Dalaroo completes Soil Sampling at Bondoukou Gold Project
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
ASX: DAL | OTCQB: DALMF 12 May 2026
Dalaroo Completes Large-Scale Soil Program Across Emerging
9km Gold Corridor at the Bondoukou Project, Côte d’Ivoire
4,400+ Samples Completed Across Priority 1 and Priority 2 Areas as
Company Advances Toward Maiden Drilling
Dalaroo Metals Ltd (ASX: DAL; OTCQB: DALMF) (“Dalaroo” or “the Company”) is pleased to announce the
completion of its large-scale systematic soil geochemistry program at the Gold Ridge Prospect within the
Bondoukou Gold Project in Côte d’Ivoire.
The completed program marks a major milestone in the Company’s exploration strategy and represents the
first systematic district-scale geochemical coverage completed across the interpreted ~9km long mineralised
corridor at Gold Ridge.
The program successfully completed both the Priority 1 south-eastern block and the Priority 2 north-western
block, significantly expanding surface geochemical coverage over highly prospective structural corridors
associated with artisanal gold workings, quartz veining, favourable Birimian host lithologies and interpreted
regional shear zones.
A total of 4,363 samples, including soil, channel, grab and QA/QC samples, have now been dispatched to
Intertek Laboratory for analysis, with assay results expected to assist in defining high-priority drill targets for
trenching, auger drilling and maiden RC drilling programs.
Highlights
• Large-scale soil geochemistry program completed across both Priority 1 and Priority 2 target blocks
at Gold Ridge Prospect
• Systematic coverage completed over interpreted ~9km long mineralised corridor
• A total of 3,612 primary soil samples were collected across the Priority 1 and Priority 2 programs,
with a total of 4,363 soil, channel, grab and QA/QC samples dispatched to Intertek Laboratory for
analysis.
• Historical rock-chip results include grades up to 17.95 g/t Au along interpreted structural corridor 1
• Program designed to test extensions of previously identified 2.5km x 400m gold corridor 2
• Field teams completed approximately 194.5km of soil sampling lines on 200m x 50m grid spacing
• Channel sampling completed over Dingbi and Amodi artisanal workings:
o 71 channel samples collected
o 14 grab samples collected
• Extensive quartz veining, iron oxide alteration and artisanal workings continue to support
interpretation of an extensive hydrothermal alteration system
• Assay results expected to generate multiple drill-ready targets across the Bondoukou Project.
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Large-Scale Soil Program Completed
The soil geochemistry program was designed as a systematic high-resolution exploration program to define
the extent, continuity and intensity of gold mineralisation across the Gold Ridge Prospect.
The program specifically targeted extensions of previously identified gold anomalism associated with:
• Historical artisanal gold workings
• Quartz veining and stockworks
• Structurally controlled mineralisation trends
• Birimian metasedimentary and metavolcanic host rocks
• Interpreted regional shear corridors
Priority 1 focused on the south-eastern portion of the corridor, while Priority 2 extended coverage toward
the north-western structural block, including the Amodi and Amoitini sectors.
The completed program provides near-continuous geochemical coverage across the broader interpreted
mineralised corridor and is expected to significantly enhance structural interpretation and drill targeting
across the Project.
Figure 1. Gold Ridge Prospect Soil Sampling Progress Map – Completed Priority 1 and Priority 2 Grid Coverage.
Map showing completed soil sampling lines across the Priority 1 south-eastern block and Priority 2 north-western block over interpreted geology
and structural trends. Sampling completed on a 200m x 50m grid across the interpreted ~9km mineralised corridor highlighting Dingbi, Amodi,
Amoitini and Kogodjan target areas.
For More Information on this release click here.
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Soil Sampling Program Summary
The soil geochemistry survey was completed using industry-standard exploration methodologies widely
applied across major Birimian gold discoveries in West Africa.
Program Statistics
• Grid spacing: 200m line spacing x 50m sample spacing
• Total line length completed: ~194.5km
• Total primary soil samples collected: 3,612
• Total soil samples dispatched: 4,060
• Total samples dispatched to the laboratory: 4,363, including surface samples and artisanal workings
samples
• Target corridor length: ~9km
• Sampling orientation: Across the interpreted NW-SE structural corridor
The survey was designed to identify coherent geochemical anomalies associated with shear-hosted and
structurally controlled gold mineralisation and to define potential extensions to previously identified
mineralised trends.
Figure 2. Priority 1 and Priority 2 Soil Sampling Areas Over Geophysical Imagery.
Plan map illustrating completed soil sampling coverage relative to interpreted structural corridors, geophysical trends and historical high-grade
rock-chip anomalism1. The completed program provides near-continuous geochemical coverage across the broader Gold Ridge structural corridor.
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Geological Observations Continue to Strengthen Exploration Model
Field observations completed during the soil program continue to support the interpretation of a large-scale
hydrothermal gold system at Gold Ridge.
Priority 1 areas are interpreted to be dominated by metasedimentary lithologies with extensive duricrust
development containing:
• Iron oxides
• Manganese oxides
• Quartz fragments
• Priority 2 areas are interpreted to be predominantly underlain by metavolcanic lithologies with clay-
rich weathering profiles and abundant quartz fragments.
Field teams also reported widespread:
• Hematite alteration
• Goethite alteration
• Limonite alteration
• Quartz stockworks and quartz vein fragments
These features are considered encouraging pathfinder indicators commonly associated with Birimian gold
systems throughout West Africa.
The Company notes that geological observations are encouraging indicators of hydrothermal activity;
however, assay results remain pending and no conclusions regarding the presence or continuity of economic
mineralisation can yet be drawn.
Figure 3. Gold Ridge Field Observations – Quartz Veining, Alteration and Soil Sampling Activities.
Field photographs showing representative quartz veining, iron oxide alteration, artisanal workings and systematic soil sampling activities
completed during the April 2026 exploration program.
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Dingbi and Amodi Artisanal Workings – Channel Sampling Completed
Parallel exploration work was undertaken across the Dingbi and Amodi artisanal mining areas to better
understand the geometry and controls of mineralisation.
Sampling Completed
• 71 channel samples collected
• 14 selective grab samples collected
• Structural measurements including dip and dip direction recorded
Channel sampling was completed within artisanal pits and saprolite exposures developed by local miners.
Sampling targeted altered schistose sedimentary units containing quartz veinlets and sulphide-bearing
quartz material.
Grab samples commonly comprised brecciated milky and smoky quartz containing disseminated pyrite, iron
oxide alteration and local potassic and carbonate alteration.
The Company considers this work important for refining structural interpretation and prioritising first-pass
drill targets.
Figure 4. Dingbi Artisanal Workings Showing Channel Sample Locations.
Map showing completed channel sample locations and artisanal workings developed along interpreted mineralised structures at Dingbi Prospect.
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Figure 5. Gold Ridge Field Observations – Alteration and Channel Sampling Activities.
Field photographs showing representative iron oxide alteration, artisanal workings and systematic channel sampling activities completed during
the April 2026 exploration program.
Regional Setting and Prospectivity
The Bondoukou Project is located within the Birimian Greenstone Belt of Côte d’Ivoire, one of the world’s
most prospective gold provinces.
The Project is located approximately 35km northwest of Endeavour Mining’s Tanda-Iguela gold system and
within a region hosting multiple multi-million-ounce gold deposits.
Gold mineralisation in the region is commonly associated with:
• Regional shear zones
• Fold-related structural traps
• Quartz veining systems
• Volcano-sedimentary contacts
• Rheological contrasts between lithologies
Extensive artisanal workings developed along interpreted shear zones provide strong evidence for near-
surface gold mineralisation across the Project area.
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Figure 6. Location of Dalaroo Côte d’Ivoire Projects Relative to Major Regional Gold Deposits.
Regional geological map showing Dalaroo’s Côte d’Ivoire project portfolio within the Birimian Greenstone Belt relative to major gold deposits and
regional structural corridors.
Upcoming Catalysts
Over the coming months, planned activities include:
• Receipt of soil, channel and grab sample assay results
• Identification of coherent gold anomalies
• Integration of geochemistry with structural interpretation and geology
• Definition of high-priority drill targets
• Commencement of trenching and auger drilling programs
• Planning for maiden RC drilling campaign
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Management Commentary
Exploration Manager – West Africa, Frank Twum-Berima Bosompem, commented:
“The successful completion of both Priority 1 and Priority 2 soil programs represents an important technical
achievement for the exploration team. Geological observations throughout the campaign consistently
highlighted strong structural controls, widespread alteration and extensive quartz veining associated with
artisanal gold workings.
The continuity of the interpreted corridor, combined with the scale of the surface geochemical coverage
completed, continues to support the Company’s exploration model for a potentially significant structurally
controlled Birimian gold system. We now look forward to integrating assay results with geology and structural
interpretation to rapidly advance toward drilling.”
Dalaroo’s CEO John Morgan commented:
“The completion of this large-scale soil geochemistry program represents a major milestone for Dalaroo and
significantly advances our understanding of the Gold Ridge system at Bondoukou.
The scale of the corridor, widespread artisanal workings, extensive quartz veining and strong structural
setting continue to reinforce our belief that Bondoukou has the potential to host a significant Birimian gold
system.
Importantly, the program has now delivered systematic geochemical coverage across the broader interpreted
mineralised corridor, positioning the Company strongly as we move toward assay results, target generation
and maiden drilling programs.
With over 4,300 samples now submitted for analysis, we are entering a highly active phase of news flow and
look forward to advancing Bondoukou toward drill testing in the near term.”
References:
1. Refer Dalaroo ASX announcement, 9th of March 2026:
“Bondoukou Goldridge Due Diligence Assay Results”
2. Refer Dalaroo ASX announcement, 19th of March 2026:
“Major 2.5 km Gold Drill Target Defined at Gold Ridge Bondoukou Project, Côte d’Ivoire”
This announcement has been authorised for release to the ASX by the Company's Board of Directors.
ENDS
For more Information:
Please visit our website for more information: Dalaroo Metals Website
John Morgan
Chief Executive Officer
T: +61 410 774 319
E: info@dalaroometals.com.au
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About Dalaroo Metals
Dalaroo Metals Limited is an ASX-listed exploration company focused on the discovery and development of
high-quality gold and critical minerals projects across Australia and international jurisdictions.
The Company’s portfolio includes the Blue Lagoon Project in south-west Greenland, prospective for rare
earth elements (REE), zirconium and niobium, a growing suite of gold exploration assets in Côte d’Ivoire
located within the highly endowed Birimian Greenstone Belt of West Africa, and the Lyons River Project and
Namban Project in Western Australia.
Dalaroo’s strategy is to systematically advance its projects through modern exploration techniques, resource
definition and strategic partnerships, with a strong focus on value creation for shareholders. The Company
is committed to responsible exploration, strong corporate governance and building long-term stakeholder
relationships in the regions in which it operates.
Competent Persons Statement
The information in this report that relates to exploration results is based on information compiled by John
Morgan, a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and the CEO of Dalaroo
Metals Ltd. Mr Morgan has sufficient experience relevant to the style of mineralisation and type of deposit
under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2012
Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves
(JORC Code). Mr Morgan consents to the inclusion in this report of the matters based on this information in
the form and context in which it appears.
Forward Looking Statements
This announcement contains forward-looking statements which are based on current expectations,
assumptions, estimates and projections. Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause actual results, performance or achievements to differ
materially from those expressed or implied. These risks include, but are not limited to, exploration success,
geological interpretation, commodity price fluctuations, regulatory approvals, permitting timelines,
operational risks and market conditions.
Any statements regarding potential mineralisation, exploration targets, grades, scale or development
concepts are conceptual in nature and based on early-stage surface sampling only. These statements do not
constitute, and should not be construed as, a Mineral Resource or Ore Reserve estimate as defined under
the JORC Code. References to peer projects, market pricing, strategic significance or potential future
development pathways are provided for contextual purposes only and should not be interpreted as a
forecast of future performance or valuation. Dalaroo Metals Limited undertakes no obligation to update or
revise any forward-looking statements, except as required by law.
The Company confirms that it is not aware of any new information or data that materially affects the
information included in the referenced market announcements and that all material assumptions and
technical parameters underpinning those announcements continue to apply and have not materially
changed.
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JORC Table 1 (Section 1 & 2)
Section 1: Sampling Techniques and Data
Sub-section JORC Code Explanation Disclosure
Sampling
techniques
Nature and quality of sampling (eg cut channels,
random chips, or specific specialised industry-
standard measurement tools appropriate to the
minerals under investigation, such as downhole
gamma sondes, or handheld XRF instruments,
etc). These examples should not be taken as
limiting the broad meaning of sampling Include
reference to measures taken to ensure sample
representativity and the appropriate calibration of
any measurement tools or systems used.
Aspects of the determination of mineralisation
that are Material to the Public Report.
In cases where ‘industry-standard’ work has been
done this would be relatively simple (eg ‘reverse
circulation drilling was used to obtain 1 m samples
from which 3 kg was pulverised to produce a 30 g
charge for fire assay’). In other cases, more
explanation may be required, such as where there
is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (eg
submarine nodules) may warrant disclosure of
detailed information.
Soil samples collected from shallow pits along
a systematic grid (200m × 50m spacing).
Samples typically collected from the B-horizon
where available. Sampling focused on
detecting geochemical dispersion associated
with underlying gold mineralisation.
Drilling techniques
Drill type (eg core, reverse circulation, open- hole
hammer, rotary air blast, auger, Bangka, sonic, etc)
and details (eg core diameter, triple or standard
tube, depth of diamond tails, face-sampling bit or
other type, whether core is oriented and if so, by
what method, etc).
Not applicable. No drilling undertaken.
Sample recovery
Method of recording and assessing core and chip
sample recoveries and results assessed.
Measures taken to maximise sample recovery and
ensure representative nature of the samples.
Whether a relationship exists between sample
recovery and grade and whether sample bias may
have occurred due to preferential loss/gain of
fine/coarse material.
Soil samples collected manually using hand
tools. Sample quality controlled by ensuring
consistent depth and horizon selection. No
recovery issues identified.
Logging
Whether core and chip samples have been
geologically and geotechnical logged to a level of
detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical
studies.
Whether logging is qualitative or
quantitative in nature. Core (or
costean/trench, channel, etc)
photography.
The total length and percentage of the relevant
intersections logged.
Field logging includes lithology, soil type,
colour, alteration indicators (hematite,
goethite, limonite), and presence of quartz
fragments. Data recorded at each sample
location.
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Sub-section JORC Code Explanation Disclosure
Sub-sampling
techniques /
sample
preparation
If core, whether cut or sawn and whether quarter,
half or all core taken. If non-core, whether riffled,
tube sampled, rotary split, etc and whether
sampled wet or dry.
For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling. Whether sample
sizes are appropriate to the grain size of the
material being sampled.
Samples collected in pre-numbered bags and
transported to camp. Samples will be dried,
sieved (typically -80 mesh fraction) and
prepared using industry-standard laboratory
procedures.
Quality of assay
data and
laboratory tests
The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
For geophysical tools, spectrometers, handheld
XRF instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(ie lack of bias) and precision have been
established.
Samples collected during the program have
been submitted to Intertek Laboratories in
Yamoussoukro, Côte d’Ivoire, for gold and
multi-element analysis using industry-standard
analytical methods, including aqua regia
and/or fire assay where appropriate.
Laboratory QA/QC procedures include the
insertion of certified reference standards,
blanks and duplicates. Field QA/QC measures,
including field duplicates and blanks, were also
implemented throughout the sampling
program to support data integrity and
analytical reliability.
Verification of
sampling and
assaying
The verification of significant intersections by
either independent or alternative company
personnel.
The use of twinned holes. The verification of
significant intersections by either independent or
alternative company personnel. Discuss any
adjustment to assay data
Sampling supervised by experienced Dalaroo
geological staff. Sample locations recorded
using handheld GPS. Data validated prior to
database entry.
Location of data
points
Accuracy and quality of surveys used to locate drill
holes (collar and down- hole surveys), trenches,
mine workings and other locations used in Mineral
Resource estimation.
Specification of the grid system used Quality and
adequacy of topographic control
Sample coordinates recorded using handheld
GPS (WGS84 datum, UTM Zone 30N). Accuracy
estimated ±5–10 m, appropriate for
reconnaissance exploration.
Data spacing and
distribution
Data spacing for reporting of Exploration Results
Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
Whether sample compositing has been applied
Grid spacing of 200m × 50m is appropriate for
early-stage geochemical targeting. Data density
sufficient to define coherent anomalies for
follow-up exploration.
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Sub-section JORC Code Explanation Disclosure
Orientation of data
in relation to
geological
structure
Whether the orientation of sampling achieves
unbiased sampling of possible structures and the
extent to which this is known, considering the
deposit type.
If the relationship between the drilling orientation
and the orientation of key mineralised structures
is considered to have introduced a sampling bias,
this should be assessed and reported if material.
Sampling grid oriented across interpreted
structural trends (NW–SE corridor) to
effectively detect geochemical anomalies
parallel to mineralisation controls.
Sample security
The measures taken to ensure sample security Samples stored securely at site camp prior to
transport to laboratory. Sample tracking
maintained using unique sample IDs and
submission sheets.
Audits or reviews
The results of any audits or reviews of sampling
techniques and data
No external audits undertaken at this stage.
Internal review by Company geologists
confirms procedures are appropriate for early-
stage exploration.
Section 2: Reporting of Exploration Results
Sub-section JORC Code Explanation Disclosure
Mineral
tenement and
land tenure
status
Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.
The Bondoukou Project comprises the Goldridge
exploration permit located in eastern Côte
d’Ivoire, within the Birimian greenstone terrane of
West Africa.
Dalaroo Metals Ltd has entered into an agreement
to acquire up to an 80% interest in the permit
through a joint venture arrangement with the
current permit holder, Goldridge SARL, a locally
registered company in Côte d’Ivoire. Under the
terms of the agreement, Dalaroo may earn its
interest through staged exploration expenditure
and project advancement milestones.
At the time of reporting, the permit is considered
to be in good standing, and the Company is not
aware of any material impediments to conducting
exploration activities within the licence area.
Exploration activities are subject to the standard
regulatory approvals and compliance
requirements of the Côte d’Ivoire mining code and
environmental regulations.
The project area includes historical and active
artisanal mining activity, which is common within
the Birimian gold belts of West Africa. The
Company intends to engage with relevant
stakeholders and local communities to ensure
exploration activities are conducted responsibly
and in accordance with applicable regulations.
The Company is not aware of any national parks,
wilderness reserves, or protected areas within the
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Sub-section JORC Code Explanation Disclosure
licence area that would materially restrict
exploration activities.
The tenure is considered secure at the time of
reporting, subject to compliance with the terms
and conditions of the permit and applicable
regulatory requirements.
Exploration done
by other parties
Acknowledgment and appraisal of
exploration by other parties.
Historical artisanal mining activity present across
the licence area, indicating near-surface gold
occurrences. The Company is not aware of any
previously reported district-scale systematic soil
geochemistry programs across the Gold Ridge
corridor.
Geology
Deposit type, geological setting and style of
mineralisation.
Project located within the Birimian Greenstone
Belt. Gold mineralisation typically associated with
shear zones, quartz veining and fold-related
structures.
Drill hole
information
A summary of all information material to the
understanding of the exploration results
including a tabulation of the following
information for all Material drill holes:
· easting and northing of the drill hole collar
· elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole collar
· dip and azimuth of the hole
· down hole length and interception depth
· hole length
· If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the case.
No drilling has been undertaken at the Bondoukou
Project by Dalaroo Metals at the time of reporting.
Data aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material
and should be stated.
Where aggregate intercepts incorporate short
lengths of high grade results and longer lengths
of low grade results, the procedure used for such
aggregation should be stated and some typical
examples of such aggregations should be shown
in detail.
The assumptions used for any reporting of metal
equivalent values should be clearly stated.
No assay results reported at this stage.
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Sub-section JORC Code Explanation Disclosure
Relationship
between
mineralisation
widths and
intercept lengths
These relationships are particularly important in
the reporting of Exploration Results.
If the geometry of the mineralisation with
respect to the drill hole angle is known, its nature
should be reported. If it is not known and only
the down
hole lengths are reported, there should be a clear
statement to this effect (eg ‘down hole length,
true width not known’).
Not applicable. Soil geochemistry program is
surface-based and does not define true widths.
Diagrams
Appropriate maps and sections (with scales) and
tabulations of intercepts should be included for
any significant discovery being reported. These
should include, but not be limited to a plan view
of drill hole collar locations and appropriate
sectional views
Refer to Figures 1–3 showing sampling grid,
progress and field activities.
Balanced
reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced
avoiding misleading reporting of Exploration
Results.
No assay results available at this stage. This
announcement reports on the completion of the
soil sampling program. Assay results are pending
and no exploration results are being reported at
this stage.
Other substantive
exploration data
Other exploration data, if meaningful and
material, should be reported including (but not
limited to): geological observations; geophysical
survey results; geochemical survey results; bulk
samples – size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
Substantive exploration activities completed to
date include approximately 4,400 soil, channel,
grab and QA/QC samples. Planned follow-up
activities include interpretation of assay results,
anomaly definition, trenching, auger drilling and
RC drilling.
Further work
The nature and scale of planned further work (eg
tests for lateral extensions or large-scale step out
drilling.
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.
Completion of soil sampling, receipt of assays,
anomaly definition, followed by trenching, auger
drilling and RC drilling.
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