Albion Resources Identifies Eight New Gold Targets at Gidgee Project

Albion Resources Expands Gidgee Gold Project with Eight New Targets Across 19km of Prospective Shear Corridors

Albion Resources Limited (ASX: ALB) has significantly expanded the exploration footprint of its Albion Resources Gidgee Gold Project eight new gold targets in Western Australia, announcing the identification of eight new gold target areas following the completion of a comprehensive soil geochemistry program. The results materially broaden the Company's exploration pipeline beyond its already advanced German Well South prospect, establishing Gidgee as a multi-target project distributed across more than 19km of structurally prospective shear corridors.

The program comprised approximately 976 ultrafine fraction soil samples, systematically collected across the 90km² project area in the Gum Creek Greenstone Belt — a historically productive gold district in Western Australia's East Murchison region.

From Single Prospect to Multi-Target Project: What the Soil Results Reveal

The headline result from this geochemistry campaign is straightforward: Albion now has eight clearly defined, named target areas to work with, in addition to German Well South — its highest-priority, drill-ready prospect. These targets are not isolated anomalies. Each sits along the same regional shear corridor networks that host known gold deposits elsewhere in the Gum Creek Belt, lending geological credibility to the new discoveries.

The soil sampling program was designed on a 200m × 100m grid spacing at German Well South and a 400m × 100m spacing across the broader project area, providing systematic coverage at an appropriate density for early-stage target identification. Critically, many of the anomalies are corroborated by multiple lines of evidence — historical drill intersections, historical workings, artisanal prospecting activity, and elevated pathfinder elements including bismuth and silver.

"These results are highly encouraging and have materially strengthened the exploration potential of the Gidgee Gold Project. What is particularly exciting is that the soil program has now identified eight additional target areas along the same major shear corridors that host many of the known gold deposits within the Gum Creek Belt. The results demonstrate that Gidgee is evolving from a single prospect into a project containing multiple priority exploration targets." — CEO Peter Goh

Breaking Down the Eight New Targets

The table below summarises the eight newly identified targets alongside the advanced German Well South prospect, providing a snapshot of each anomaly's scale, associated structures, and corroborating evidence.

The soil dataset also produced some noteworthy statistical context across all 976 samples:

The silver-in-soil dataset independently corroborates several of the gold anomalies — particularly German Shaft, Virgo North, Tokey North, and Silver Tokey — reinforcing the structural interpretation and adding confidence to these as genuine mineralised targets rather than background noise.

Understanding Ultrafine Fraction Soil Geochemistry: A Beginner's Guide

What Is It?

Ultrafine fraction soil geochemistry — sometimes called "UF Soil Sampling" — involves collecting soil samples from shallow depths (typically 20–30 cm) and isolating the very finest particles, those smaller than 2 micrometres (µm). These ultra-small particles are particularly effective at capturing trace amounts of metals that have migrated upward from mineralised zones below the surface, even when those zones are covered by thin layers of transported material.

Why Does It Matter for Investors?

In greenstone belt environments like the Gum Creek Belt, gold deposits are often concealed beneath shallow cover, making them invisible to traditional surface sampling. UF soil methods are specifically designed to detect this "hidden" mineralisation. When an anomaly is identified using this technique, it provides meaningful evidence that something mineralised may lie beneath.

Furthermore, when that anomaly correlates with structural features like shear zones, historical workings, and pathfinder elements like bismuth and silver, the confidence level increases substantially.

Glossary of Key Terms Used in This Announcement

• Shear corridor / shear zone: A zone of intense deformation in the Earth's crust along which rocks have been displaced. In greenstone belts, these are the primary pathways for gold-bearing fluids and therefore the most prospective targets for gold exploration.
• Pathfinder elements: Chemical elements (such as bismuth, silver, arsenic) that are commonly associated with gold mineralisation and can be detected at low concentrations in soils, helping to identify areas where gold may be present at depth.
• g/t Au: Grams of gold per tonne of rock — the standard measure of gold grade. Higher g/t generally indicates more economically significant mineralisation.
• ppb Au: Parts per billion gold — used for soil geochemistry results where concentrations are very low. Elevated ppb readings in soils can indicate gold mineralisation at depth.
• RAB drilling: Rotary Air Blast drilling, a relatively shallow and low-cost drilling method. Much of the historical drilling at Gidgee was RAB, meaning deeper mineralisation remains largely untested by modern methods.
• Aircore / RC drilling: More advanced drilling methods capable of reaching greater depths and providing better sample quality than RAB, allowing for more reliable assessment of mineralisation.

German Well South: The Advanced Drill-Ready Anchor Target

While the eight new targets capture attention for their scale and number, German Well South remains Albion's highest-priority target and is considered drill-ready. Historical drilling at this prospect delivered standout intersections:

• 21m @ 5.4 g/t Au, including 1m @ 37.1 g/t Au (GNRC027)
• 16m @ 5.5 g/t Au, including 1m @ 60.9 g/t Au (12GWRC010)
• 15m @ 2.1 g/t Au (12GWRC013)

Critically, mineralisation remains open at depth and along strike, meaning there is meaningful potential to extend the known zone with follow-up drilling. The new soil geochemistry data has not changed Albion's focus on German Well South — rather, it has added resolution to the target by identifying areas where elevated gold-in-soil coincides with undrilled portions of the structure, helping to prioritise where future drill holes should be placed.

The 3D geological modelling of German Well South shows modelled isosurface shells at 0.2 g/t Au and 0.5 g/t Au cut-off, visually demonstrating the continuation of mineralisation beyond what has been tested to date.

The Gum Creek Greenstone Belt: A District-Scale Context

Albion's tenure doesn't sit in an exploration vacuum. The Gum Creek Greenstone Belt is one of Western Australia's established gold-producing districts, with a track record of significant gold endowment along the same types of structural features Albion is targeting. The regional context is an important part of understanding why the new target identifications carry weight.

Key regional figures (for context only — these are third-party resources not owned or controlled by Albion):

Albion's 90km² tenure occupies a central position within this belt, situated between the Gidgee Mill and numerous historical deposits and prospects. The historical haul road servicing the Gidgee Mill traverses Albion's tenure, a practical indicator of the project's location within the heart of the district's mining infrastructure corridor.

An important structural note: despite the significant gold endowment demonstrated elsewhere in the belt, much of Albion's tenure has seen only shallow RAB drilling by modern standards. This represents a genuine exploration opportunity — prospective shear corridors that have never been systematically tested with the depth capability and sample quality that aircore and RC drilling can provide.

What Comes Next: A Clear Near-Term Roadmap

Albion has outlined a well-sequenced pathway toward its maiden drilling campaign at Gidgee. The near-term work program is structured as follows:

1. Field mapping and rock chip sampling — Commencing in the coming weeks across priority anomalies to gather additional surface-level geological data
2. Geophysical dataset integration — A review incorporating airborne EM, magnetics, and ground gravity data is nearing completion, expected to be finalised within approximately 2 weeks
3. Target ranking and prioritisation — Formal ranking of all drill targets based on integrated geochemistry and geophysics data, targeted for completion within approximately 4 weeks
4. Maiden drilling campaign at Gidgee — Planned aircore and RC program targeting commencement in the third quarter of 2026, pending grant of Programme of Works (POW) approvals and completion of appropriate heritage surveys

The combination of soil geochemistry, the pending geophysical review, and follow-up surface sampling is designed to ensure that when Albion picks up the drill, it does so with the highest confidence possible in its target prioritisation.

The Investment Case: Why This Announcement Matters

This announcement does more than add names to a target list. It fundamentally changes the nature of the Gidgee Gold Project's investment profile in several important ways.

Pipeline Depth Reduces Single-Target Risk

Prior to this announcement, Albion's exploration story at Gidgee rested heavily on German Well South. With eight additional targets now identified — all along the same regional structural corridors — the project has evolved into a multi-target exploration portfolio. This is a meaningful de-risking event for investors concerned about single-point-of-failure exploration programmes.

Structural Association Adds Geological Credibility

The fact that newly identified anomalies sit along the same shear systems controlling gold deposits elsewhere in the Gum Creek Belt is not coincidental — it is precisely the geological framework that makes these targets worth following up. Gold in greenstone belts is not randomly distributed; it follows structures, and these structures are well understood in this district.

Scale of the Anomaly Footprint Is Genuinely Significant

The largest anomaly — Silver Tokey — extends over 1.2km × 400m with no historical drilling. Combined with coincident gold, silver, copper, and zinc anomalism, this represents one of the most compelling untested targets on the project. Furthermore, Tokey Central, at up to 36.8 ppb Au over 500m × 500m, also stands out for the intensity of its gold-in-soil response.

Maiden Drilling Is Close

With target ranking expected within four weeks and drilling planned for Q3 2026, Albion is approaching its first meaningful newsflow catalyst from the drill bit. Drill results from a multi-target programme of this scale, in a productive greenstone belt, represent significant potential for value-adding discoveries.

Infrastructure Advantage

The proximity of the Gidgee Mill — with recommissioning plans being progressed by Horizon Gold — and the traversal of the historical haul road through Albion's tenure provides meaningful logistical context for any future discovery that reaches development consideration.

Why Investors Should Monitor Albion Resources

Albion Resources has moved quickly at Gidgee. The option to acquire the project was announced in March 2026, and within months the Company has completed a systematic, 976-sample soil geochemistry program that has delivered a material expansion of the project's exploration pipeline. The methodical approach — soil geochemistry first, then geophysical integration, then drilling — reflects disciplined exploration management.

The upcoming catalysts are tangible and near-term:

• Geophysical review completion — within approximately 2 weeks
• Formal drill target ranking — within approximately 4 weeks
• Maiden drilling campaign commencement — Q3 2026

Each of these milestones has the potential to add further context and confidence to the Gidgee Gold Project's value proposition.

Albion Resources (ASX: ALB) has transformed the Gidgee Gold Project from a single advanced prospect into a multi-target exploration system, with eight new gold targets identified along more than 19km of prospective shear corridors in a belt that hosts multi-million-ounce gold endowment. With a drill-ready anchor target in German Well South and a maiden drilling campaign scheduled for Q3 2026, Albion is approaching an important inflection point for the Company's exploration story.

Note: References to nearby Mineral Resources (including Gum Creek ~2.3Moz Au and Montague ~0.5Moz Au) are provided for geological and regional context only. These resources are owned and reported by third parties and do not form part of Albion's resource inventory. Exploration results are not Mineral Resources or Ore Reserves and do not imply economic mineralisation has been discovered.

Ready to Learn More About Albion Resources' Multi-Target Gold Project?

With eight new gold targets identified across 19km of prospective shear corridors, a drill-ready anchor prospect in German Well South, and a maiden drilling campaign scheduled for Q3 2026, Albion Resources (ASX: ALB) is approaching a significant inflection point in its exploration story. Investors looking to understand the full scope of the Gidgee Gold Project — including the upcoming geophysical review and formal target ranking milestones — can find further information directly at albionresources.com.au.