Business · Energy & Commodities · 2 hrs ago
Strata Minerals reports 42,000-ounce maiden resource at Zelica
Strata Minerals has set out a first gold resource estimate for its Zelica project in Western Australia.
The estimate is 814,000 tonnes grading 1.61 grams of gold per tonne, equivalent to 42,000 ounces.
About 68% of the resource is classified as indicated, a higher-confidence category than inferred, while the rest is inferred.
Zelica is on a granted mining lease in the Yundamindra district, between Leonora and Laverton, where earlier mining left a shallow pit.
The estimate gives the company a defined basis for mine-planning studies, but it does not mean a mine has been approved or will be built.
Strata has a mining services and profit-share agreement with BML Ventures, but mining services depend on an agreed mine plan, budget and tolling agreement.
The resource remains open at depth and along strike, and Strata says further drilling will target several zones as exploration continues.
Strata Minerals reported a maiden resource of 814,000 tonnes at 1.61 grams of gold per tonne, equal to 42,000 ounces, at its Zelica project in Western Australia.
The company said 68% of the resource is classified as Indicated, comprising 28,500 ounces.
The estimate provides a basis for mine-planning and development studies already underway.
Zelica remains open at depth and along strike, and Strata said further drilling would target extensions to the resource.
The project is covered by a mining services and profit share agreement with BML Ventures, subject to an agreed mine plan, budget and acceptable tolling agreement.
- Who
- Strata Minerals reported the resource at its 100%-owned Zelica project.
- What
- The maiden resource is 814,000 tonnes at 1.61 grams of gold per tonne, or 42,000 ounces.
- When
- The report was published on October 13, 2026.
- Where
- The Zelica project is in Western Australia’s Yundamindra district, between Leonora and Laverton.
- Why
- The resource provides a basis for mine-planning and development studies.
This story does not have two clearly opposing sides.
Strata Minerals conducted a drilling campaign at Zelica that was included in the resource estimate.
Strata Minerals conducted a further drilling campaign included in the estimate.
Stockhead reported that Strata Minerals had established a maiden resource of 42,000 ounces at Zelica.
- Total resource
- 814,000 tonnes at 1.61 grams of gold per tonne, or 42,000 ounces
- Indicated resource
- 525,000 tonnes at 1.69 grams per tonne, or 28,500 ounces
- Inferred resource
- 289,000 tonnes at 1.46 grams per tonne, or 13,500 ounces
- Indicated share
- 68% of the resource ounces
- Location
- Yundamindra district, between Leonora and Laverton, Western Australia
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What people are saying
What is particularly encouraging is that we have defined a resource with more than two-thirds of the ounces now classified as indicated, strengthening our confidence as we progress mine planning and development studies
With our BML Ventures Mining Services and Profit Share Agreement in place, we have a pathway to rapidly advance potential mining options while continuing to grow the resource