Wedoany.com Report-Sept. 25, Duketon Mining (DKM) has entered into an option agreement with Western Yilgarn to potentially acquire the Boodanoo Gold Project, located about 80 kilometers south-south-east of Mount Magnet, Western Australia. The project, identified as E 59/2881, provides DKM with the exclusive right to purchase the site within 12 months for a non-refundable payment of A$7,500 (approximately $4,949). If exercised, the option will require DKM to issue 500,000 fully paid ordinary shares to Western Yilgarn.

DKM aims to conduct detailed surface sampling and geological mapping at the mining project.

During the 12-month option period, Duketon plans to carry out exploration to evaluate the mineralisation and broader potential of the Boodanoo site. The project area is accessible via the Great Northern Highway and local roads and hosts a two-kilometer gold anomaly detected in 2021 through soil sampling. Exploration activities will focus on detailed surface sampling and geological mapping to build on these earlier findings.

Stuart Fogarty, managing director of DKM, commented: “We are excited to announce the option to acquire the Boodanoo Gold Project, which will further enhance our exploration portfolio in a highly prospective region of Western Australia. The soil sampling results outline a sizeable anomaly that has never been drill tested. The Boodanoo project further builds out our gold exploration portfolio in Western Australia and creates further optionality to our shareholders. This is aligned with our strategy of acquiring low-entry cost projects that can be rapidly advanced through the exploration process.”

Geologically, the Boodanoo site is positioned on the western margin of the Windimurra layered mafic-ultramafic intrusive complex. Its central region is marked by Archean metagabbro and meta-monzogranite, intersected by several north-north-east-trending regional faults. These characteristics indicate promising conditions for gold mineralisation, and the anomaly identified earlier remains untested through drilling.

The agreement forms part of Duketon’s broader exploration strategy across Western Australia. In April this year, the company secured a new tenement, E77/3160, at its wholly owned Barlee project in the Southern Cross region. The Barlee site, situated roughly 200 kilometers north of Southern Cross, lies within a region that hosts several small gold deposits, including the Mt Dimer and Marda Gold projects, as well as the Penny Mine.

With the Boodanoo option, Duketon Mining aims to expand its exploration footprint and add new opportunities for resource development. The project’s low entry cost and potential for rapid advancement through exploration provide additional flexibility for the company’s portfolio. If the anomaly proves significant, Boodanoo could become a valuable addition to Duketon’s gold exploration assets in Western Australia, complementing its existing projects in the state.