High-Grade Gold Strengthens Stage 1 Open Pit Confidence

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Stock Ozaurum Resources Ltd (OZM.ASX)
Release Time 27 Jan 2026, 9:30 a.m.
Price Sensitive Yes
 High-Grade Gold Strengthens Stage 1 Open Pit Confidence
Key Points
  • Second batch of results from 46 RC grade control holes confirms consistent shallow high-grade gold mineralisation
  • Standout intercepts include 7m @ 6.16 g/t Au and 6m @ 4.59 g/t Au
  • High-grade mineralisation extends below current Stage 1 pit design, highlighting upside potential
Full Summary

OzAurum Resources Ltd (ASX: OZM) is excited to report strong shallow high-grade gold results from reverse circulation (RC) grade control drilling at the James Stage 1 Open Pit within its Mulgabbie North Gold Project, located in the Eastern Goldfields of Western Australia. The results confirm consistent shallow high-grade gold mineralisation, minimise dilution risk, and demonstrate clear upside beyond the current Stage 1 pit design. Key highlights include: consistent high-grade mineralisation from shallow depths underpinning the Stage 1 open pit design; standout intercepts such as 7m @ 6.16 g/t Au and 6m @ 4.59 g/t Au; and high-grade mineralisation extending below the current pit shell, highlighting strong potential for Stage 2 pit expansion. The Mulgabbie North gold mineralisation is situated on the Relief Shear - a gold mineralisation corridor up to 50m in true width that extends for approximately 8km within OZM's tenure. The project is located ~2km from the Carosue Dam mining district, operated by Northern Star Resources (ASX: NST).