Acquisition of High Grade Omeo Gold Project

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Stock RKB.ASX (RKB.ASX)
Release Time 24 Apr 2026, 11:07 a.m.
Price Sensitive Yes
 Rokeby Acquires Advanced, High-Grade Omeo Gold Project
Key Points
  • Acquisition of Omeo Gold Project with 320,000 oz historical resource at 4.0 g/t Au
  • Significant near-term expansion potential along 5.8 km mineralized corridor
  • Sunnyside deposit ready for immediate drilling to upgrade historical resource
Full Summary

Rokeby Resources Limited (ASX: RKB) has announced the transformational acquisition of the high-grade Omeo Gold Project located in northeast Victoria. The Omeo Project includes the Maude and Sunnyside deposits and is underpinned by a non-JORC (2012) historical mineral resource estimate of 2.4Mt @ 4.02 g/t Au for 320,000 ounces of gold. Historical drilling has intersected several high-grade intercepts, and the mineralization remains open along the 5.8 km mineralized zone. Rokeby has secured firm commitments to raise $4 million via a placement to fund the planned exploration program, which will initially focus on the Sunnyside deposit to upgrade the existing historical resource. The acquisition aligns with Rokeby's strategy of building a portfolio of high-quality, high-grade gold assets, providing increased scale, strengthened gold exposure, and multiple growth pathways. As part of the transaction, experienced mining engineer Richard Beazley will join as Managing Director, and former Victorian Treasurer Tim Pallas will be appointed Non-Executive Chairman.

Outlook

Rokeby is committed to completing the planned exploration program across the Omeo project with the objective of significantly growing and upgrading the current historical mineral resource estimate. The Sunnyside deposit is a high-priority target, and Rokeby intends to commence drilling as soon as practicable, subject to finalizing the drill program and permitting.