High-Grade Princess Royal Results Confirm Acquisition Upside
| Stock | Widgie Nickel Ltd (WIN.ASX) |
|---|---|
| Release Time | 26 May 2026, 10:08 a.m. |
| Price Sensitive | Yes |
Widgie Nickel Ltd Announces Acquisition of Princess Royal Gold Mine
- Acquisition completed for the fully permitted Princess Royal Gold Mine
- Historic production of ~13,900oz at 21 g/t Au
- High-grade reconnaissance sampling confirms broader project upside
Widgie Nickel Ltd (ASX:WIN) has completed the acquisition of the fully permitted Princess Royal Gold Mine, located approximately 80 km southwest of the Company's Radio Gold Project in Western Australia. The acquisition adds a high-grade historical gold operation with near-term drilling and development potential, expanding the scale and optionality of WIN's 100%-owned Radio Gold Project, which currently hosts a Mineral Resource Estimate of 345,000 tonnes at 3.70 g/t Au for 41,000 ounces of gold. Key outcomes include historic production of approximately 13,900 ounces at 21 g/t Au. High-grade reconnaissance sampling confirms broader project upside with Hill End prospect returning rock chip samples up to 5.59 g/t Au, Battler West prospect up to 4.61 g/t Au, and Great Battler battery sands up to 1.62 g/t Au. Immediate work programs to advance the broader Radio project area include drill planning underway at Princess Royal with Programme of Work approved, and exploration targeting of satellite prospects to support drill planning.
The acquisition of Princess Royal marks an important step in WIN's strategy to build a high-grade production hub at Radio, providing immediate optionality to support future development scenarios at Radio.