Gold Acquisition
| Stock | Cazaly Resources Ltd (CAZ.ASX) |
|---|---|
| Release Time | 30 Dec 2025, 1:58 p.m. |
| Price Sensitive | Yes |
Dundas Expands Frontier Gold Exposure with Romano Acquisition
- ~800km2 frontier gold landholding adjacent to Gruyere gold mine
- Multiple priority exploration targets identified through historical work
- Earn-in structure provides Dundas 80% ownership through staged exploration
Dundas Minerals Limited has announced the acquisition of an 80% interest in the Romano Project, a district-scale gold exploration package located in the north eastern Goldfields of Western Australia. The Romano Project comprises approximately 800km² of under-explored frontier terrain on the eastern margin of the Yamarna Shear Zone, adjacent to the operating Gruyere gold mine. The acquisition materially expands Dundas' exploration footprint into a proven but under-explored gold province and provides exposure to multiple priority targets supported by historical drilling and geochemical datasets. Key highlights include the Bloodwood and Brahman prospects, which have returned high-grade gold intercepts from limited historical drilling. The acquisition aligns with Dundas' strategy of targeting large-scale gold systems in under-tested frontier regions, complementing the company's existing Kalgoorlie exploration and resource portfolio. Dundas has entered into an agreement with Cazaly Resources Limited to earn an 80% interest in the Romano Project through staged exploration expenditure of $2 million over 2 years.
The acquisition of the Romano Project provides Dundas with exposure to a highly prospective but under-explored gold province adjacent to the Gruyere gold mine. Dundas plans to build a dedicated technical team to support the growth strategy and commence systematic exploration to advance the identified priority targets.