Alicanto to Launch 50,000m Drilling Push at Mt Henry Gold Project

An announcement from Alicanto Minerals ( (AU:AQI) ) is now available.

Alicanto Minerals is gearing up to launch its first drilling campaign at the Mt Henry Gold Project in Western Australia’s Eastern Goldfields, targeting the 16km mineralised corridor that hosts a 0.9Moz gold resource, much of it within 150m of surface. The 50,000m, multi-rig program, starting next month and scaling to three rigs by Q4 FY26, aims to extend mineralisation along strike and at depth, upgrade the current 915,000oz resource and demonstrate Mt Henry’s scale potential, underpinned by constructive engagement with the Ngadju Native Title Aboriginal Corporation.

Initial drilling will concentrate on step-out holes at the Selene and Mt Henry deposits before testing broader mineralised envelopes across the corridor to drive rapid, cost-effective resource growth and sustain exploration momentum. With Mt Henry’s resources on granted mining leases near established infrastructure and Alicanto’s broader portfolio in Sweden’s Bergslagen region, the campaign could enhance the company’s growth profile and strengthen its position as a gold and polymetallic explorer.

The most recent analyst rating on (AU:AQI) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.

More about Alicanto Minerals

Alicanto Minerals Ltd is an ASX-listed exploration company focused on gold and polymetallic assets, notably the recently acquired Mt Henry Gold Project in Western Australia’s Eastern Goldfields, which hosts a 0.9Moz gold resource within a 16km mineralised corridor on granted mining leases with good road access. The company also explores in Sweden’s Bergslagen region around the Falun copper-gold project and the historic Sala silver-zinc-lead deposit, where it has defined a maiden Inferred Resource with significant silver-equivalent tonnage.

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