Ann: 2024 Exploration Program Commences, page-2

Excellent news.

All systems are GO!

2024 exploration campaign commences on February 20th as planned.

Comprehensive exploration programs fully funded across six main targets.

High-impact exploration programs including geophysics, diamond, and RC drilling.

First phase programs include ground gravity, IP, and EM.

A 700m deep EIS funded diamond hole is scheduled at the Surus gravity target in late March.


CGN Resources is fully funded and has secured all the necessary permits to commence work immediately.


CGN Resources Managing Director Stan Wholley commented:

“With our highly successful IPO in October raising $10 million we are now strongly positioned to push hard on the exploration front and try and emulate the success of some of our neighbours in the West Arunta. The Company has a suite a of high-quality targets to test in this initial exploration campaign targeting iron oxide copper gold targets (IOCG), rare earth elements (REE) and nickel targets. Given the proximity to WA1 and ENR to the north there is also the possibility of niobium rich carbonatites to exist which makes this exploration campaign incredibly exciting.

The programs have been planned to be staged and iterative so we can take advantage of new information as it becomes available. This will allow the CGN team to be flexible and dynamic in our response to new information from geophysics and drilling as it unfolds. We are in the fortunate position to have substantial clearance programs in place so if we make a discovery, we can expand our programs and deploy our resources quickly to assess the scale of the discovery.”