E79 Gold Completes Strategic Acquisition in Western Australia
E79 Gold Mines Limited has successfully completed its acquisition of Cue Metals, securing a 90% stake in the highly prospective Cue Gold Project located in Western Australia's renowned Murchison Gold Province. The E79 Gold Mines Cue Gold Project Acquisition completion marks a significant milestone for the company, positioning it with prime exploration assets adjacent to major gold operations.
The acquisition, finalised on 4 December 2025, involved the issuance of 14.3 million shares valued at $300,000, with additional deferred consideration tied to specific milestones. As part of the transaction, experienced mining executive Matthew Bowles has joined E79 Gold's board as Non-Executive Director, bringing over two decades of industry expertise including his recent success leading Alto Metals' 1Moz Sandstone Gold Project.
Immediate Exploration Programme Set to Commence
E79 Gold has wasted no time in planning aggressive exploration activities at the newly acquired project. Furthermore, the company has scheduled a project-wide ground gravity programme to begin in mid-December 2025, with completion expected within 6-8 weeks including processing.
Key exploration details:
• High-resolution gravity survey to map cross-cutting fault structures
• Gravity crews mobilising to site in mid-December 2025
• All exploration contracts signed and awaiting contractor availability
• Heritage agreements being drafted to enable tenure grant applications
CEO Ned Summerhayes commented:
"On-ground exploration will start immediately with a high-resolution gravity survey to commence in mid-December. This dataset is crucial to mapping the cross-cutting faults that bring mineralising fluids through the favoured host dolerite."
The gravity survey represents a critical first step in understanding the project's geological framework. In addition, this data will help define and map gold-fertile structures across the 65 km² project area.
Strategic Asset in Prime Gold Territory
The Cue Gold Project sits in an exceptionally prospective location within the Day Dawn Goldfield, immediately south of Westgold's renowned Great Fingall Gold Mine. Consequently, this positioning places E79 Gold's asset within a district that has historically produced significant gold resources and continues to host active mining operations.
Project location highlights:
• Situated in the highly prospective Murchison Gold Province
• Covers approximately 65 km² in the Day Dawn Goldfield
• Adjacent to established gold mining operations
• Access to existing infrastructure and mining expertise in the region
The Murchison Gold Province has been endowed with over 30 million ounces of gold, making it one of Western Australia's premier gold districts. For instance, the strategic positioning of the E79 Gold Mines Cue Gold Project Acquisition within this proven geological terrain provides significant exploration upside potential.
Understanding Gravity Surveys in Gold Exploration
For investors new to mining exploration, gravity surveys represent a fundamental geophysical technique used to map subsurface geological structures. These surveys measure variations in Earth's gravitational field caused by different rock densities beneath the surface.
Why gravity surveys matter for gold exploration:
• Identify fault systems that control gold mineralisation
• Map geological contacts between different rock types
• Define structural trends that guide future drilling programmes
• Cost-effective method for regional-scale exploration
In gold exploration, gravity data is particularly valuable for mapping the structural controls that channel gold-bearing fluids through favourable host rocks. Furthermore, for the Cue Gold Project, this dataset will be crucial in targeting future drilling programmes and understanding the project's mineralisation potential.
Board Strengthened with Industry Veteran
The appointment of Matthew Bowles as Non-Executive Director significantly strengthens E79 Gold's leadership team. Moreover, Bowles brings a proven track record in corporate growth, mergers and acquisitions, and investor relations, with particular expertise in gold exploration and development.
Matthew Bowles' credentials:
• Over 20 years of mining industry experience
• Former Managing Director of Alto Metals Ltd
• Led development of the 1Moz Sandstone Gold Project
• Successfully navigated Alto Metals' takeover by Brightstar Resources
• Currently Managing Director of Indiana Resources Limited
Bowles played a key role in securing the Cue Gold Project opportunity for E79 Gold. Additionally, his continued involvement as a board member ensures the company maintains access to his strategic insights and industry networks.
Financial Structure and Acquisition Terms
The E79 Gold Mines Cue Gold Project Acquisition demonstrates the company's disciplined approach to value creation, structuring the deal with milestone-based deferred payments that align with exploration success.
| Payment Component | Value | Timing | Shares Issued |
|---|---|---|---|
| Completion Payment | $300,000 | 4 December 2025 | 14.3 million |
| Deferred A Payment | $600,000 | Upon tenement transfer | 28.6 million |
| Deferred B Payment | $300,000 | Upon tenure grant | 14.3 million |
| Total Consideration | $1.2 million | Within 3 years | 57.2 million |
Additionally, E79 Gold has secured option agreements over six tenements with milestone-based payments ranging from $50,000 for a maiden JORC resource to $500,000 for resources exceeding 500,000 ounces of gold. This structure provides significant leverage to exploration success while managing upfront capital requirements.
Expanding Portfolio of High-Quality Assets
The Cue Gold Project acquisition expands E79 Gold's already impressive portfolio, which comprises approximately 2,336 km² of highly prospective ground across proven geological terrains. However, this latest addition significantly enhances the company's position in Western Australian gold exploration.
E79 Gold's diversified project portfolio:
• Laverton South Project – Laverton Tectonic Zone (30M+ oz Au endowment)
• Mountain Home Project – Northern Territory (copper, gold, diamonds)
• Murchison Project – Joint venture with Scorpion Minerals
• Cue Gold Project – Newly acquired flagship asset
This diversification across multiple commodities and geological settings provides investors with exposure to various exploration upside scenarios. Furthermore, it maintains focus on proven mineral districts whilst reducing overall risk.
Why Investors Should Follow E79 Gold
E79 Gold has positioned itself as an emerging force in Australian gold exploration, with strategic assets in tier-one geological provinces and a management team with proven track records. Consequently, the successful completion of the E79 Gold Mines Cue Gold Project Acquisition represents a significant step in the company's evolution from explorer to potential developer.
Key investment highlights:
• Strategic positioning in proven gold districts with established infrastructure
• Experienced management with successful track records in resource development
• Disciplined acquisition strategy with milestone-based payment structures
• Immediate exploration catalysts with gravity survey commencing mid-December
• Portfolio diversification across multiple commodities and geological settings
The company's motto "Money in the ground" reflects its focus on discovering and developing economic mineral deposits. Furthermore, with the Cue Gold Project now under E79 Gold's control and immediate exploration activities planned, investors have clear near-term catalysts to monitor.
What Lies Ahead?
The timing of this acquisition is particularly strategic, with gold prices remaining strong and investor interest in quality exploration assets continuing to grow. In addition, E79 Gold's combination of prime real estate, experienced leadership, and immediate exploration plans positions the company as one to watch in the Australian gold exploration sector.
However, the success of the E79 Gold Mines Cue Gold Project Acquisition will ultimately depend on exploration results and the company's ability to define economic mineral resources. The upcoming gravity survey will provide crucial data to guide future exploration programmes and determine the project's potential for hosting significant gold deposits.
The company works to unlock value from this highly prospective asset, providing shareholders with exposure to one of Western Australia's most endowed gold provinces. Moreover, the disciplined approach to the acquisition structure demonstrates management's commitment to value creation whilst maintaining financial prudence in an exploration environment.
Could E79 Gold Be Your Next Strategic Gold Investment?
With the Cue Gold Project acquisition now complete and immediate exploration activities set to commence mid-December, E79 Gold is positioned at a pivotal moment in its development. The company has secured a prime 65 km² asset in Western Australia's proven Murchison Gold Province, strengthened its board with industry veteran Matthew Bowles, and outlined clear near-term catalysts including the upcoming gravity survey programme. For investors seeking exposure to quality gold exploration opportunities with experienced management and strategic positioning in tier-one geological terrain, discover more about E79 Gold's expanding portfolio and upcoming exploration milestones at e79gold.com.au.
