Quarterly Activities/Appendix 5B Cash Flow Report

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Stock PREMIER1 Lithium Ltd (PLC.ASX)
Release Time 31 Jul 2026, 8:11 a.m.
Price Sensitive Yes
 PLC Resources Limited Quarterly Activities Report
Key Points
  • Maiden RC drilling at Rochefort Gold Prospect completed with anomalous gold results
  • High-resolution airborne magnetic and radiometric survey completed at Abbotts North
  • $1.8 million raised to fund exploration at Yalgoo and Abbotts North
  • New VMS affinity identified at Carlisle, Yalgoo Gold Project
  • Large hydrothermal system confirmed at Mt Kersey
Full Summary

PLC Resources Limited (ASX: PLC) has reported on its activities for the quarter ended 30 June 2026. Key highlights include the completion of a maiden RC drilling program at the Rochefort Gold Prospect within the Abbotts North Project, which identified anomalous gold results. A high-resolution airborne magnetic and radiometric survey was also completed across the Abbotts North tenure. The company raised $1.8 million via a placement to fund ongoing exploration activities. At the Yalgoo Gold Project, high-grade gold was intersected at Carlisle, including 4m @ 1.88 g/t Au. A large hydrothermal system was confirmed at Mt Kersey. Follow-up EM/IP geophysics and drilling are planned to test the interpreted mineralized trends. The company also secured a $35,888 WA Government grant for the airborne survey.

Outlook

PLC Resources plans to undertake follow-up RC drilling at Rochefort, EM/IP geophysics at Carlisle, and continue assessment of the Mt Kersey hydrothermal system. The company also plans to progress regional exploration programs across its tenures.