Maritana Lifts Burbanks Resource 62% to 755koz Gold

Maritana (ASX:MRT) has updated the Mineral Resource Estimate for its 100%-owned Burbanks Gold Project after Phase 1 drilling, lifting the deposit by 62% and taking the group gold inventory to 2.1 Moz.

The project-wide estimate is 13.7Mt at 1.7g/t Au for 755koz, reported at a 0.5g/t Au cut-off for open pit material (above 180mRL) and a 1.0g/t Au cut-off for underground material (below 180mRL). It supersedes 6.1Mt at 2.4g/t Au for 466koz previously reported. Open pit is 10.6Mt at 1.45g/t Au for 496koz and underground is 3.1Mt at 2.63g/t Au for 259koz, an overall increase of 290koz or 62%. The Indicated component of the Burbanks Mineral Resources increased to 29%. Most growth is in Burbanks North, now 11.1Mt at 1.47g/t Au for 523koz. Burbanks sits 9km south of Coolgardie in the Western Australian Goldfields. The Maritana Minerals Limited Group Mineral Resource Statement now totals 41.8 Mt for 2.1 Moz of gold. Burbanks Open Pit currently contributes 128.8koz (recovered) to the Black Swan Processing Hub life-of-mine plan. Phase 2 drilling is complete, with results reported for the first 11 of 20 holes; all Phase 2 results are to be included in a Mineral Resource update in the January quarter 2027.

No Ore Reserve has been declared for Burbanks; Ore Reserve studies are to follow. Burbanks Underground is not included in the life-of-mine plan. Mineralisation remains open at depth and along strike.