Albion Resources Secures 100% Interest in Gidgee Gold Project, WA

Albion Resources Locks In Gidgee Gold Project, Setting the Stage for Near-Term Drilling in WA's Proven Gum Creek Belt

Albion Resources Limited (ASX: ALB) has formally exercised its option to acquire a 100% interest in the Gidgee Gold Project, a move that secures the company a foothold in one of Western Australia's most historically productive gold corridors. Albion Resources acquires the Gidgee Gold Project in WA following a comprehensive due diligence program that confirmed the project's exploration credentials and cleared the path toward an initial drilling campaign.

With soil assay results expected in mid to late May, walk-up drill targets already identified, and heritage clearance processes underway, Albion is moving with purpose to convert geological promise into drill results.

Securing a Strategic Position in a Proven Gold Belt

The Gidgee Gold Project sits within the Gum Creek Greenstone Belt of Western Australia — a region with a well-established track record of gold production and a history of significant mineralisation across multiple deposits.

The project spans approximately 90 km² of prospective greenstone tenure, underpinned by structural architecture that is highly favourable for gold discovery. Critically, the tenure is transected by approximately 12 km of major regional shear zones, including the Tokey and Wilson Shear Zones — structural features that are well understood to control gold mineralisation across the belt.

Key project attributes at a glance:

• 90 km² of prospective greenstone tenure
• ~12 km of major regional shear zones traversing the tenements (Tokey and Wilson Shear Zones)
• Multiple walk-up drill targets already identified through fieldwork and technical review
• Existing geophysical datasets available to support drill target prioritisation
• Historical drilling confirming broad gold mineralisation with high-grade intervals
• ~1,000 soil samples recently completed, with assay results due mid to late May

"The exercise of the Gidgee option represents an important step for Albion, securing a high-quality gold exploration asset with a clear pathway to drilling. The Project benefits from its location within a proven gold belt, supported by strong geological foundations and multiple walk-up targets already identified. With geophysical data supporting target prioritisation and key workstreams underway, we are well positioned to move quickly towards drilling and look forward to updating the market as results are received."
— Peter Goh, CEO, Albion Resources Limited

What History Has Already Told Us: Strong Drilling Precedents

One of the more compelling aspects of the Gidgee acquisition is the quality of historical drilling data already on record. Previous exploration programs across the tenements have intersected broad zones of gold mineralisation — including some notably high-grade components — providing a strong foundation for Albion's targeting approach.

These results are not resource estimates — they represent historical exploration intercepts that demonstrate the mineralisation system is reported to be real, present, and capable of delivering high-grade intervals within broader mineralised envelopes. For an early-stage explorer, this kind of data significantly de-risks the initial drilling decision and helps justify prioritised allocation of exploration capital.

The company cautions that the potential economic significance of these results has not yet been established, and furthermore, additional work is required before any conclusions regarding resources or development can be drawn.

Understanding Greenstone Belts: Why Geology Matters Here

What Is a Greenstone Belt?

Greenstone belts are ancient sequences of volcanic and sedimentary rocks, typically found in the cores of cratons — stable, ancient portions of continental crust. They are among the world's most prolific hosts of orogenic gold deposits, which is the style of mineralisation responsible for many of Australia's major gold discoveries.

In Western Australia, greenstone belts like the famous Yilgarn Craton have produced some of the largest gold mines on the planet. The Gum Creek Greenstone Belt, where Gidgee sits, belongs to this same family of highly prospective geological terranes.

Why Does This Matter to Investors?

• Greenstone-hosted gold systems are well understood by the mining industry, making them easier to explore and ultimately develop
• The structural controls — such as shear zones and lithological contacts — that focus gold mineralisation are identifiable through geophysics and surface geology, which are exactly the tools Albion is deploying
• The presence of multiple historical deposits and production centres within the same belt provides strong analogues for what Albion may encounter at Gidgee

Key Terms Glossary

A Capital-Efficient Acquisition Structure

The transaction structure reflects a capital-disciplined approach to asset acquisition — a meaningful consideration for investors tracking how management allocates resources at this stage of the company's development.

Key transaction details include the following:

• Completion is expected within 30 days, subject to standard tenement transfer processes
• Shares are to be issued using the company's existing placement capacity
• The milestone-linked component aligns vendor and Albion incentives — the final payment is only triggered if a JORC resource is established

This structure means Albion has effectively secured 100% ownership of a 90 km² gold exploration asset in a proven belt for a total upfront cost of $240,000 — a modest outlay that preserves working capital for the exploration programs that follow.

What Happens Next: A Clear Exploration Roadmap

Albion has laid out a well-sequenced pathway from current fieldwork through to drilling. The company is not waiting — multiple workstreams are running in parallel, which should consequently compress the timeline from acquisition to drill bit.

The sequencing is logical and methodical:

1. Soil geochemistry defines anomalous areas and ranks targets
2. Ground truthing confirms targets are geologically sound at surface
3. Heritage clearance is completed in parallel to avoid delays
4. Drilling commences, targeting the highest-ranked zones
5. Geophysical datasets already in hand are used throughout to refine subsurface interpretation

The CEO has indicated drilling is expected to commence "as soon as practicable" following completion of heritage and access processes — suggesting this is a near-term catalyst rather than a distant aspiration.

The Investment Case: Why Gidgee Matters for Albion Shareholders

The acquisition of the Gidgee Gold Project is not simply about adding tenement area — it is about giving Albion a credible, drill-ready asset in a belt where gold mineralisation has already been demonstrated, with a structured timeline to catalysts that can drive market attention.

Several factors underpin the investment case:

1. Proven belt, de-risked entry point
The Gum Creek Greenstone Belt has a documented history of gold production and resource definition. Albion is not exploring in a geological vacuum — it is entering a belt where the mineralising system is understood and analogues exist.

2. Multiple walk-up targets, ready to drill
The combination of historical drilling intercepts, existing geophysics, recent field observations, and ~1,000 soil samples in process means Albion enters the drilling phase with a high degree of target confidence relative to typical early-stage explorers.

3. Capital-light acquisition preserves exploration firepower
At a total upfront cost of $240,000, the transaction leaves Albion's treasury available for the exploration programs that matter most — soil follow-up, geophysics, and drilling.

4. Near-term news flow
With soil assay results due mid to late May and drilling planning already underway, Albion shareholders can expect a series of material updates over the coming months — a feature that tends to attract market attention to small-cap explorers.

5. Management has skin in the game
The CEO's on-site presence during fieldwork signals hands-on management involvement. Field engagement at this stage of exploration typically correlates with faster target definition and more informed decision-making.

Why Investors Should Keep Albion on Their Radar

Albion Resources has moved deliberately and efficiently since securing the Gidgee option in March 2026 — completing a full due diligence program, conducting site visits, completing approximately 1,000 soil samples, and now formally exercising the option to acquire full ownership. That sequencing reflects disciplined project evaluation.

The company now holds a 100% interest in a 90 km² gold exploration project in a proven Western Australian greenstone belt, with walk-up targets identified, near-term soil results imminent, and drilling on the near-term horizon.

For investors focused on early-stage gold exploration in Western Australia — a jurisdiction with world-class infrastructure, established regulatory frameworks, and a long history of major gold discoveries — the fact that Albion Resources acquires the Gidgee Gold Project in WA offers a tightly structured, catalyst-rich story at an early point in its exploration lifecycle.

The combination of historical drilling precedents, multiple identified targets, existing geophysical data, and the company's systematic approach to advancing the project creates a compelling near-term exploration story. Furthermore, with assay results expected mid to late May and drilling planned to commence as soon as heritage processes are completed, the next few months should provide multiple opportunities for market-moving updates.

Albion Resources has positioned itself for a catalyst-rich second half of 2026, having secured 100% ownership of the Gidgee Gold Project in WA's Gum Creek Greenstone Belt for a capital-efficient $240,000 upfront. With soil assay results due mid to late May, walk-up drill targets already identified, and heritage clearance progressing in parallel, the pathway to drilling is clear and near-term. Investors with an appetite for early-stage gold exploration in proven Western Australian geology should be watching Albion closely as results begin to flow.

Ready to Learn More About Albion Resources and the Gidgee Gold Project?

With 100% ownership of a 90 km² gold exploration asset in WA's proven Gum Creek Greenstone Belt, walk-up drill targets already identified, and soil assay results due mid to late May, Albion Resources (ASX: ALB) is building toward what could be a catalyst-rich period for investors. To learn more about the company, the Gidgee Gold Project, and how Albion is positioning itself for near-term drilling in one of Western Australia's most historically productive gold corridors, visit albionresources.com.au.