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CGN Resources Ltd. ( (AU:CGR) ) has provided an update.
CGN Resources reported significant progress across its Western Australian asset portfolio in the December 2025 quarter, advancing its Leonora gold projects at Christmas Well and Panhandle through the granting of key tenements, the execution of an Aboriginal Land Access Agreement, and the acquisition of additional highly prospective ground. The company completed an airborne aeromagnetic survey, consolidated historical datasets, and finalised near-term exploration and first-pass drilling plans, while also advancing statutory approvals and data compilation at the new Broadhurst Project and continuing detailed core evaluation and analysis at the Webb Project. With approximately A$2.9 million in cash, CGN is positioned to commence on-ground exploration and drilling, and its expanded tenure in a highly endowed gold province—strategically located between major gold deposits—strengthens its regional footprint and potential for future discoveries.
More about CGN Resources Ltd.
CGN Resources Ltd. (ASX: CGR) is a Western Australia-focused mineral exploration company with core gold projects at Christmas Well and Panhandle in the Leonora district, alongside the Webb and Broadhurst exploration projects. The company targets highly prospective gold terrains situated between established multi-million-ounce deposits, supported by modern geophysical surveys and systematic geological evaluations, and maintains a solid cash position to fund ongoing exploration and drilling programs.
Average Trading Volume: 108,022
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.47M
Learn more about CGR stock on TipRanks’ Stock Analysis page.