Dundas Minerals Identifies New Gold Exploration Targets in Western Australia

Dundas Minerals Stakes Major Position in Underexplored Gerry Well Greenstone Belt

Dundas Minerals (ASX: DUN) has secured a commanding 612km² tenement position in the northern Gerry Well greenstone belt of Western Australia, positioning itself as the dominant explorer in a region with enhanced gold potential following recent geological reassessment.

Strategic Expansion into High-Potential Gold Territory

In a significant expansion move, Dundas Minerals has acquired exploration rights across a substantial portion of the Gerry Well greenstone belt through agreements with Tambourah Metals Limited and GTT Metals Group Pty Ltd. This strategic acquisition follows a 2022 Geological Survey of Western Australia (GSWA) study that identified previously unrecognised Sanukitoid rocks within the belt – a geological feature with strong spatial correlation to gold mineralisation throughout the Eastern Goldfields.

"Securing exploration rights across such a large and relatively under-explored greenstone belt in Western Australia, where enhanced prospectivity for gold mineralisation has only recently been recognised by GSWA, is a significant achievement for the Company," said Managing Director Shane Volk.

The acquisition is particularly noteworthy as the region has seen limited gold exploration since the early 2000s, with previous explorers primarily focused on nickel sulphides. This presents Dundas Minerals with a fresh opportunity to apply modern gold exploration techniques to an area that has been largely overlooked for its gold potential.

Immediate Advanced Targeting Program Planned

Dundas Minerals has already engaged SensOre Limited, a technology-driven exploration targeting consultancy, to commence a comprehensive gold exploration targeting program immediately following settlement of the transactions. This approach combines:

• Public domain datasets
• Historical exploration data
• New data acquired through these transactions
• Advanced targeting methodology

The project area features both outcropping greenstone and extensions under shallow cover that have been confirmed by limited historical drilling and gravity imaging. This geological configuration is favourable for the Dundas Minerals gold exploration strategy, as it provides both visible surface targets and hidden potential beneath shallow cover.

Deal Structure: Strategic Acquisition Terms

The company has structured its acquisition through two separate agreements:

1. Tambourah Metals Agreement:

• $50,000 cash payment
• Tambourah retains nickel mineral rights
• Covers exploration licences E38/3153 and E38/3741

2. GTT Metals Group Agreement:

• $40,000 cash payment for a 12-month option period
• Upon exercising the option on any/all tenements:
  • $20,000 cash payment
  • $200,000 in Dundas shares
  • Potential $1,000,000 share payment if a 750,000+ ounce gold resource is defined within 4 years

• Covers seven exploration licences totaling approximately 422km²

This deal structure demonstrates a capital-efficient approach to securing a significant land position, with modest upfront payments and performance-based consideration tied to exploration success.

Understanding Sanukitoid Rocks: Why This Matters for Gold Investors

Sanukitoid rocks are a specific type of igneous rock that forms during the late stages of craton formation (a craton being an ancient, stable part of the Earth's continental crust). These rocks are characterised by their distinctive geochemical signatures and formation in specific tectonic settings.

For investors considering Dundas Minerals gold exploration potential, the presence of Sanukitoid rocks is significant for several reasons:

1. Proven Gold Association: There is a widely acknowledged spatial relationship between these rock types and substantial gold deposits throughout the Yilgarn Craton of Western Australia.

2. Recent Recognition: The 2022 GSWA study's identification of these previously unrecognised rocks at Gerry Well effectively upgrades the entire belt's gold prospectivity.

3. Technical Advantage: Modern understanding of the relationship between Sanukitoids and gold mineralisation provides Dundas with targeting insights that weren't available to previous explorers.

For investors, this represents a case of applying contemporary geological understanding to an area that has been overlooked for gold exploration for decades – potentially unlocking value in a region surrounded by multi-million-ounce gold deposits.

Regional Context: Positioned Among Major Gold Systems

The Gerry Well greenstone belt sits within a highly prospective region of Western Australia's goldfields. The project is positioned in a geological landscape that hosts numerous major gold operations, including:

• Jundee (>10M oz)
• Wiluna
• Bronzewing
• Darlot
• Agnew (>2.5M oz)

This regional setting reinforces the potential for significant gold discoveries within the Gerry Well belt, particularly with the application of modern exploration techniques and updated geological understanding.

The proximity to established mining operations also provides practical advantages for any future development scenarios, including access to infrastructure, processing facilities, and mining expertise within the region.

Greenstone Belts: Foundation of Australia's Gold Industry

Greenstone belts form the geological foundation of Australia's gold industry and understanding their significance provides important context for Dundas Minerals gold exploration strategy.

Greenstone belts are ancient volcanic and sedimentary rock formations that have been metamorphosed over billions of years. They are known globally as highly prospective environments for gold and other precious metals for several key reasons:

1. Favourable Host Rocks: Greenstone belts contain rock types that are chemically and physically conducive to gold deposition and preservation.

2. Structural Complexity: The folding and faulting within greenstone belts creates pathways for gold-bearing fluids and structural traps where gold can concentrate.

3. Age Correlation: Many of the world's major gold deposits are hosted in rocks of similar age to those found in greenstone belts.

4. Historical Productivity: Western Australia's greenstone belts have historically yielded significant gold discoveries, with many deposits exceeding one million ounces.

The Gerry Well greenstone belt shares these characteristics but has received comparatively little focused gold exploration, creating an opportunity for Dundas Minerals to apply modern exploration techniques to potentially make significant discoveries.

Future Timeline and Investor Milestones

Dundas has outlined several near-term steps and milestones:

1. August 2025: General meeting of shareholders to seek approval for the future issue of shares related to the GTT option agreement
2. Immediate: Commencement of SensOre's gold exploration targeting program following transaction settlement
3. 12-month option period: Evaluation of gold potential across the GTT tenements
4. 4-year window: Potential resource definition triggering success-based payment

These milestones provide investors with clear markers to track the company's progress in evaluating and potentially developing the Gerry Well project.

Advanced Targeting Technology: The SensOre Partnership

A key component of Dundas Minerals gold exploration strategy is its immediate partnership with SensOre Limited. This collaboration brings advanced targeting technology to bear on the Gerry Well project, potentially accelerating the discovery process.

SensOre utilises machine learning and artificial intelligence approaches to integrate and analyse multiple datasets, identifying patterns and correlations that might not be apparent through traditional exploration methods. This approach is particularly valuable in regions like Gerry Well where:

1. Historical exploration data exists but may have been collected for different mineral targets (nickel rather than gold)
2. Modern geological understanding (like the recognition of Sanukitoid rocks) changes the interpretation of existing data
3. Large areas require efficient prioritisation to focus field efforts

By combining SensOre's targeting technology with its dominant land position, Dundas Minerals is positioned to conduct a systematic, technology-driven exploration program across the Gerry Well greenstone belt.

Why Investors Should Track Dundas Minerals

This acquisition positions Dundas Minerals with several compelling investment attributes:

1. First-mover advantage in applying modern gold exploration techniques to a region primarily explored for nickel
2. Scale opportunity with 612km² of tenements in a belt with newly recognised gold potential
3. Capital-efficient deal structure with modest upfront payments and performance-based consideration
4. Technical leverage through immediate partnership with SensOre's targeting technology
5. Regional context within a gold-rich province containing multiple multi-million-ounce deposits

The Gerry Well acquisition complements Dundas's existing portfolio, which includes the advanced-stage gold project north of Kalgoorlie, creating a balanced exploration pipeline with both near-term development potential and longer-term discovery opportunities.

Conclusion: Strategic Position in an Emerging Gold District

Dundas Minerals has established a dominant position in the northern Gerry Well greenstone belt at a time when new geological understanding has enhanced the region's gold prospectivity. By combining extensive land holdings with advanced targeting technology and a capital-efficient acquisition strategy, the company offers investors exposure to potential gold discoveries along strike in a proven gold province.

The recognition of Sanukitoid rocks in the belt provides a geological foundation for Dundas Minerals gold exploration program, while the engagement of SensOre brings technological sophistication to the targeting process. With multiple milestones ahead and a clear path to evaluating the belt's gold potential, Dundas Minerals presents investors with a compelling exploration opportunity in Western Australia's goldfields, similar to how Great Boulder Resources announces new gold targets at their Side Well project.

Additionally, the company's strategy aligns with broader industry trends where Hammer Metals discovers powerful EM conductors and other explorers like Vital Metals secure funding to advance significant projects. Furthermore, the approach mirrors successful exploration models where companies like Altaire Minerals confirm high-grade systems in their project areas.

Key Takeaway:
"Dundas Minerals has positioned itself as the dominant explorer in a greenstone belt with recently upgraded gold potential, located in one of Australia's premier gold regions. The company's strategic acquisition approach, immediate application of advanced targeting technology, and balanced project portfolio offer investors exposure to both near-term and discovery-stage gold opportunities in Western Australia."

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