Amara Minerals Hits 102m at 2.29 g/t Gold at Apollo as Resource Hopes Build
Key Takeaways
- AA2603 returned 102.3m @ 2.29 g/t Au from 140.5m, including 66.8m @ 3.08 g/t Au and 11.0m @ 12.79 g/t Au, with an estimated true width of about 27.3m.
- AA2602 delivered 73.4m @ 1.31 g/t Au from 221.5m, below the extent of previous drilling, and mineralisation remains open at depth and south of Meade's Open Cut.
- Amara says the new results confirm historic intercepts, but the JORC table states data spacing is not yet sufficient for resource reporting.
- AA2604 logged fine visible gold at 276.05m and 288.0m, with assays due in mid-November, while AA2605 is already collared and drilling.
- Averages use no top cut and zero-graded lost core in AA2603, so the high-grade zones carry real weight in the headline numbers.
High-grade gold hit at Apollo as AA2603 returns 102.3m @ 2.29 g/t Au
Assay results from the latest diamond hole at the Apollo project are in, and one intercept stands out. Amara Minerals reported that AA2603 returned 102.3m @ 2.29 g/t Au from 140.5m, including 66.8m @ 3.08 g/t Au and 11.0m @ 12.79 g/t Au from 177.1m.
The results come from the company’s 100%-owned Apollo Gold and Antimony Project in central Victoria. AA2602 added 73.4m @ 1.31 g/t Au from 221.5m, including 1.6m @ 8.33 g/t Au and 0.6m @ 21.8 g/t Au.
Two more holes are moving through the pipeline. AA2604 has logged fine visible gold (assays pending), and AA2605 has been collared.
Ian Holland, Managing Director, Amara Minerals
“These strong results from AA2602 and especially AA2603 confirm historic intercepts at Apollo and support the potential for a maiden Mineral Resource Estimate for the project…”
What does that mean for you? The company says the results support the potential for a maiden Mineral Resource Estimate, which is a long way from having one. Think of this as evidence building toward a possible milestone.
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Drill results and what they show
Assay highlights
The table below sets out the two assayed holes. Intercepts are down-hole (drilled) widths, with true widths estimated from the interpreted orientation of the Dig Fault Zone and described as approximate.
| Hole | From (m) | Intercept | Including | Estimated true width |
|---|---|---|---|---|
| AA2602 | 221.5 | 73.4m @ 1.31 g/t Au | 1.6m @ 8.33 g/t Au from 263.7m; 0.6m @ 21.8 g/t Au from 269.2m | ~18.5m |
| AA2603 | 140.5 | 102.3m @ 2.29 g/t Au | 66.8m @ 3.08 g/t Au from 140.5m; 11.0m @ 12.79 g/t Au from 177.1m | ~27.3m |
Averages were calculated with no lower cut-off, and no top cut has been applied. A top cut limits the influence of extreme high grades, so its absence means very high assays flow fully into the averages.
For balance, AA2603 contains intervals of lost core, where core was not recovered. Those intervals were assigned a grade of zero in the calculation.
Context from earlier holes
Four diamond holes have now been completed at Apollo for 1,264.8 metres. AA2601, reported on 8 September 2026, returned 57.5m @ 2.62 g/t Au from 139.5m, including 20m @ 5.13 g/t Au.
Historical intercepts, reported to the ASX on 14 February 2025, came from previous explorers. Recent intercepts from the maiden diamond program were reported on 6 October 2025. Examples include:
- GMDH36: 28.0m @ 10.2 g/t Au from 138.0m (historical)
- GMDH28: 39.5m @ 7.25 g/t Au from 118.6m (historical)
- GMDH45: 55.1m @ 3.06 g/t Au from 210.0m (historical)
- AA2501: 27.0m @ 1.69 g/t Au from 255.0m (recent, October 2025)
The company says the new results confirm historic intercepts. The grades sit in the same broad range as earlier drilling, which is what you would want to see if the earlier data is to be relied upon.
Visible gold and depth potential
AA2604 logged fine visible gold at two depths, 276.05m and 288.0m. The grains are under 1mm, described as trace and non-continuous, and sit in quartz-muscovite veinlets.
The company is explicit that this is a visual observation only. Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses. Assays are expected in mid-November, subject to laboratory throughput at OnSite Laboratories in Bendigo.
AA2602’s broad mineralisation sits below the extent of previous drilling within the core of the system. Mineralisation at the Dig Fault Zone remains open at depth and to the south of Meade’s Open Cut.
AA2605 targets mineralisation down-dip of AA2603 and AA2604.
Where things stand:
- AA2604 is complete, with samples submitted to the laboratory
- AA2605 is collared and drilling
- AA2604 assays are expected in mid-November
- The ongoing exploration program totals 2,000m of diamond core
What is a maiden Mineral Resource Estimate?
A maiden Mineral Resource Estimate is the first formal, code-compliant estimate of the tonnes and grade of mineralisation at a project. For explorers it is often a key value step, because it moves a project from drill intercepts to a defined quantity of metal.
Apollo is not there yet. The first three holes aimed to potentially extend and increase the higher-grade core to support geological modelling and the evaluation of a potential maiden Mineral Resource Estimate. The JORC table states data spacing and distribution are currently considered not sufficient to establish geological and grade continuity or for resource reporting.
Regionally, Apollo sits in the Melbourne Zone in Victoria, which is also home to the Sunday Creek deposit being advanced by Southern Cross Gold Consolidated (ASX:SX2) and the Costerfield mine operated by Alkane Resources (ASX:ALK). The company stresses this is geological context only, and that mineralisation at those projects does not guarantee similar results at Apollo.
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Investment thesis and next steps
The announcement points to several things worth tracking:
- Confirmation of historic intercepts at Apollo
- Broad mineralisation at depth in AA2602, below previous drilling
- Mineralisation open at depth and to the south of Meade’s Open Cut
- Near-term catalysts in AA2604 assays and further drilling from AA2605
Beyond Apollo, Amara Minerals also holds the Lauriston Project and a lithium portfolio in Brazil.
The next marker is the AA2604 assay return in mid-November, subject to laboratory throughput. Results from AA2605 and further planned holes to extend the mineralised envelope will follow as drilling continues.
Ready to Learn More About Amara Minerals’ Apollo Gold and Antimony Project?
Drill hole AA2603 returned 102.3m @ 2.29 g/t Au, including 11.0m @ 12.79 g/t Au, at the 100%-owned Apollo Project in central Victoria. With AA2604 assays due in mid-November and AA2605 now drilling, the project is building toward a potential maiden Mineral Resource Estimate.
Explore the Amara Minerals company profile and latest ASX updates to see how Apollo and the wider portfolio are progressing.