{"url":"https://newsforagent.com/news/2026-11-11/waratah-minerals-spur-gold-resource","markdown_url":"https://newsforagent.com/news/2026-11-11/waratah-minerals-spur-gold-resource.md","title":"Waratah Minerals Unveils 3.1 Million Ounce Spur Gold Resource","headline":"Waratah Minerals Presents Maiden Spur Gold Resource of 3.1 Million Ounces at Zurich Summit","description":"Waratah Minerals presented a maiden Spur resource of 3.1 million ounces grading 1.2 grams per metric ton.","section":"Research & Clinical Trials","published_at":"2026-11-11T04:01:49+00:00","modified_at":"2026-11-11T04:01:49+00:00","author":"News Desk","key_takeaways":["Waratah Minerals presented a maiden resource of 3.1 million ounces grading 1.2 grams per metric ton at the Spur project.","The project carries an exploration target of 5.1 million to 10.4 million ounces outside the maiden resource.","Early metallurgical testing achieved gold recoveries of 90% to 97% using gravity processing and conventional leaching."],"companies":[{"name":"Waratah Minerals","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0006agm/waratah-minerals","website":"https://waratahminerals.com"}],"source":{"publisher":"The future of trading","title":"Waratah Minerals Presents Maiden Spur Gold Resource of 3.1 Million Ounces","url":"https://capital.com/en-int/news/waratah-minerals-presents-maiden-spur-gold-resource-of-3-1-million"},"other_sources":[],"tags":["Research & Clinical Trials","Waratah Minerals"],"body_markdown":"Waratah Minerals presented a maiden resource of 3.1 million ounces grading 1.2 grams per metric ton at its Spur project during Zurich's Precious Metals Summit, [The future of trading](https://capital.com/en-int/news/waratah-minerals-presents-maiden-spur-gold-resource-of-3-1-million) reported on November 11, 2026. The Australian explorer is pre-revenue and advances gold and copper projects in the Lachlan Fold Belt, the Stawell Gold Corridor and Western Australia.\n\n## Inside the Spur Resource Estimate\n\nThe maiden resource covers 3.1 million ounces at a grade of 1.2 grams per metric ton. Outside that maiden resource, the project carries an exploration target of 5.1 million to 10.4 million ounces, with potential quantities remaining conceptual. A planned 50,000-meter drilling program over six months targets further resource growth. Early metallurgical testing achieved gold recoveries of 90% to 97% using gravity processing and conventional leaching.\n\n## Waratah's Funding Record Behind the Drill Program\n\n[Waratah Minerals](https://akta.pro/company-profiles/0006agm/waratah-minerals) raised approximately A$48 million in a placement in 2026 to fund an expanded drilling campaign at the Spur gold-copper project in NSW's Lachlan Fold Belt, according to akta.pro [company records](https://akta.pro/company-data). The same records show a A$30 million placement in August 2025 for extensional and resource drilling at Spur and A$8.4 million raised in May 2025 to accelerate exploration at the project. The records list total funding of $43 million, with the last round dated May 7, 2026.\n\n## Goldenclad and Earlier Spur Results\n\nWaratah intersected broad, near-surface gold mineralisation in its first drill hole at Goldenclad, extending the Spur project corridor, TradingView reported in October 2026. Partial assays returned 83m at 1.27g/t gold from 6m below surface, including a 42m interval at 2.23g/t. In July 2026, Investing.com reported that Waratah presented at the Noosa Mining Conference 2026, outlining gold exploration progress in the Macquarie Arc region of New South Wales and highlighting drilling results at its Spur and Consols discoveries.\n\n## What Comes Next at Spur\n\nThe planned 50,000-meter drilling program is scheduled to run over six months, targeting further resource growth beyond the maiden estimate.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}