High-Grade Burbanks Deposit Increases 62% to 750koz

Key points

• 62% increase in Burbanks Mineral Resource to 755koz
• Open pit component increased by 67%, underground by 54%
• 29% of Mineral Resource now in the Indicated category
• Phase 2 drilling results expected to further increase resources
• Burbanks Underground identified as potential new feed source

Full summary

Maritana Minerals Limited (ASX: MRT) announced an updated Mineral Resource Estimate for its Burbanks Gold Project, increasing the contained gold by 62% to 755koz. The project-wide estimate is now 13.7Mt at 1.7g/t Au, up from 6.1Mt at 2.4g/t Au previously. The open pit component increased by 67% to 496koz, and the underground by 54% to 259koz. The Burbanks North area saw the most significant growth, rising to 11.1Mt at 1.47g/t Au for 523koz from 3.7Mt at 2.06g/t Au for 243koz. The Indicated component of the Mineral Resource increased to 29%. Burbanks Open Pit contributes 128.8koz to the Black Swan Processing Hub's life-of-mine plan, while Burbanks Underground presents potential for future extensions. Phase 2 drilling results are expected in the current September quarter 2026, with further updates planned for the December quarter 2026.