SNX.ASX: First Drill Results from As Safra, KSA

First Drill Results from As Safra, KSA

Stock	Sierra Nevada Gold Inc (SNX.ASX)
Release Time	6 Jul 2026, 10:20 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Sierra Nevada Gold Announces High-Grade Copper Results at As Safra, KSA

Key Points

High-grade copper intercepts confirmed from initial drill holes
Mineralisation extends from surface to over 200m depth
Significant polymetallic mineralisation identified, including silver

Full Summary

Sierra Nevada Gold Limited (ASX: SNX) has announced strong initial results from its drilling program at the As Safra Copper-Gold Project in Saudi Arabia. The results from the first four drill holes at the As Safra Central target area have returned significant copper intercepts, validating the Company's exploration model and confirming the presence of a continuous copper mineralised system. The intercepts include ASDD0002: 17m @ 1.26% Cu, ASDD0003: 16m @ 1.20% Cu, ASDD0001: 13m @ 0.93% Cu, and ASRCD0001: 16m @ 0.90% Cu. The mineralisation is now confirmed from surface to over 200m vertical depth and remains open along strike and down dip. The Company believes that only a small portion of the 5.5km mineralised corridor has been tested to date, with substantial exploration upside remaining. Phase 1 drilling is complete, with Phase 2 planning already underway to further test the mineralised system.

Outlook

The Company believes that the initial results are highly encouraging and support the potential for As Safra to evolve into a significant copper discovery.