MNS: Well-funded LinQ accelerates gold-copper drilling at Gilmore

Key Concepts

• Link Minerals: An advanced exploration company focused on the Mcquaryy Arc in New South Wales, Australia.
• Gilmore Project: Link Minerals’ flagship project, considered a “generational asset” due to its scale and geological similarities to established mines in the region.
• Mcquaryy Arc: A significant geological region in New South Wales known for copper and gold deposits.
• Resource Estimate: 500+ million tons of ore containing 3.7 million ounces of gold and 1.2 million tons of copper.
• Drill Campaign: A 30,000-meter drilling program planned to expand existing resources and test new targets.
• Brownfield & Greenfield Opportunities: Existing previously mined areas (brownfield) and entirely new exploration areas (greenfield) within the Gilmore Project.
• RC & Diamond Drilling: Two types of drilling techniques used for exploration – Reverse Circulation (RC) and Diamond drilling.

Link Minerals: Overview and Strategy – Pre-Mining News Select Sydney

This discussion with Harry Donner, Executive Director of Link Minerals, outlines the company’s position, strategy, and near-term goals leading up to Mining News Select Sydney. Link Minerals, which went public on the ASX in mid-2025, is an advanced exploration company operating in the Mcquaryy Arc of New South Wales, Australia. The company boasts a substantial existing mineral resource exceeding 500 million tons, containing 3.7 million ounces of gold and 1.2 million tons of copper.

Gilmore Project: A Generational Asset

The Gilmore Project is central to Link Minerals’ strategy. Donner positions Gilmore as a “generational asset,” drawing parallels to established, long-life mines in the region like Newmont’s Cadia Evolutions, Cow North Parks, and Alcan’s Bod Kaiser. He emphasizes the geological similarities between Gilmore and these operating mines, highlighting that Link Minerals, while not yet in production, possesses comparable geology and a significant resource base. The project benefits from existing infrastructure, including access to road, rail, power, and water, reducing potential development costs. The company controls a 60km belt, with 40km representing a continuous strike of copper and gold occurrences – the longest known in the Mcquaryy Arc.

Exploration Potential & Targets

Link Minerals isn’t solely focused on its existing resources. The company has identified over 20 prospects and targets for follow-up drilling, in addition to its six existing deposits within the Jaw Resource area. This demonstrates significant optionality, encompassing both brownfield (re-examining previously mined areas) and greenfield (exploring entirely new areas) opportunities. Many of these targets have seen limited historical drilling, with some last drilled in the 1980s and 1990s, presenting a substantial opportunity for discovery.

Funding and Drilling Program

Following a successful $15 million capital raise from institutional investors, Link Minerals is now well-funded with approximately $20 million in the bank. This capital will be primarily allocated to an aggressive 30,000-meter drill campaign. Three drill rigs are being mobilized to the site, capable of both Reverse Circulation (RC) and diamond drilling.

• RC Drilling: A faster and more cost-effective method for initial exploration, providing sample material for analysis.
• Diamond Drilling: A more precise method that provides core samples for detailed geological analysis.

The drilling program will focus on a combination of extensional drilling (expanding existing resources) and infield drilling (increasing confidence in existing resource estimates), alongside testing the identified high-value targets.

Recent Results & Historical Context

A recent maiden drill campaign focused on the southern zone of the Gilmore Project, a brownfield site previously in production in the 1990s. Donner notes that the mine was profitable at a gold price of $500 per ounce, suggesting strong economic potential for the area. Recent drill intercepts have yielded multiple intercepts exceeding 100 g meter close to surface, indicating promising mineralization.

Management & Future Outlook

Donner emphasizes the strength of Link Minerals’ board and management team, highlighting their execution capability, both financially and technically. He also points to significant “skin in the game” – meaning the board and management have a substantial personal investment in the company – aligning their interests with those of shareholders.

He anticipates “substantial news flow” over the next 12 to 18 months as the drilling program ramps up, suggesting a period of active exploration and potential resource expansion.

Notable Quote

“We have very similar geology to our peers…and our existing resource of 3.7 million ounces and 1.2 million tons already demonstrates that we have the scale to be a generational asset.” – Harry Donner, Executive Director, Link Minerals.

Synthesis

Link Minerals presents itself as a well-funded, strategically positioned exploration company with a significant resource base and substantial exploration potential within the highly prospective Mcquaryy Arc. The company’s focus on a robust drilling program, coupled with a strong management team and favorable infrastructure, positions it for potential growth and value creation. The success of the Gilmore Project hinges on continued positive drill results and the ability to translate exploration success into a commercially viable mining operation.