Drilling to commence at Rochefort Prospect

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Stock PREMIER1 Lithium Ltd (PLC.ASX)
Release Time 13 May 2026, 8:22 a.m.
Price Sensitive Yes
 Drilling to commence at Rochefort Prospect
Key Points
  • Maiden drill program to commence at the Rochefort Gold Prospect
  • Comprising up to 5 RC holes for a total of ~1,000 metres
  • Rochefort is a well-defined gold target with a large coherent gold-in-soil anomaly and high-grade rock chip results
Full Summary

PLC Resources Limited (ASX:PLC) is pleased to advise its maiden RC drilling program at the Rochefort Gold Prospect ('Rochefort'), within the Abbotts North Project ('Abbotts North'), is due to commence on Monday 18 May. The program will comprise up to 5 x RC holes for a total of ~1,000 metres of drilling, targeting the core of the gold-in-soil anomaly and stepping out along strike and down dip to assess the extent and continuity of the mineralised system. Rochefort is a well-defined gold target characterised by a large coherent gold-in-soil anomaly, high-grade rock chip results up to 11.7 g/t Au, and mineralisation hosted within highly fractionated and altered quartz dolerites, consistent with known major Yilgarn gold deposits. The prospect sits in a structurally complex zone at the juncture of several north-south trending structures and a large arcuate structure/geological contact trending north-west. The Abbotts North Project is located ~35 km north of Meekatharra in Western Australia's Murchison region, and ~20 km north of the producing Crown Prince deposit owned by New Murchison Gold Ltd (ASX:NMG), within the same Abbotts Greenstone Belt. Despite the outstanding historical grades and relatively shallow mining depths at the nearby Abbotts mining centre, the area has seen virtually no modern exploration, underscoring the significant potential for new discoveries.

Outlook

PLC Resources is fully focused on advancing its gold and copper prospects in Western Australia to deliver value for shareholders. The company's strategic exploration strategy is powered by a dedication to discovering high-value assets with precision and efficiency, guided by rigorous project evaluation and disciplined capital allocation.