Maritana Final Boorara Drilling: 20m at 7.77 g/t Gold

Maritana (ASX:MRT) reported results from the final 52 of 119 reverse circulation drill holes at its Boorara Gold Project near Kalgoorlie-Boulder, which it says increase resource confidence ahead of an updated Mineral Resource Estimate due in the March 2027 quarter.

Infill intercepts include 20m @ 7.77 g/t Au from 100m, including 2m @ 54.04 g/t Au from 114m (BOORD260054), and 19m @ 1.63 g/t Au from 108m (BOORD260056). Two holes drilled down plunge and down dip returned 36m @ 3.53 g/t Au from 142m, including 1m @ 62.44 g/t Au from 156m (BOORD260149), below the bottom of Pit 4, and 12m @ 1.28 g/t Au from 12m (BOORD260148). The company says the results extend mineralisation below the floor of the planned southern open pit, which is scheduled to start mining in mid-2027. Boorara is one of the key Life of Mine ore sources for the Black Swan Processing Hub, and the drilling is part of a campaign of about 60,000m. Diamond drilling for mining assumptions and QAQC is planned in the coming months.

The two down plunge and down dip holes are not true width. Holes BOORD260052 and BOORD260053 stopped early with mineralisation at end of hole, which Maritana does not expect to affect the update materially. The release gives no new resource figure, and pit optimisation and Ore Reserve updates are still to follow.