prospectivity of Yandal West. KFM acquires portfolio of copper-gold, gold and silver-lead-zinc projects in NSW EM surveying reveals multiple conductive plates at the Oval copper-nickel project in Mongolia Your standout small cap resources stocks for Friday, July 25, 2025 Albion Resources (ASX:ALB) Gold hits from all 12 holes of a program targeting the Collavilla prospect at the Yandal West project in WA have seen Albion Resources rocket to a three-year high of 16c, an advance of 132% on the previous close with almost 49m shares changing hands. The shallow RC drilling results of up to 11m grading 20g/t gold from a down-hole depth of 17m including 5m at 38.9g/t gold in hole ALBRC006 validate ALB's belief in the prospectivity of Yandal West. Other strong results were: 12m at 1.3g/t gold from 4m including 1m at 6g/t gold in ALBRC007); and 9m at 1.6g/t gold from 11m including 6m at 2.3g/t gold in ALBRC009. These holes had an average drill depth of about 44m and tested a 100m by 100m area within the Ives Find prospective granite intrusive covering more than 4km by 750m. Additionally, drilling to follow up on a historical intersection of 3m at 15g/t gold has been completed with assays pending. The company's maiden RC drill program is testing the high priority Collavilla, Collavilla East, Collavilla West and Barwidgee Central gold targets with 28 holes totalling 1871m completed to date. 'This is a phenomenal start to our drilling at Collavilla. Every completed hole has intersected gold, including a standout 11m at 20.0g/t from just 17m depth,' chief executive officer Peter Goh said. 'These shallow, high-grade results confirm the presence of a gold system and we've only tested a small portion of the broader Ives Find footprint, which spans 4km by 750m. 'With assays still pending and a detailed gravity survey underway to refine targets, Albion is building strong momentum as we work to understand the scale of this system. 'This quarter is shaping up to be a transformational one with the gravity survey nearing completion and our fully funded RC campaign set to recommence early August.' Yandal West sits within the Yandal Belt, an underexplored region in WA that fuels more than 500,000ozpa of gold production for Northern Star Resources (ASX:NST). Kingfisher Mining (ASX:KFM) The acquisition of a portfolio of copper-gold, gold and silver-lead-zinc projects in prolific mining areas of NSW has seen Kingfisher Mining (ASX:KFM) jump 70.22% to a 2025 high of 8c. The company has entered into a binding agreement with Austin Metals to acquire the early stage to advanced exploration projects in the Broken Hill, Cobar and the Macquarie Arc regions. In the Broken Hill area they include Copper Blow iron oxide copper gold (IOCG) project, Yalcowinna copper-cobalt prospects and the Broken Hill West silver-lead-zinc prospects. Cobar assets include the Tindery gold and base metal project that hosts a cluster of small historical gold workings with limited drilling. In the Macquarie Arc the company will secure the Wellington copper project, where the key asset is the Willunga prospect, 15km from the Boda/Kaiser porphyry-copper deposit of Alkane Resources. Copper Blow, which hosts high-grade copper-gold mineralisation defined by historical drilling over 600 metres of strike, is the most advanced. Historical results include: 16m at 2.67% Cu, 0.62 g/t Au and 4.04 g/t Ag from 133m; 4m at 6.13% Cu, 4.23 g/t Au and 12.93 g/t Ag from 188m; 7m at 3.7% Cu, 1.07 g/t Au and 5.5 g/t Ag from 126m; and 4m at 3.48% Cu, 2.39 g/t Au and 5.9 g/t Ag from 177m. At Broken Hill West multiple silver-lead-zinc prospects are associated with historic mines. Drilling in 2011 at Allendale returned: 10m at 16.1% Pb+Zn and 29 g/t Ag from 15m; 2m at 19.9% Pb+Zn and 39.2 g/t Ag from 47m; and 2m at 13.8% Pb+Zn and 51.1 g/t Ag from 117m KFM said the acquisition represented significant value for Kingfisher shareholders, with total consideration of $200,000 in cash and $200,000 in shares to be issued to Austin. 'This acquisition represents a compelling exploration opportunity with access to a strategic asset portfolio, providing exposure to a pipeline of early stage and advanced, critical and precious metal targets located proximal to a number of world-class deposits in three proven mining districts in NSW, whilst still providing the option value on the Gascoyne rare earth project in Western Australia," non-executive chairman Scott Huffadine said… possibly while breathing through his ears. To fund exploration, KFM is conducting a capital raising of $1.85m through a placement to sophisticated and professional investors at 4c per share and a subsequent non-renounceable entitlement issue to eligible shareholders. Asian Battery Metals (ASX:AZ9) Ground-based EM surveying has revealed multiple conductive plates aligning with known structures at the Oval copper-nickel project in Mongolia, lifting the confidence of Asian Battery Metals ahead of more drilling. There have been 29 conductive plates identified at four distinct areas at just the halfway point of AZ9's SAMSON electromagnetic program. AZ9 MD Gan-Ochir Zunduisuren said the ongoing EM survey had delivered what the company hoped for – multiple shallow, coherent conductors that coincide with existing geological and geophysical datasets. 'These represent some of our most compelling targets to date, and we're excited to test them with drilling over the coming weeks,' he said. 'The SAMSON EM program has been expanded and will now focus on deeper zones and nearby structures similar to the Oval copper-nickel discovery.' AZ9 aims to restart drilling in August, with FLEM and MLEM surveys ongoing until mid-August. (Up on no news) Assays are expected shortly from a first phase of drilling at the Eastern Hills antimony/gold prospect within the Mt Clement project in WA's Ashburton Basin… and Marquee Resources shares have meanwhile increased 67% to a high of 1.5c. Seven RC holes were drilled for 1,346m in a program extended from the original plan as MQR seeks to confirm strike and depth extensions to historical mineralisation and identify new mineralised structures. 'We are highly encouraged by the technical outcomes from our first phase of drilling at Mt Clement,' executive chairman Charles Thomas said. 'Samples from the completed drilling have been submitted to ALS Laboratories for analysis and the results will be instrumental in refining our targets for the fully permitted phase 2 drilling program.' The company has received a A$469,095 cash rebate from the Federal Government's R&D Tax Incentive program in respect of eligible research and development expenditure for the year ended June 30, 2024. Diablo Resources (ASX:DBO) (Up on no news) With copper in its sights at the Phoenix project along strike from a producing mine in Utah, Diablo Resources increased 33.33% to 2c. Earlier in July the company completed a placement to professional, experienced and sophisticated investors raising $396,000 before costs. The placement at 1.2c per share included one free attaching option for every two new shares. The options, which are subject to shareholder approval, will be exercisable at 2.4c each expiring three years from the date of issue. Funds will support RC drilling at Phoenix, along strike from the producing 276Mlb Lisbon Valley copper mine. The approved drill program will begin as soon as practicable and target the Trenton and Philadelphia prospects. Sampling at Trenton along ~1.8km averaged 2.79% Cu and ranged from 0.28% to 8.21% Cu while at Philadelphia sampling over 750m averaged 6.29% Cu and ranged from 0.5% Cu to 45.7% Cu and 219 g/t silver. This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. At Stockhead we tell it like it is. While Albion Resources and Asian Battery Metals are Stockhead advertisers, they did not sponsor this article.
News.com.au
13-07-2025
- Business
- News.com.au
Yandal Belt grabs attention as deals, drilling and discoveries make WA gold field hot property
The Yandal belt is one of the most famous in WA, yet new discoveries show it remains underexplored Gateway Mining recently offered $45 million for Strickland Metals' 400,400oz Yandal project, valuing inferred resource at $112/oz That shows the huge leverage to discovery success for early stage explorers like Albion Resources Strickland Metals (ASX:STK) has pulled in over $100 million in cash and shares in the past two years for two modestly sized gold projects in WA's Yandal gold belt. After banking $41m in cash and $20m worth of Northern Star Resources (ASX:NST) shares for its Millrose deposit in 2023, the announcement that the rest of the now Serbian explorer's 400,400oz Yandal gold project would be sold to Gateway Mining (ASX:GML) has cast attention on the players in and around the famous region. The Yandal gold belt is remote, located north-east of Leinster and Wiluna in WA's Northern Goldfields. But it's a key cog in the machine that is Australia's largest gold producer Northern Star, producing over 500,000ozpa from a string of mines cornerstoned by the legendary Jundee gold operations. That remoteness means it is vastly underexplored compared to other famous gold belt's like WA's Kalgoorlie, but a high price is attributed to ounces owing to Northern Star's magnetic influence. The Strickland deal values its resources – and inferred resources at that – at $112 per ounce. It's a tantalising yardstick for Albion Resources (ASX:ALB) and its CEO Peter Goh as it kicks off reverse circulation drilling at the Yandal West gold project at a market cap of just $9 million. "It's very exciting and it validates our strategy, Obviously, we're heavily invested in exploring Yandal West and that transaction shows the market recognises the value in early stage assets in the region," Goh said. "Our focus is on high impact areas that we're drilling right now with the RC rig and this deal confirms this appetite for the land up there and discoveries within the region." Focus on Yandal grows Famously opened up when billionaire prospector Mark Creasy sold his Jundee and Bronzewing gold discoveries to Diamond Joe Gutnick's Great Central Mines in the 1990s in his first mega deals, the Strickland-Gateway deal isn't the only attention the Yandal district has received lately. Northern Star again showed its value in the company's massive gold portfolio, making guidance and delivering 518,000oz in FY25 according to an update delivered to the ASX last Monday. It will produce 500-550,000oz at all in sustaining costs of $2600-2900/oz in FY26 if NST's guidance is to be believed. At the earlier stage, buzz is growing around Yandal Resources (ASX:YRL). It has a 268,000oz resource at Flushing Meadows and 182,200oz at Mt McClure, which sits 10km along strike from NST's +1Moz Orelia mine. But it was the Siona discovery last year – in an intercept of 107m at 1g/t – that really put Yandal back on the map, with another emerging find at the Caladan Gold near Flushing Meadows sending the $55m junior's shares soaring last week. Hammer Metals (ASX:HMX) has also piqued interest, planning drilling at the Bronzewing South project, an infamous patch of dirt central to a notorious Warden's Court dispute between Mark Creasy and fellow prospector Leith Beal. Right next door to Siona, Albion is at an earlier stage, but the signs are that investors believe in the story. Wedged between the region's key poles 55km north of Bronzewing and 60km south of Jundee, since acquiring Yandal West in November from Great Western Exploration (ASX:GTE), Albion has seen its shares rerate, up 72.5%. That could get even more substantial if drilling turns up something like its neighbour has found. Historic drilling included highlights at the Ives Find prospect of 4m at 8.5g/t Au from 38m (IFRC004), 3m at 52.3g/t Au from 34m (IFRC005) and 6m at 4.7g/t Au from 54m, including 2m at 13.0g/t Au (IFRC017). The best results from the May Queen target west of the Barwidgee Fault returned 4m at 25g/t Au from 60m and 16m at 1.64g/t Au from 13m, with average drilling down to a depth of only 55m. Maiden drilling under way The first drill program under Albion, which started in late June, will be focused on the Colavilla workings, where between 3000-4000m of RC holes will be sunk. " We know that this gold mineralisation there is relatively shallow – most of the old hits were within 50 metres," Goh said. "The opportunity for Albion is to identify more mineralisation there and see where it goes. " Next the drill rig is going to move down to Colovilla East and Colovilla West. "We've put out to the market some very strong chargeability targets going down to about 300m in depth. "So we're really excited to hit those – there are gold rock chips found above some of these targets, there are quartz veins and outcropping as well, above Colovilla East. "It's got all the smoke there for a discovery." Gateway's gambit, which follows the sale of its interests in the Sandstone gold district to Brightstar Resources (ASX:BTR), shows just how prized resources Albion could find are in the belt. "We've got $4 million in the bank as of last quarter so we're trading at an EV (enterprise value) of about $4 million," Goh said. "If you look at that compared to the peers in the area, you look to that Gateway transaction there we're just a smidgen of what they are. "So we've got high leverage to discovery success for sure."
South China Morning Post
20-06-2025
- Automotive
- South China Morning Post
Hong Kong advised to develop Formula 1 roots before bidding to host a grand prix
Hong Kong should focus on developing a greater motorsports culture before bidding to host a Formula 1 race, a top official from the sport's governing body has told the Post. Speaking on the sidelines of the annual conference of the Federation Internationale de l'Automobile (FIA) in Macau, Valerio Iachizzi suggested that focusing on karting and esports would be a better use of time and resources. For Iachizzi, who as the governing body's secretary general for sport has responsibility for its 149 member clubs and community organisations, 'enlarging the base of the pyramid' was the primary goal, with events marking the pinnacle of motorsport coming afterwards. But with Bangkok on track to join an F1 calendar that already includes Shanghai and Singapore, there has been renewed interest in getting Hong Kong on the circuit. FIA secretary general for sport Valerio Iachizzi. Photo: FIA Iachizzi said he had spoken to Peter Goh, the CEO of the Hong Kong China Automobile Association (HKAA), and been told the government was 'pushing to get Formula 1'. Officials, though, would still have to convince the governing body, and find the billions of dollars needed to host an event.
News.com.au
18-05-2025
- Business
- News.com.au
Albion could host WA's next big gold play CEO Peter Goh says
Albion's new CEO Peter Goh is hunting for the next discovery in WA's Yandal gold province Yandal West project has the right geology in the right region with three mills nearby Company is confidence of project's potential considering current gold prices Albion Resources has a new CEO at the helm as it looks to unearth a major greenfields discovery in WA's Yandal gold province. The company holds the Yandal West project, which sits around 55km north of Northern Star Resources' (ASX:NST) Bronzewing gold mine and 60km south of its Jundee gold mine, a multi-million ounce district producing around 300,000ozpa. The region is, however, remote and remains underexplored as underlined by the success of neighbour Yandal Resources (ASX:YRL), which drew serious investor interest last year with the Siona gold discovery 20km southeast of Yandal West – 107m at 1g/t Au from 96m to end of hole. For new CEO Peter Goh, these are just some of the many X-factors that drew him to the role with Albion Resources (ASX:ALB). 'It's in the world class Yandal greenstone belt, and within 60km of us there's three processing plants, which was a huge strategic advantage and tick for me when I was doing my due diligence,' Goh said. 'Not only is this a big tick of approval for resource endowment in the area, with big players nearby, geologically we know there's gold mineralisation on the tenements, there's been historical drilling there, there's been historical mining there back in the 1900s and it's significantly underexplored. 'We think we can apply new exploration techniques and that will offer a really good opportunity in this rising gold market.' Gold bull market Coming from a background as a chartered accountant and an analyst building financial models with IPM Global before a stint in business development with Iluka Resources (ASX:ILU), Goh brings a wealth of knowledge and passion about junior resources and small caps to the company. With this background in financial analysis, when Goh says the company's finances are strong, he knows what he's on about. 'They've got $4m in the bank, a tight capital structure with only 132m shares on issue, and it has strong support from the top 20 shareholders, who have about 57% of the register,' Goh said. 'So with the geology and the finances, we have all the right ingredients to have some success here. 'When that opportunity came across my desk it was an easy decision to make the move over from the very structured role with Iluka into this small cap space, and I'm really excited about it.' That's a strong launching pad for a junior in the current gold market, with prices riding high at close to A$5000/oz. Don't need 1Moz to create value Goh notes that the landscape for gold exploration has shifted in the last few years, where historically juniors needed to demonstrate a pathway to 1Moz before really being taken seriously by the market and majors. Now some outperformers boast far smaller resources, which are cash printing machines with US dollar prices of around US$3150/oz. 'To the north of us is Strickland Metals (ASX:STK) who pulled up a 350,000oz deposit and they sold that to Northern Star (ASX:NST) for $61m in 2023,' Goh said. 'That's not a 1Moz deposit that's 350,000oz close to the Jundee mine. 'So that highlights that if processing plants are hungry, being close strategically offers some value for small scale deposits. 'We haven't started drilling and I don't want to get ahead of myself here, but you don't need that 1Moz mark to add value.' Goh also flagged new director Chris Tuckwell, who came along with the Yandal West acquisition, is another feather in the company's cap. 'That's a huge win for us,' he said. 'He has 11 years' experience with MACA, the mining contractor, so if we do have some success here, and obviously we've got to walk before we can run, but he will be invaluable to me and to the company as we try to unlock value for shareholders.' Earlier this month, the company announced two promising drill targets identified via a dipole induced polarisation survey which have never been touched by the drill bit and are expected to be encountered at shallow depths. Albion is just waiting on soil samples to come through, with heritage surveys underway and plans drill these promising new targets as part of its maiden campaign in June.
Herald Sun
18-05-2025
- Business
- Herald Sun
ALB CEO driving discovery at WA gold play
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Albion's new CEO Peter Goh is hunting for the next discovery in WA's Yandal gold province Yandal West project has the right geology in the right region with three mills nearby Company is confidence of project's potential considering current gold prices Albion Resources has a new CEO at the helm as it looks to unearth a major greenfields discovery in WA's Yandal gold province. The company holds the Yandal West project, which sits around 55km north of Northern Star Resources' (ASX:NST) Bronzewing gold mine and 60km south of its Jundee gold mine, a multi-million ounce district producing around 300,000ozpa. The region is, however, remote and remains underexplored as underlined by the success of neighbour Yandal Resources (ASX:YRL), which drew serious investor interest last year with the Siona gold discovery 20km southeast of Yandal West – 107m at 1g/t Au from 96m to end of hole. For new CEO Peter Goh, these are just some of the many X-factors that drew him to the role with Albion Resources (ASX:ALB). 'It's in the world class Yandal greenstone belt, and within 60km of us there's three processing plants, which was a huge strategic advantage and tick for me when I was doing my due diligence,' Goh said. 'Not only is this a big tick of approval for resource endowment in the area, with big players nearby, geologically we know there's gold mineralisation on the tenements, there's been historical drilling there, there's been historical mining there back in the 1900s and it's significantly underexplored. 'We think we can apply new exploration techniques and that will offer a really good opportunity in this rising gold market.' Gold bull market Coming from a background as a chartered accountant and an analyst building financial models with IPM Global before a stint in business development with Iluka Resources (ASX:ILU), Goh brings a wealth of knowledge and passion about junior resources and small caps to the company. With this background in financial analysis, when Goh says the company's finances are strong, he knows what he's on about. 'They've got $4m in the bank, a tight capital structure with only 132m shares on issue, and it has strong support from the top 20 shareholders, who have about 57% of the register,' Goh said. 'So with the geology and the finances, we have all the right ingredients to have some success here. 'When that opportunity came across my desk it was an easy decision to make the move over from the very structured role with Iluka into this small cap space, and I'm really excited about it.' That's a strong launching pad for a junior in the current gold market, with prices riding high at close to A$5000/oz. Peter Goh. Pic: ALB Don't need 1Moz to create value Goh notes that the landscape for gold exploration has shifted in the last few years, where historically juniors needed to demonstrate a pathway to 1Moz before really being taken seriously by the market and majors. Now some outperformers boast far smaller resources, which are cash printing machines with US dollar prices of around US$3150/oz. 'To the north of us is Strickland Metals (ASX:STK) who pulled up a 350,000oz deposit and they sold that to Northern Star (ASX:NST) for $61m in 2023,' Goh said. 'That's not a 1Moz deposit that's 350,000oz close to the Jundee mine. 'So that highlights that if processing plants are hungry, being close strategically offers some value for small scale deposits. 'We haven't started drilling and I don't want to get ahead of myself here, but you don't need that 1Moz mark to add value.' Goh also flagged new director Chris Tuckwell, who came along with the Yandal West acquisition, is another feather in the company's cap. 'That's a huge win for us,' he said. 'He has 11 years' experience with MACA, the mining contractor, so if we do have some success here, and obviously we've got to walk before we can run, but he will be invaluable to me and to the company as we try to unlock value for shareholders.' The Yandal West Project on the Yandal Greenstone Belt and major gold mines and discoveries and nearby operating companies. Pic: ALB Earlier this month, the company announced two promising drill targets identified via a dipole induced polarisation survey which have never been touched by the drill bit and are expected to be encountered at shallow depths. Albion is just waiting on soil samples to come through, with heritage surveys underway and plans drill these promising new targets as part of its maiden campaign in June. At Stockhead, we tell it like it is. While Albion Resources is a Stockhead advertiser, it did not sponsor this article. Originally published as Albion could host WA's next big gold play CEO Peter Goh says
