CGN Resources Ltd Quarterly Activities Report
Key points
- Completed acquisition of the 142 km² Desdemona Project
- Commenced maiden RC drilling program at Christmas Well
- Continued geological modeling and integration of historical datasets
- Maintained a strong cash position
- Advanced tenure expansion and stakeholder engagement at Broadhurst Project
Full summary
CGN Resources Ltd reported significant progress in its exploration activities for the June 2026 quarter. The company completed the acquisition of the 142 km² Desdemona Project, expanding its Leonora landholding to approximately 386 km². This acquisition positions the company within the Gwalia-Ulysses Gold Corridor. The company also initiated its maiden RC drilling program at the Christmas Well Project, aiming to test high-priority targets. Additionally, CGN Resources Ltd continued geological modeling and integration of historical datasets across its Leonora projects. The Webb Project saw advancements through geochronology and structural reinterpretation, while the Broadhurst Project progressed with tenure expansion, data compilation, and stakeholder engagement.
Outlook
CGN Resources Ltd anticipates a strong flow of exploration news through the second half of 2026, with upcoming milestones including RC drilling, assay results, and geological model refinements.
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