New Risk • Mar 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$146k revenue, or US$104k). Market cap is less than US$10m (AU$7.42m market cap, or US$5.28m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Bekanntmachung • Mar 02
Rincon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.1 million. Rincon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,000,000
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 131,666,667
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Nov 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.3m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (AU$146k revenue, or US$95k). Market cap is less than US$10m (AU$5.68m market cap, or US$3.71m). Bekanntmachung • Oct 02
Rincon Resources Limited, Annual General Meeting, Nov 20, 2025 Rincon Resources Limited, Annual General Meeting, Nov 20, 2025. Bekanntmachung • Jul 18
Rincon Resources Limited has announced a Derivatives Offering in the amount of AUD 0.097521 million. Rincon Resources Limited has announced a Derivatives Offering in the amount of AUD 0.097521 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 97,520,811
Price\Range: AUD 0.001
Discount Per Security: AUD 0
Transaction Features: Rights Offering Bekanntmachung • Apr 02
Rincon Resources Limited Announces Drilling Plans for South Telfer Gold Project Rincon Resources Limited announced the next steps for the Hasties Main Zone and Hasties Southeast Deposits within the Company's South Telfer Gold Project situated 10km south of the Telfer Gold Mine in the Eastern Pilbara of Western Australia. The Company intends to fly a detailed Magnetic Drone survey and drill as soon as all permits and permissions are in place. The program of 10 holes for 1,200 metres have been designed to build on and expand the maiden Mineral Resource Estimate (MRE). Two of the 10 holes will be drilled within the pit shell to provide material for preliminary metallurgical test work for both gold and copper mineralisation. The MRE statement was prepared by consultant Widenbar and Associates (Widenbar") in accordance with the JORC 2012 guidelines 2022, with an effective date of 24 February 2025 and announced by Rincon on 25 February 2025. The South Telfer Project consists of six exploration licences and two prospecting licences covering approximately 540km2 and more than 40km strike of prospective geology known to host significant gold and copper mineralisation. New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$5.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.2m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m (AU$169k revenue, or US$107k). Market cap is less than US$10m (AU$3.51m market cap, or US$2.22m). New Risk • Sep 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (262% increase in shares outstanding). Revenue is less than US$1m (AU$17k revenue, or US$12k). Market cap is less than US$10m (AU$7.31m market cap, or US$4.90m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Bekanntmachung • Sep 03
Rincon Resources Limited, Annual General Meeting, Nov 12, 2024 Rincon Resources Limited, Annual General Meeting, Nov 12, 2024. Board Change • Jun 04
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Blair Sergeant is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Don Layman Strang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Bekanntmachung • May 23
Rincon Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.6 million. Rincon Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 56,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jan 22
Rincon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.43512 million. Rincon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.43512 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,488,478
Price\Range: AUD 0.033
Discount Per Security: AUD 0.00198
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jan 13
Rincon Resources Limited has filed a Follow-on Equity Offering. Rincon Resources Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jan 12
Rincon Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.43512 million. Rincon Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.43512 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,488,478
Price\Range: AUD 0.033
Discount Per Security: AUD 0.00198
Transaction Features: Subsequent Direct Listing New Risk • Oct 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 174% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (174% increase in shares outstanding). Revenue is less than US$1m (AU$17k revenue, or US$11k). Market cap is less than US$10m (AU$5.27m market cap, or US$3.33m). Bekanntmachung • Oct 11
Rincon Resources Limited, Annual General Meeting, Nov 29, 2023 Rincon Resources Limited, Annual General Meeting, Nov 29, 2023. Board Change • Aug 31
High number of new directors Executive Chairman Dave Lenigas was the last director to join the board, commencing their role in 2022. New Risk • Aug 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.6m free cash flow). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (AU$60k revenue, or US$38k). Market cap is less than US$10m (AU$2.22m market cap, or US$1.42m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (40% increase in shares outstanding). Board Change • Jul 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Blair Sergeant is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.6m free cash flow). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (AU$60k revenue, or US$41k). Market cap is less than US$10m (AU$3.12m market cap, or US$2.12m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (32% increase in shares outstanding). Bekanntmachung • Feb 16
Rincon Resources Limited Announces Results of an Independent Assessment and Interpretation At Its 100% Owned Kiwirrkurra Iocg Project, Located in the West Arunta Region of Western Australia Rincon Resources Limited announced the results of an independent assessment and interpretation of recent rock-chip multi-element geochemistry data at its 100% owned Kiwirrkurra IOCG Project, located in the West Arunta Region of Western Australia. Following the recent announcement of high-grade copper-gold rock-chip results from Pokali, which included KRWK001 - 5.75g/t Au, 5.71% Cu & 5.25g/t Ag at Pokali East, and KWRK043 - 2.87g/t Au, 1.2% Cu & 5.07g/t Ag at Pokali South, the comprehensive multi-element assay data has now been assessed and interpreted by independent consultant Dr. Carl Brauhart from Model Earth. The results reveal the presence of a large copper (Cu) - gold (Au) bearing mineral system in the east of Pokali and a second tin (Sn) - tungsten (W) bearing mineral system in the west defined by two distinct and broad metal zonation signatures commonly observed in many large hydrothermal systems. While the two mineral systems are spatially discrete in outcrop, they are likely related to the same overall system at depth. The presence of two metal zonation signatures of this nature suggests separate oxidised and reduced magmas have intruded and given rise to the fertile hydrothermal fluids at the source of the potentially massive mineral system at Pokali. Key elements in the Cu-Au system metal signature are Au-Cu-Mo-Se and indicate an oxidised magmatic fluid. This style of mineralisation and deposit types include porphyry Cu-Au, IOCG, and intrusion-related gold systems. Key elements in the Sn-W system metal signature are Sn-W-As-Sb and indicate a reduced magmatic fluid. This style of mineralisation includes reduced intrusion related gold systems and granite-related Sn-W deposits. At this early stage, the Cu-Au system is more likely closer to the heart of an economic Cu-Au deposit at Pokali however, more data from basement samples over a wider area, including under transported regolith, is required to extend understanding of metal zonation across the entire system; this will have important implications for ongoing exploration targeting. Planning is now underway for a detailed geological mapping and additional rock chip sampling program over the outcropping Pokali system. This will help to better understand the structural and lithological controls to known mineralisation and combined with the new understanding of the geochemistry and metal zonation, will help tightly constrain existing and new drill targets on the area of outcrop. The potential grade, dimensions, and orientation of any compelling targets will be informed by the new surface data and historic drilling. Learnings about stratigraphy, structure and geochemistry that are gleaned from the mapping and surface sampling exercise will also inform interpretations of future drilling through transported cover adjacent to Pokali. Niobium (Nb) and REE's were found to be present in the system however not at elevated levels that might suggest a critical metal or REE system is present at Pokali. That said, the Company will continue to assess the potential for Carbonatite hosted Nb-REE mineralisation by extending its search beyond the outcropping Pokali area and look to investigate targets undercover which demonstrate geophysical features indicative of Carbonatite intrusions. In this regard, multiple gravity and magnetic anomaly signatures have been identified under shallow sandplain cover and systematically be investigated for Nb-REE potential. Recent Insider Transactions • Feb 12
Insider recently bought AU$70k worth of stock On the 9th of February, Stephen Dobson bought around 765k shares on-market at roughly AU$0.092 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$306k. Insiders have collectively bought AU$403k more in shares than they have sold in the last 12 months. Bekanntmachung • Feb 08
Rincon Resources Limited Provides an Update on Its Proposed Exploration Activities At the South-Telfer Copper-Gold Project Located South of Telfer and Havieron in the Paterson Province, Western Australia Rincon Resources Limited provided an update on its proposed exploration activities at the South-Telfer Copper-Gold Project located south of Telfer and Havieron in the Paterson Province, Western Australia. Following a process of geophysics reinterpretation and modelling by independent consultant Resource Potentials throughout 2022, drilling programs have now been proposed to test both high- priority copper-gold targets, Mammoth and Recurve. Mammoth and Recurve are both located within the Westin tenement area along the highly prospective Telfer-Westin and Hasties-Grace trends respectively. These trends are regionally significant structural corridors known to be associated with several copper-gold deposits including the world-class Telfer Gold Mine. In consultation with Rincon's technical consultants, up to 1,000m of diamond core (DD) and 5,000m of reverse circulation (RC) drilling has been proposed to broadly test both targets for intrusive- related reef, stockwork and breccia style copper-gold mineralisation like that associated with the nearby Telfer Gold Mine and the new Havieron deposit. Seventy-six (76) holes (2,412m) from a planned 3,000m aircore drilling program to test geophysical VTEM targets (Julia, Matilda, and Defender) along the highly prospective Hasties-Grace Trend was completed early December 2022. The program was abandoned due to inclement weather with the Defender target only partially tested. The purpose of the aircore drilling is to test for shallow geochemical dispersion at the transition between the base of weathering and partially oxidised bedrock that may represent the expression of a deeper copper-gold mineral system that may warrant further drill testing with RC or DD drilling. An anomalous result of 44m @ 0.05g/t Au & 34.5ppm Cu from 4m (including 8m @ 0.11g/t Au from 8m) was intersected in 22STAC071 at the Defender target. 22STAC071 was the last drill hole along the only completed traverse at Defender and adjacent to the regionally significant Hasties-Grace shear zone. This wide zone of low-level anomalous Cu-Au mineralisation was associated with a sequence of goethite and ankerite altered sandstones with quartz-veining and minor brecciation. The balance of the drilling program to complete testing the Defender target area will ensue in due course. First-pass aircore drill testing of other VTEM targets throughout the project area will continue throughout the year to determine the prospectivity of these targets. Bekanntmachung • Jan 17
Rincon Resources Limited Announces High-Grade Gold Copper Results At West Arunta Rincon Resources Limited released preliminary rock-chip sampling results from recent site reconnaissance at its 100% owned Kiwirrkurra IOCG Project, located in the West Arunta Region of Western Australia. 56 rock-chip samples were collected from various locations over the outcropping Pokali IOCG Prospect area. All rock-chip samples were analysed for precious and base metals, and a comprehensive multi-element suite including critical metals such as niobium and rare-earth elements Significant3 and anomalous4 Au-Cu-Ag results were received and associated with extensive mapped structures across the significant outcropping system at Pokali. The results continue to demonstrate the potential for a significant size and scale IOCG system at Pokali. Best rock-chip results include: KRWK001 - 5.75g/t Au, 5.71% Cu & 5.25g/t Ag at Pokali East, and KWRK043 - 2.87g/t Au, 1.2% Cu & 5.07g/t Ag at Pokali South KWRK033 - 0.37% Cu, 0.18g/t Au & 2.06g/t Ag at Pokali South, KWRK023 - 0.33% Cu, 0.14g/t AU & 2.28g/t Ag at Pokali South, KWRK017 - 11.2g/t Ag, 0.02g/t Au (+817ppm Bi) at Pokali North, KWRK020 - 10.65g/t Ag, 0.06g/t Au at Pokali North, and KWRK051 - 7.29g/t Ag, 0.08g/t Au at Jewel, KWRK049 - 1.08g/t Ag at Jewel, KWRK050 - 0.83g/t Ag at Jewel. Results for multi-element data, including Nb-REE data, have been provided to independent consultant Dr Carl. Brauhart from Model Earth, who is currently reviewing and interpreting the results. A report is expected within weeks. The multi-element data is critical is understanding the lithogeochemistry, alteration and metal zonation, which is important for model interpretation targeting and drillhole planning at Pokali. Importantly, the interpretation and assessment of the critical metals and REE suite will inform the Company of the discovery potential for this style of mineralisation that may be undercover within the broader Pokali area. Bekanntmachung • Jan 11
Rincon Resources Limited (ASX:RCR) entered into an agreement to acquire Six new granted exploration tenements in Laverton Gold Project from Mining Equities Pty Ltd and Peter Gianni for AUD 0.15 million. Rincon Resources Limited (ASX:RCR) entered into an agreement to acquire Six new granted exploration tenements in Laverton Gold Project from Mining Equities Pty Ltd and Peter Gianni for AUD 0.15 million on January 10, 2023. Cash Consideration of AUD 0.025 million to Peter Gianni for 100% interest in E38/3382, AUD 0.125 million worth of Rincon shares to Mining Equities Pty Ltd for 100% interest in E38/3063, E38/3064, E38/3201, E38/3202, and E38/3535, calculated by reference to the 20-day VWAP of Rincon shares ending on the day immediately prior to the Completion Date, 1.0% Net Smelter Return Royalty in favour of Mining Equities Pty Ltd. The Company will issue the Consideration Shares from its existing placement capacity at Completion. The transaction is approved by board. Completion of the acquisition is conditional upon the satisfaction of waiver of the Condition Precedent, being Rincon and Mining Equities entering certain Deeds of Assignment and Assumption in respect of existing Access Agreements applying to E38/3201 and E38/3202; and E38/3535. Bekanntmachung • Dec 01
Rincon Resources Limited Announces Results of the Latest Geophysical Modelling at its 100% Owned South Telfer Copper-Gold Project Rincon Resources Limited announced the results of the latest geophysical modelling at its 100% owned South Telfer Copper-Gold Project, located in the Paterson Province, Western Australia. Recurve is located along the highly-prospective Hasties-Grace Gold Trend, within the Company's Westin tenement area, 30km southwest of the giant Havieron deposit (5.5Moz Au2) and 40km southeast of the world-class Telfer Gold Mine (+32Moz Au3). Reinterpretation of existing VTEM and Gravity data by consultants Resource Potentials, using a combination of modelling techniques and interpretation of results, has elevated Recurve to a high-priority copper-gold target for drill testing. Recurve is an interpreted zone of extensive deep weathering, thought to be related to oxidised sulphides, formed along a flexure in a regionally mineralised shear zone and adjacent to an interpreted deep-seated felsic intrusive body. Encompassing a surface area of approximately 1,700m by 350m, Recurve is second larger untested copper-gold target which the Company has defined in recent months; Mammoth being the largest. However, Recurve is the larger of several copper-gold targets located along the Hasties-Grace Gold Trend, defined by a regional shear zone and associated folds, and is just 15km southeast along strike of the high-grade Grace-Bemm gold deposit held by Paterson Resources Limited, where recent drilling by PSL intersected multiple high-grade intersections, including 6m at 9.3g/t, 7m at 11.0g/t, and 4m at 9.2g/t gold. Modelling of VTEM electromagnetic data to generate conductivity-depth geometry in the subsurface indicates that an extensive weathered zone occurs along the shear zone where it is curved to form a flexure zone, where weathering locally reaches a depth of at least 300m (possibly to 885m) and indicates that the average depth of transported sand cover is about 110m or less below land surface. Gravity 3-D inversion of combined regional ground gravity and Falcon airborne gravity gradiometry data was used to define a gravity low body interpreted to be caused by a felsic intrusive body ("Felsic"), which could have intruded along the same prominent flexure zone. Such a geological setting has potential for the development of an associated mineralised breccia/stockwork system within the shear. The current geophysical modelling and interpretation results are preliminary, with detailed ground gravity and passive seismic surveys planned to further define and enhance the geometry and depth of the Recurve Target before proposed drilling in early 2023. Bekanntmachung • Nov 23
Rincon Resources Limited Completes Preliminary Site Reconnaissance Rock-Chip Sampling At Its 100% Owned Kiwirrkurra IOCG Project Rincon Resources Limited announced it has recently completed preliminary site reconnaissance rock-chip sampling at its 100% owned Kiwirrkurra IOCG Project, located in the West Arunta Region of Western Australia. Fifty-six (56) rock-chip samples were collected last week from various locations over the outcropping Pokali IOCG Prospect area (locally known as Pokali Hill). All rock-chip samples have been sent to the laboratory for precious metals and multi-element analysis including for niobium ("Nb") and rare-earth elements ("REE"). Preliminary results are expected within 3-4 weeks of the lab receiving the samples. Circumstances due to timing and weather however meant that only two (2) days of site reconnaissance was possible last week and only the outcropping Pokali Hill could be traversed and sampled on this occasion. The company anticipates that other outcropping areas earmarked for sampling will be assessed in early 2023. At Pokali Hill however, significant zones of malachite (oxidised copper) bearing quartz veins, quartz-sulphide veining, and pervasive alteration comprising silica, malachite, magnetite, gossan, and silica-hematite breccia were observed. They lie within a structural corridor extending over at least 2.5km and 50m wide, demonstrating the potential for a significant IOCG-style copper-gold mineral system at Pokali. The company has engaged highly regarded consultant Dr Carl Brauhart to conduct a thorough review of legacy and forthcoming geochemical data as well as to complete detailed geological and structural mapping of the Pokali area. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Blair Sergeant is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Don Layman Strang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Bekanntmachung • Nov 09
Rincon Resources Limited Receives Preliminary High-Level Report from Independent Consultant Resource Potentials Highlighting the Similarities Between Rincon's Pokali Prospect and Wa1 Resources Limited's New Niobium-REE Discovery at their West Arunta Project Rincon Resources Limited announced that it has received a preliminary high-level report from independent consultant Resource Potentials highlighting the similarities between Rincon's Pokali Prospect and WA1 Resources Limited's new Niobium-REE discovery at their West Arunta Project, located about 87km NW of Pokali. Pokali is located within the Company's 100% owned Kiwirrkurra IOCG Project, located in the West Arunta Region of Western Australia. Niobium REE Potential: Resource Potentials' high-level review of Rincon's Kiwirrkurra IOCG Project focussed primarily on the advanced Pokali Prospect area. where significant historical copper and gold drilling intercepts have been previously reported on by the Company. A review of existing geophysical survey data over the Pokali Prospect shows similar high amplitude and elongated magnetic and gravity anomaly patterns to those which define WA1's Pachpadra Prospect, which contains their Nb-REE discovery. Both magnetic anomaly images have been generated from the same state-wide regional data grid and show magnetic intensity as TMIRTP (Total Magnetic Intensity, Reduced To the magnetic Pole) as a pseudocolour image overlain on a TMIRTP 1VD (1st Vertical Derivative) greyscale intensity layer, which highlights linear magnetic layers from metamorphosed sedimentary and volcanic units likely formed in a similar type of local geological setting and during the same Proterozoic tectonic events in the Arunta Province. The WA1 residual gravity image at the bottom is reproduced from WA1's ASX announcement dated 26 October 2022. The Rincon half vertical derivative gravity image above it was generated by Resource Potentials using historical open-file gravity data. Both gravity anomaly images show high anomaly responses coincident to magnetic highs for both prospects. Historical drilling and surface geochemical datasets over Pokali were interrogated during the high-level review of REE potential, however with activities focused on IOCG-style copper, gold and base metal mineralisation, analysis for REE mineralisation was limited and not comprehensive. Niobium mineralisation in Australia: Niobium shares many of its properties with tantalum, which it is commonly found with. Most of the world's niobium resource is hosted within the mineral pyrochlore. Australia's niobium resource is confined to a small number of deposits, largely as a by-product or co-product of rare earth element (REE) or rare earth element-zirconium mineralisation in peralkaline rocks and carbonatites. Examples of these include the Mount Weld carbonatite and the Brockman deposits in Western Australia. Reported grades in these deposits range from 3,100 to 3,500 ppm (0.31 to 0.35% Nb, Brockman) to 7,400 ppm (0.74% Nb, Mount Weld). Reported host minerals for niobium and tantalum in these deposits include yttrium (Y) -bearing rare earth niobates at Brockman; and columbite, niobium (Nb)-enriched titanium minerals (ilmenite, rutile) and pyrochlore at Mount Weld. Bekanntmachung • Oct 26
Rincon Resources Limited Receives Consent to Mine Endorsement for Its Granted Tenements and Completed an Aem Survey At Its 100% Owned Kiwirrkurra Iocg Project, Located in the West Arunta Region of Western Australia Rincon Resources Limited advised that it has received a Consent to Mine endorsement for its granted tenements and completed an AEM survey at its 100% owned Kiwirrkurra IOCG Project ("Kiwirrkurra"), located in the West Arunta Region of Western Australia. Consent to Mine The Consent to Mine endorsement ("Endorsement") for its granted tenements, received from the Western Australian Department of Mines, Industry Regulation and Safety ("DMIRS"), follows a 12- month process whereby the Company successfully negotiated a Mineral Exploration and Land Access Deed ("DOA") with the Tjamu Tjamu (Aboriginal Corporation) RNTBC and received a Ministerial Entry Permit, both pre-requisites to receiving the Endorsement. The Endorsement now permits on-ground exploration activities to commence subject to terms of the DOA with the Company planning to conduct a site reconnaissance survey and a rock-chip sampling program commencing November 2022. Airborne Electromagnetic Survey A high-resolution helicopter-borne `XciteTM'1 time-domain electromagnetic survey ("Airborne EM or AEM") survey was recently completed over the Company's priority tenement E80/5241, which hosts the highly prospective Pokali IOCG Prospect (Refer to Figure 1) where historic drilling has identified a significant copper mineral system over a current strike length of at least 4km and to a depth of about 250m, with the system remaining open in all directions. Airborne EM surveys have shown to be a successful targeting tool in detecting electrically conductive massive sulphide mineralisation in ironstone and gneissic rocks, which also provides discrete targets for focussed drill testing compared to magnetic-gravity highs, which may require multiple holes for proper testing. The Company previously identified multiple coincident magnetic-gravity IOCG-style targets from a study completed in 2021 (Refer to ASX; RCR Announcement dated 15 October 2021). The recent AEM survey was flown in order to try and detect massive sulphide mineralisation in the top 250m for direct drill targeting that may not have been identified from the 2021 study. The results will also assist in refining current targets ahead of drilling. The recent AEM survey was completed in conjunction with the neighbouring tenement holders, which provided a cost reduction with shared mobilisation costs. Preliminary interpretation and targeting is underway with results to be released as they become available. Bekanntmachung • Oct 19
Rincon Resources Limited's IOCG Project Gets Ministerial Entry Permit & Successful EIS Application Rincon Resources Limited announced that it has been successful in an application for a grant of up to $150,000 for diamond drilling at its 100% owned Kiwirrkurra IOCG Project under Round 26 of the WA Government's Exploration Incentive Scheme ("EIS Grant"). The EIS Grant will go towards co-funding two deep diamond drill holes to test high-priority targets at the Pokali Prospect where historical drilling intersected significant copper mineralisation over an area spanning approximately 5km long by 2.5 km wide. The recent EIS Grant under Round 26 comes after the Company withdrew from a previously successful EIS Grant under Round 24. Due to delays in receiving a Ministerial Entry Permit, which would permit the Company to access Ngaanyatjarra Central Australia Reserve for the purpose of conducting activities on the Kiwirrkurra Project tenements, the Company was unable to utilise the EIS Grant under Round 24 and therefore decided to re-apply under Round 26, which was successful. The Company wishes to acknowledge the Western Australian government and the Department of Mines, Industry Regulation and Safety ("DMIRS") for their continued investment in exploration. In addition to receiving the latest EIS Grant, the Company has also received a Ministerial Entry Permit ("MEP") from the Minister of Aboriginal Affairs. The MEP now paves the way for the Company to enter Ngaanyatjarra Central Australia Reserve for the purpose of conducting permitted activities on its granted tenements. The Company is now awaiting a Consent to Mine endorsement on its tenements from the DMIRS prior to conducting on ground exploration activities. It is anticipated the Consent to Mine endorsement will be received in a matter of weeks. Bekanntmachung • Oct 07
Rincon Resources Limited, Annual General Meeting, Nov 30, 2022 Rincon Resources Limited, Annual General Meeting, Nov 30, 2022. Bekanntmachung • Sep 28
Rincon Resources Limited Announces `Mammoth' New Copper-Gold Target Southwest of Havieron Rincon Resources Limited announced the results of the latest geophysical modelling at its 100% owned South Telfer Copper-Gold Project, located in the Paterson Province, Western Australia. Reinterpretation of existing geophysical aeromagnetic data using 3D inverted magnetic modelling techniques has defined a significant new target (`Mammoth') 700m to the northeast of the Company's existing Westin Prospect, located 25km southwest of the giant Havieron deposit (5.5Moz Au, 218kt Cu2) and 35km directly along strike of the world-class Telfer Gold Mine. Mammoth is the largest of three new targets defined over a strike length of 15km along the highly prospective Telfer Westin Trend within the Company's highly underexplored Westin tenement area. The new modelling, completed by independent geophysical consultant, Value Adding Resources, shows all targets are relatively shallow with the top of Mammoth starting at approximately 85m below surface, with the deepest target `Hawk-Eye' starting from approximately 310m below surface. The modelled surface expression of the Mammoth target measures 1,700m in strike length and the widest section measuring 500m. The modelled source body orientation strikes northwest-southeast and has a moderate southeast dipping plunge. The current modelling also indicates the Mammoth target extends to a modelled depth approximately 1,100m vertically below the surface. The current results are preliminary and geophysical modelling is ongoing with gravity and versatile time-domain electromagnetic data (VTEM) data to be incorporated in due course to further refine existing and new targets. Mammoth is located 700m northeast of Westin, where historic drillhole WS08039 intersected 8m at 3.85g/t Au from 84m (including 4m at 6.9g/t Au from 88m). WSA08039 was part of a broad, wide spaced aircore drill campaign by Newcrest Mining in 2008 (Newcrest) that tested a section of the highly prospective Telfer Westin Trend from the Newcrest's Ironclad/Dolphy deposits to Rincon's Westin Prospect. Within Rincon's tenements, the drilling identified an anomalous gold-in-bedrock trend over 5km. No drilling has tested the Telfer Westin Trend southeast of Westin. Only one traverse of aircore holes by Newcrest, the same traverse that includes WSA08039, was drilled across the top of Mammoth with hole WSA08028 intersecting 3m at 61ppb Au at the end of hole. The intercept occurred in mafic dolerite according to the drill log data3, that said further work is required to confirm the Mammoth source body is a mafic intrusion. This is very positive however as it appears to demonstrate the Telfer Westin Trend has potential to host Havieron-like breccia-related mineralisation associated with intrusive driven hydrothermal systems. Bekanntmachung • Sep 22
Rincon Resources Limited, Annual General Meeting, Oct 28, 2022 Rincon Resources Limited, Annual General Meeting, Oct 28, 2022, at 11:00 W. Australia Standard Time. Location: Unit 8, 1200 Hay Street West Perth Western Australia Australia Agenda: To consider the ratification of a prior issue; to consider the issue of Shares; to consider the issue of Options and to consider the other matters. Bekanntmachung • Sep 13
Rincon Resources Limited Announces Board Changes Rincon Resources Limited advised that Mr. David Lenigas has been appointed to the board of directors of the Company as Executive Chairman with immediate effect. With Mr. Lenigas appointment as Executive Chairman, the Company's current Chairman Mr. Blair Sergeant will step down as Chairman and will continue to remain with the Company as a Non-Executive Director. Mr. Lenigas is a mining engineer with a Western Australian First Class Mine Managers Certificate. He has extensive corporate experience at Chairman and Chief Executive Officer level on many of the world's leading stock exchanges overseeing multiple business sectors. Mr. Lenigas has held senior financial and management positions in both publicly listed and private enterprises in Australia, United Kingdom, Canada and Africa. Mr. Lenigas is currently the Executive Director of Odessa Minerals Ltd. and Executive Chairman of Riversgold Ltd. Bekanntmachung • Aug 18
Rincon Resources Limited Announces Board Changes Rincon Resources Limited announced the following changes to the board of directors, effective immediately: Appointment of Mr. Donald Strang. The board announced the appointment of Mr. Donald Strang as a non-executive director, effective immediately. Mr. Strang is a member of the Australian Institute of Chartered Accountants and has more than 25 years' experience in corporate finance and the mining and resources industry with a focus on oil and gas, and mining exploration & development projects. He has experience in strategic planning, business development, project evaluation & development, project funding, management, finance and operations. Mr. Strang has held senior financial and management positions in both publicly listed and private enterprises in Australia, Europe and Africa. In addition, Mr. Strang is a graduate of the University of Western Australia with a Bachelor of Commerce majoring in Finance and Accounting as well as holding a Graduate Diploma in Applied Finance with a major in Investment Analysis from the Securities Institute of Australia. Mr. Strang is currently an executive Director of Cadence Minerals Plc and Gunsynd Plc. Mr. Strang owns 300,000 ordinary shares in Rincon representing approximately 0.58% of Rincon's issued share capital. Gunsynd currently holds 8,900,000 shares in Rincon representing approximately 17.34% of Rincon's issued share capital. Mr. Strang has a 2.85% relevant interest in Gunsynd. Resignation of Ms. Caroline Keates: Ms. Keates has tendered her resignation as Director of the company effective immediately. Bekanntmachung • Aug 11
Rincon Resources Limited Provides South Telfer Diamond Drilling Results & Exploration Update Rincon Resources Limited provided an exploration update on the progress of its exploration activities and the results of the Company's Phase 2 drilling campaign at its South Telfer Copper-Gold Project, located in the Paterson Province, Western Australia. Hasties Diamond Drilling: All gold and base metals assay results have now been received for the Exploration Incentive Scheme (EIS) co-funded diamond drillhole 22STDC002, completed in May 2022. No significant gold or copper mineralisation was encountered. The best gold result was 0.25m @ 0.11g/t Au from 498.15m and was associated with weak disseminated pyrite and chalcopyrite within the dolerite sill. Hole 22STDC002 successfully tested the `Hasties Deep' target area for structurally controlled copper- gold mineralisation within the fold-hinge zone at the apex, and along the eastern limb zone, of a folded Dolerite Sill (Dolerite). Unfortunately, no significant or anomalous copper-gold mineralisation was associated with observed zones of alteration, brecciation and sulphide mineralisation. The Company has now commenced a technical review of the Hasties Prospect area which will determine next steps for Hasties, particularly whether targeting mineralisation at depth associated with the Dolerite remains part of the exploration strategy. The potential for additional shallow mineralisation along strike of the Hasties Main and Hasties Southeast Zones remains, in addition to the new untested potential at the Frenchman's and Kurili Hill Prospects. The Company will update the market of the outcomes of this review in due course. As previously announced 11 July 2022, the Company is progressing with its plans to commence aircore drill testing of targets along the Telfer-Westin and Hasties-Grace Trends. Up to 10,000m is planned to systematically test several priority targets including targets along the Telfer-Westin Trend where historical wide-spread aircore drilling defined a 5km long gold-in-bedrock (gold 0.10g/t Au) anomaly including a best intersection of 8m @ 3.85g/t Au from 84m (incl. 4m @ 6.90g/t Au from 88m) in aircore hole WSA08039. In addition, the Company continues to review various acquisition opportunities that may complement its existing portfolio and add long-term shareholder value. Bekanntmachung • Jul 12
Rincon Resources Limited Provides an Update on Activities At the South Telfer Copper-Gold Project Rincon Resources Limited provided an update on activities at the company's South Telfer Copper-Gold Project, located in the Paterson Province, Western Australia. A Native Title heritage clearance survey is scheduled to commence in a matter of weeks to clear drilling targets along the Telfer - Westin Trend. The survey is expected to take a week with clearance to drill anticipated within a month of survey completion. Subject to this forthcoming survey, the Company will have received clearance to test all priority drill targets along both the Telfer - Westin and Hasties - Grace Trends. Target HG1 is planned to be cleared once track access is established to this area. This is an important milestone for the company as it paves the way to progress its exploration strategy at South Telfer with the commencement of its regional aircore drilling program to test new targets outside of the Hasties Tenement Area with the aim of developing a pipeline of additional prospects for ongoing drilling. Up to 10,000m of aircore drilling has initially been planned to test these priority targets, with drilling to be completed on a campaign basis over the next 6 to 12-months. The first campaign will target the Westin Prospect to follow-up the historical drill intersection of 8m at 3.85g/t Au and priority targets TW1 to TW3. The company will update the market once the heritage survey is complete. Bekanntmachung • May 27
Rincon Resources Limited Provides an Update on the Progress of the Company's Phase 2 Drilling Campaign At Its South Telfer Copper-Gold Project Rincon Resources Limited provided an update on the progress of the company's Phase 2 drilling campaign at its flagship South Telfer Copper-Gold Project, located in the Paterson Province, Western Australia, 12km south of the Telfer Gold Mine. The Exploration Incentive Scheme (EIS) co-funded diamond drillhole 22STDC002 is now complete. The EIS hole was designed to test the `Hasties Deep' target area for structurally controlled copper-gold mineralization at the apex, and along the eastern limb zone, of a folded Dolerite Sill (Dolerite). 22STDC002, drilled to 660m, successfully intersected the target fold axis zone near the apex of the Dolerite, approximately 350m below the surface, and about 150m below the deepest drilled copper-gold mineralization at the Hasties Main Zone. The hole proceeded to drill through the Dolerite and tested the eastern limb contact zone. Multiple zones of intense alteration, veining, brecciation and sulphides (mainly pyrite & minor chalcopyrite) were intersected throughout and proximal to target zones, including zones of disseminated sulphides (chalcopyrite ± pyrite), alteration and veining also within the Dolerite. The hole has now been processed and samples sent to the laboratory for assaying. Assay results are expected within 6 to 8 weeks. Next Steps and Other Activities: The company is awaiting the arrival of the RC drill rig to complete the remaining ~2,300m of RC drilling of the Phase 2 drilling program. Prior to this, the Company will complete a comprehensive alteration and structural assessment of 22STDC002, with the assistance of Outcrop Exploration Services. This assessment may result in a revised interpretation of the Hasties mineral system and therefore an alternative strategy for the remaining RC drilling program. Pending completion of the Phase 2 drilling program at Hasties, the following additional activities have been planned for 2022 at the South Telfer Project. 1. Detailed structural mapping over the Hasties Prospect area and advanced 3D modelling of the mapped Hasties geology and structure combined with forthcoming RC and DD drilling data. 2. Up to 10,000m of aircore drilling to commence testing new VTEM targets along the Hasties-Grace and Dolphy-Westin Trends. 3. Orientation Ultrafine Fraction Soil sampling survey over the Westin Prospect area, and 4. Dependant on the results of Phase 2, planning and preparations for follow-up RC and/or DD drilling programs at Hasties, RC drilling at Frenchman's and RC/Aircore drilling Kurili Hill Prospects. Bekanntmachung • May 21
Rincon Resources Limited, Annual General Meeting, Jun 22, 2022 Rincon Resources Limited, Annual General Meeting, Jun 22, 2022, at 10:00 W. Australia Standard Time. Location: Unit 8, 1200 Hay Street West Perth Western Australia Australia Agenda: To ratify the prior issue of advisor options; to approve the issue performance options; and to consider the issue of performance rights to related parties. Bekanntmachung • May 08
Rincon Resources Limited Announces Appointment of Victor Goh Joint Company Secretary Rincon Resources Limited advised that Mr. Victor Goh has been appointed as joint Company Secretary, effective 6 May 2022. Mr. Goh will work alongside the existing Company Secretary, Mr. Zane Lewis, who will continue in his position. Mr. Goh currently works as a corporate advisor at SmallCap Corporate and provides company secretarial, accounting and financial management services for a number of listed and unlisted companies. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Blair Sergeant is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Bekanntmachung • Apr 22
Rincon Resources Limited Reports the Emergence of the Kurili Hill Prospect as a New High-Priority Target Area at its South Telfer Copper-Gold Project Rincon Resources Limited reported the emergence of the Kurili Hill Prospect as a new high-priority target area at its South Telfer Copper-Gold Project located in the Paterson Province of Western Australia, 12km south of the Telfer Gold Mine. The Kurili Hill Prospect, located about 1.7km northwest of Hasties, was first identified and drilled by Newcrest Mining Limited. Newcrest drilled several broad spaced holes to test the outcropping malachite (copper-oxide) rich gossan and breccia but failed to complete further follow-up drilling at depth and along strike, predominantly to the southeast. Significant copper mineralisation was intersected near surface including in historic RC drillhole HWR042, which returned 3m @ 1.00% Cu & 0.17g/t Au from 6m, within a mineralised zone of 10m @ 0.58% Cu & 0.13g/t Au from 1m. Importantly, not only was copper mineralisation intersected at shallow depth below the copper rich gossan/breccia, but it was also intersected over a current strike length of 200m. A recent site inspection observed the significant outcropping malachite (copper-oxide) rich gossan and breccia over at least 200m of strike and up to 20m in width. A review of the historic drilling data indicates the copper mineralisation remains open at depth and untested with the previous wide space drilling by Newcrest failing to test the interpreted moderate to steep west dipping mineralisation immediately down-dip. The next closest hole HWR043 however, drilled 200m to the west of HWR042, intersecting multiple zones of significant copper, including 1m @ 1.95% Cu from 50m, 1m @ 1.60% Cu from 78m, 1m @ 1.02% Cu from 86m and 5m @ 1.02% Cu from 90m downhole, interpreted to be a separate copper bearing horizon to that in HWR042. Bekanntmachung • Apr 08
Rincon Resources Limited Announces Diamond Drilling Commences At Hasties Rincon Resources Limited announced that Diamond Drilling commenced at Hasties. 5,000m Phase 2 Reverse Circulation (RC) and Diamond (DD) drilling program at Hasties has re-commenced. DD drilling to include completion of an EIS co-funded diamond hole (EIS-hole) to test the Hasties Deeps' target area1, 300m below surface. The Phase 2 drilling program initially commenced in December 2021, with 7 RC holes completed for 1,476m. Approximately 3,000m remains to be drilled, including up to 8 RC and 2 DD holes. The DD drilling is estimated to take up to 2-3 weeks, with results expected within 6-8 weeks. The RC drilling is expected to commence shortly after the completion of all diamond drilling. RC drilling in 2021 intersected significant copper-gold (Cu-Au) mineralisation at the new Frenchman's Prospect, with hole 21STRC0322 intersecting: 5m @ 1.74g/t Au from 118m, and 1m @ 2.34g/t Au from 107m within a mineralised zone of 4m @ 0.91g/t Au & 0.12% Cu from 107m. Diamond drilling will include the completion of the EIS Hole, designed to test the `Hasties Deeps' target area approximately 300m below surface and at least 150m below the deepest mineralisation drilled at Hasties Main Zone thus far. The Company is targeting structurally controlled copper-gold mineralisation associated with a folded and dome shaped intrusive dolerite sill, particularly stockwork and breccia style mineralisation proximal to the anticline fold hinge zone at the juncture of the dolerite sill and overlying sediments. Bekanntmachung • Feb 16
Rincon Resources Limited Reports Initial Results from the Phase 2 Drill Program Rincon Resources Limited reported the initial results from the Phase 2 drill program that commenced mid-December 2021. The full Phase 2 program comprises a minimum of 18 holes for ~5,000 metres, however only 7 holes for 1,476 metres were completed before the Reverse Circulation (RC) drill rig left site for the Christmas/New year period. The seven RC holes completed tested two areas, a 300m extension zone along strike to the northwest of the Hasties Main Zone referred to as Hasties Extended and a new target now known as the Frenchman's Prospect. The highlight of the results received from the first half of the Phase 2 drilling program was multiple Cu-Au intersections in hole 21STRC032, drilled at the Frenchman's Prospect, located ~900m north of the Hasties Main Zone. 21STRC032 aimed to test below these intercepts and returned 5m at 1.74g/t Au from 118m and 4m at 0.91g/t Au & 0.12% Cu (incl. 1m at 2.34g/t Au) from 107m down-dip of the previous intercepts and outcropping malachite. These results are encouraging, and the Company will now look to follow up with further drilling at Frenchman's as early as possible. The Cu-Au mineralisation at Frenchman's exists higher up in the sedimentary sequence and confirms the presence of multiple copper bearing units within the host sedimentary sequence (Isdell Formation), increasing the prospectivity of the greater Hasties area. Hasties Extended: Five holes (21STRC028-031 & 033) tested a 300m extension zone of mapped exposures of breccia and gossan along strike to the northwest of the Hasties Mains Zone. All holes intersected various widths of favourable copper-gold style alteration like that previously logged at Hasties. This was seen as encouraging with the potential to extend the Hasties Main Zone to over 600m in strike. Low-level gold mineralisation and negligible copper mineralisation was intersected and associated with zones of brecciation, quartz and disseminated pyrite. Drillhole 21STRC033, the most northerly hole, drilled through multiple zones of favourable alteration and breccia in an area where the mapped breccia/gossan appears to cut out at surface and disrupted by cross-cutting faulting. The hole intersected several zones of low-level gold associated with these breccia zones. Unfortunately, the hole was abandoned at 216m, 34m short of target. Of importance, the best intersection in hole 21STRC033 (3m @ 0.36g/t Au from 196m) occurred at the contact of a silicified and brecciated unit and was associated with elevated antimony (6ppm Antimony) known to be strongly associated with gold mineralisation at Hasties. This is encouraging, and while it's currently inconclusive, it appears the abandoned hole may have just missed the targeted Hasties Main fault structure. This is based on post drillhole interpretation using the Company's in-house 3D model. The Company plans to re-enter 21STRC033 when the RC rig returns to site for the completion of Phase 2 drilling. Diamond Drilling: The Company is pleased to advise that a diamond drill rig will be arriving on site at the end of February to commence drilling the EIS Co-funded diamond hole planned to test the Hasties Deeps Target. The Company drilled a RC pre-collar (21STRCD001) in December 2021 in preparation for a second diamond hole, to be drilled following completion of the EIS Co-funded hole and provided the EIS Co-funded hole successfully intercepts favourable structures along with visual evidence of copper-gold mineralisation. Diamond drilling is expected to take approximately 2 weeks to complete with results to follow within 4-8 weeks from completion. The Company wishes to advise there has been a delay with the completion the RC drilling component of its Phase 2 drilling program primarily due to weather conditions causing road closures, poor access in the region. The Company is consulting with its current drilling contractor to expedite the return of the RC drill rig and will inform shareholders in due course. A further 8 RC holes for an estimated 2,550m remain to complete the RC drilling component of the Phase 2 program. Bekanntmachung • Dec 21
Rincon Resources Limited Provides Drilling Update Rincon Resources Limited provided an update on drilling activities at its flagship South Telfer Copper-Gold Project (South Telfer) located in the Paterson Province, Western Australia, 12km south of the World-Class 32Moz Telfer Gold Mine. Phase 2 drilling will temporarily pause over the Christmas and New Year period and is set to re- commence from 10th January 2022. Seven RC holes have been completed to-date and tested two areas, a 300m extension zone along strike to the northwest of the Hasties Main Zone and a new target referred to as Frenchman's. Five holes have tested a 300m zone of mapped breccia and gossan directly along strike to the northwest of the Hasties Mains Zone. All holes intersected various widths of favourable copper-gold style alteration like that previously logged at Hasties This is highly encouraging and could now extend the Hasties Main Zone to over 600m in strike. Drillhole 21STRC033 was the most northerly and most significant hole in terms of alteration. This hole intersected several zones of favourable alteration in an area where the mapped breccia/gossan appears to cut out and is disrupted by cross-cutting faulting, the significance of which is yet unknown. 21STRC033 intersected two wide zones of siliceous, brecciated quartz veining and disseminated sulphides from 94-124m (30m) and 129-151m (22m) One hole, 21STRC032, was drilled at Frenchman's where a single historic Rotary Air-Blast (RAB) hole intersected anomalous copper-gold mineralisation but was never follow-up. Bekanntmachung • Dec 20
Rincon Resources Limited Announces Exploration Update Rincon Resources Limited announced exploration update. 7 Reverse Circulation (RC) drill holes have been completed for a total of 1,476m complete to date. The balance of the Phase 2 drilling program is expected to re-commence from 10 January 2022 with diamond drilling to commence shortly thereafter. All samples from the first 7 RC holes have been sent to the laboratory for analysis with first results expected late January 2022. Five holes drilled to test and additional 300m of strike extension to the northwest of the Hasties Main Zone. Wide zones of favourable alteration that may be indicative of copper-gold mineralisation was encountered over the 300m of strike tested, extending Hasties Main Zone to over 600m of strike. One hole drilled at Frenchman's, 900m due north of Hasties Main Zone, to test below anomalous copper and gold mineralisation encountered in historic drilling. Several significant zones of favourable alteration that may be indicative of copper-gold mineralisation were intersected over a 104m interval. One RC pre-collar was in preparation for diamond drilling. Board Change • Oct 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Ed Mason was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Jul 25
Rincon Resources Limited Commences Drilling in Paterson Province Rincon Resources Limited announce that drilling has commenced at its wholly owned South Telfer Gold-Copper Project located in the Paterson Province, Western Australia, 12km south of the 32Moz Telfer Gold Mine. The Company's maiden 5,000m Phase 1 RC drilling at the Hasties Prospect has commenced. The programme, targeting Telfer (reef/stockwork) and Havieron (breccia) style mineralisation, aims to achieve the following initial outcomes: Test an interpreted south-eastern plunge to existing mineralisation; Validate zones of gold and copper mineralisation from historic drilling; and Collection suitable material for preliminary metallurgical test work. Results and technical information collected from Phase 1 will primarily be used to lay the groundwork for a maiden mineral resource estimation. Extensional drilling will aim to expand the size and scale of the mineralised system at Hasties Prospect. Bekanntmachung • Jul 14
Rincon Resources Limited Provides an Exploration Update for Its Laverton Gold Project Located in the Laverton Gold District Rincon Resources Limited provided an exploration update for its Laverton Gold Project located in the Laverton Gold District, Western Australia, 4km west of the Laverton townsite. Highlights: The maiden 103 hole, 6,416m metre air-core drill programme completed at the Laverton Gold Project. Four target areas tested, following up historically anomalous drill results and soil geochemical anomalism. Widespread gold intersections returned from multiple areas including: 13m @ 0.30g/t Au from 45m to end-of-hole in 21LAC098; 5m @ 0.45g/t Au from 20m in 21LAC006; 5m @ 0.40g/t Au from 25m in 21LAC001; 5m @ 0.28g/t Au from 65m on 21LAC097; 5m @ 0.26g/t Au from 40m in 21LAC054; 5m @ 0.22g/t Au from 55m in 21LAC081; and 10m @ 0.10g/t Au from 60m in 21LAC099. Area 2 gold mineralisation is associated with a Banded-Iron Formation (BIF) unit - the interpreted southern strike extension of the Gladiator Gold Deposits BIF unit. Planning underway for follow-up reverse circulation drilling to test bedrock gold mineralisation at Area's 1 and 2. Single metre re-sampling of anomalous intersections underway. Additional targeting work underway to identify new areas for drill testing. Eight AC holes (21LAC001-008) were drilled to follow-up an historical Rotary Air-Blast (RAB) intercept of 7m @ 15.95g/t Au1 from 21m. Mineralised zones were observed to consist of ferruginous quartz veinlets associated with a mafic-felsic contact. Gold mineralisation at Area 1, inclusive of the historic drill intercept, has now been intersected over a strike length ~80m and remains open along strike and at depth. In addtion to gold, anomalous silver (Ag) was retruned which is interpreted to be associated with the felsic rocks in the area. Best results include: 21LAC001 - 5m @ 0.40g/t Au from 25m and 15m @ 1.25g/t Ag from surface; and 21LAC006 - 5m @ 0.45g/t Au from 20m. Thirty-three AC holes (21LAC071-103) were completed at Area 2, designed to follow-up a gold trend over 800m of strike defined by 0.10g/t Au (best-in-hole gold value) in historical RAB and AC drill holes. The anomalous gold trend is associated with the interpreted southern extension of the Banded-Iron Formation (BIF) sequence that is associated with the Gladiator Gold Deposits to the north of the Laverton Gold Project. A thick, transported, paleo-channel system was observed to depths of +40m in most cases with the majority of holes requiring to be drilled through the transported cover before intersecting the oxidised bedrock transition zone. Hole 21LAC100 failed to drill through the transported cover and ineffectively tested the lower transitional zone. Lithologies observed included BIF, felsic volcaniclastics, meta-sediments and mafic rocks. Several anomalous gold intercepts were returned, some encouragingly at End-Of-Hole (EOH). Weakly elevated arsenic (As) and Zinc (Zn) was generally associated with gold anomalism and delineate a geochemical association with sediment, particularly BIF. Better results include: 21LAC081 - 5m @ 0.22g/t Au from 55m; 21LAC083 - 5m @ 0.10g/t Au from 35m; 21LAC087 - 5m @ 0.13g/t from 450m; 21LAC089 - 5m @ 0.10g/t Au from 35m; 21LAC089 - 5m @ 0.10g/t Au from 35m; 21LAC096 - 5m @ 0.20g/t Au from 50m; 21LAC097 - 5m @ 0.28g/t Au from 65m; 21LAC098 - 13m @ 0.30g/t Au from 58m to EOH; 21LAC099 - 10m @ 0.10g/t Au from 60m; and 21LAC101 - 4m @ 0.12g/t Au from 50m to EOH. Thirty-three AC holes (21LAC038-070) were completed to test several historical RAB drillhole gold anomalies 0.1g/t Au (best-in-hole gold value) intersected over 250m of strike and associated with the interpreted southern extension of the BIF sequence that is associated with the Gladiator Deposits to the north of the project tenement boundary. The drilling was planned to better define the historical RAB anomalism in hilly terrain (outcrop/sub- crop) in the southern portion of the project. Highly anomalous arsenic (As) (up to 0.1% As) was encountered in several holes, although generally not with elevated gold, and is assumed to be associated with several ferruginous BIF or meta- sediments units observed in the area. Better results include: 21LAC043 - 5m @ 0.16g/t Au from 40m; 21LAC048 - 5m @ 0.10g/t Au from 110m, and 21LAC054 - 5m @ 0.10g/t Au from 5m; 5m @ 0.26g/t Au and 0.58g/t Ag from 40m. Twenty-six AC holes (21LAC009-037) were completed across two wide spaced lines at the GG anomaly. Drilling was designed to follow-up an historical RAB intercept of 4m @ 1.55g/t Au2 from 21m coincident with the GG multi-element gold-in-soil geochemical anomaly. The geology observed in the drilling consisted of felsic volcaniclastics, felsic intrusives and mafic to ultramafic rocks. Associated with gold mineralisation was low-level silver (Ag) and to a lesser extent, weakly elevated antimony (Sb), zinc (Zn) and arsenic (As). Better results include: 21LAC037 - 5m @ 0.13g/t Au from 50m. 21LAC025 - 4m @ 0.09g/t Au and 3.6g/t Ag from 85m to EOH. Next Steps: Single metre re-sampling of anomalous intersections is underway Area's 1 and 2 have identified for follow-up reverse circulation drilling to test bedrock gold anomalism. This is currently being planned and likely to be scheduled for the 4th quarter 2021. Additional target generation work is currently underway aimed at identifying new areas of interest within the greater Laverton Project area. Bekanntmachung • Jul 06
Rincon Resources Limited Announces South Telfer Gold-Copper Project Update Rincon Resources Limited provided an exploration update for its South Telfer Gold-Copper Project located in the Paterson Province, Western Australia, 12km south of the 32Moz Telfer Gold Mine. 5,000m Phase 1 RC Drilling The Company's maiden 5,000m Phase 1 RC drilling at the Hasties Prospect will commence mid- July. The programme, targeting Telfer (reef/stockwork) and Havieron (breccia) style mineralisation, aims to achieve the following initial outcomes: Extensional drilling to test an interpreted south-eastern plunge to existing mineralisation; To validate zones of gold and copper mineralisation from historic drilling; and Collection of suitable material for preliminary metallurgical test work. Results and technical information collected from Phase 1 will primarily be used to lay the groundwork for a maiden mineral resource estimation. Extensional drilling will aim to expand the size and scale of the mineralised system at Hasties Prospect. Phase 1 drilling is expected to take 3-4 weeks with a further 4-5 weeks post drilling for the receipt of assays. Data from the recent Gradient Array Induced Polarisation (GAIP) geophysical survey over the main Hasties Prospect (Hasties) has now been processed and interpreted by geophysical consultants, Resource Potentials. High-resolution aeromagnetic survey data was also re-processed, imaged and modelled in 3D for estimating source body locations at depth. When compared to historical drilling by Newcrest Mining (Newcrest), the source of the Hasties magnetic anomaly is now interpreted to represent a folded dolerite sill at about 300m depth, forming the core of an anticline bounded by a major north-west trending shear to the north. Chargeability and resistivity anomaly trends in the GAIP data have been interpreted to be caused by shale and siltstone beds within the Lamil Group meta-sedimentary host rocks, highlighting limbs of a tight anticlinal fold at Hasties. Bekanntmachung • May 25
Rincon Resources Limited Provides an Exploration Update for its Laverton Gold and Telfer Gold-Copper Projects in Western Australia Rincon Resources Limited provided an exploration update for its Laverton Gold and Telfer Gold-Copper Projects located in Western Australia. Laverton Gold Project: A maiden 103 hole, 6,416m Air Core (AC) drill programme has been recently completed at the Laverton Gold Project aimed to define gold mineralisation over four priority areas. All holes were drilled at -60 degrees to the west with samples collected as 5m composites. AC drill samples have been dispatched to the laboratory with results expected in June. The following targets were tested: GG Anomaly - Historical rotary air-blast (RAB) drill intercept of 4m @ 1.55g/t Au from 21m associated with the GG multi-element soil geochemical anomaly. Area 1 - Historical RAB intercept of 7m @ 15.95g/t Au from 21m. Area 2 - Several historical RAB and AC drill holes containing anomalous best gold in hole values (> 0.1g/t Au) over 800m of strike length, associated with the interpreted southern extension of a Banded Iron Formation (BIF) sequence that hosts the Gladiator Gold deposits to the north of the project; and Area 3 - Several historical RAB drill holes containing anomalous best in hole gold values (> 0.1g/t Au) over 250m of strike, associated with the interpreted southern extension of the BIF sequence that hosts the Gladiator deposits to the north. South Telfer Gold-Copper Project: The Company has been undertaking various activities at the South Telfer Gold-Copper Project. Activities have included: Native Title heritage clearance survey at the Hasties prospect in preparation for drilling; Flying of a regional Versatile Time Domain Electromagnetic (VTEM) geophysical survey: Completion of a Gradient Array Induced Polarisation (GAIP) survey at the Hastie's prospect; and Engagement of a Reverse Circulation (RC) drill contractor to complete a maiden drill program at Hasties. Drilling: At the Hasties Prospects, recently completed Heritage surveys cleared all proposed drill areas with no sites of significance identified. This has enabled the Company to secure a contractor to carry out Rincon's maiden 5,000m RC drilling programme at the project. The planned RC drilling programme is located at both the Hasties and Hasties South East Prospects where historical exploration returned very encouraging gold-copper drill intercepts which require further infill and extensional drilling. Drilling is scheduled to commence in late June to early July following site preparation works and is expected to be completed within 4 weeks from commencement. Bekanntmachung • Feb 16
Rincon Resources Limited Provide an Update on Exploration Activities At Its Laverton and South Telfer Projects in Western Australia Rincon Resources Limited provide an update on exploration activities at its Laverton and South Telfer Projects in Western Australia. Infill soil sampling has commenced at Laverton, aiming to better define geochemical anomalism delineated in its recent program. The focus of this program is the southern extension of the Sunshine-Corio Shear Zone (SCSZ) south of the GG Anomaly. A detailed photo-geological interpretation has been completed at the Hasties Prospect, which is part of the South Telfer Project. The interpretation has identified eighteen (18) targets of which seven (7) are deemed high priority. Planning for regional geophysical surveys at South Telfer has been finalised with a 1,100 line km airborne VTEM survey scheduled for early Second Quarter 2021. Heritage surveys at Hasties are also scheduled to commence early Second Quarter 2021, to allow commencement of a maiden RC drilling program of up to 5,000m. Bekanntmachung • Jan 22
Rincon Resources Limited Receives Soil Sampling Results for 770 Soil Samples Collected At Its Laverton Gold Project, Western Australia Rincon Resources Limited announced that it has received soil sampling results for 770 soil samples collected at its Laverton Gold Project, Western Australia. Results have extended the previously identified GG anomaly with coincident anomalous Au, As and Sb results, correlating with interpreted position of cross cutting north-west trending faults interacting with the SCSZ. In addition, the wide spaced sampling has identified a number of new targets within the project area, particularly to the south of the GG anomaly. Bekanntmachung • Dec 19
Rincon Resources Limited has completed an IPO in the amount of AUD 6 million. Rincon Resources Limited has completed an IPO in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012
Transaction Features: Sponsor Backed Offering