We've completed a new round of soil sampling at Stony Creek, part of our Lammerlaw Gold Project in New Zealand, and the results give us several promising spots to chase up rather than just one.

Across 143 new soil samples spanning 5.4 km, we found multiple arsenic, antimony and tungsten anomalies clustered within a 3.2 km stretch. The standout was sample A1583, which returned 238 ppm arsenic and 25 ppm antimony, well above the programme's median. Ten samples in total came back at or above 30 ppm arsenic, and several also showed elevated antimony or tungsten in the same spots.

Why does this matter? These three elements together are classic pathfinders geologists use to home in on the type of gold system (orogenic gold) that this part of New Zealand is known for. Finding them together, in an area that already has historic antimony workings and other supporting geophysical signals, adds to our confidence that we're looking in the right place. It's worth being clear though: this is soil chemistry, not gold assays. No gold has been measured yet, and these are portable field readings rather than laboratory results.

Lammerlaw is a large, 410 km² permit and remains entirely undrilled. What this programme has done is narrow that ground down to specific areas worth a closer look. Next up is infill sampling, geological mapping, rock-chip collection and laboratory assays, work that will tell us whether any of these targets justify drill testing.

If you have questions about this announcement, we'd encourage you to ask them through the investor hub.