Voltaic Strategic Resources (ASX:VSR) has agreed to acquire three Western Australian gold projects for $330,000 cash plus up to $2 million in deferred payments.
The company will acquire 100% of five granted exploration licences comprising the Rocky Ridge, Three Springs, and Tampia West gold projects through the purchase of exploration company Diamandia from Famien Resources (ASX:FMN).
Rocky Ridge contains over 6.5km of untested strike extent associated with a geophysical anomaly within a granite intrusive complex. Previous exploration identified mineralisation indicators along the tested portion of the anomaly.
Meanwhile, Three Springs contains multiple aeromagnetic targets interpreted to represent folded greenstone and gneiss units. Historical exploration included an auger geochemical program comprising 1,546 samples, which showed high prospectivity for gold mineralisation.
Finally, Tampia West is located approximately 20km west of the Tampia gold deposit and contains structural and aeromagnetic targets within an interpreted geological setting dominated by deformed felsic and mafic gneiss beneath shallow soil cover.
Chairman Daniel Raihani says the acquisitions significantly expand Voltaic’s exposure to gold in WA at a ‘modest’ acquisition cost.
“The acquisition gives Voltaic a broader pipeline of gold projects which we can systematically assess and prioritise alongside our existing portfolio,” Raihani says.
The deferred consideration includes milestone payments ranging from $250,000 for a 25,000-ounce mineral resource estimate at Rocky Ridge up to $1 million for a 200,000-ounce resource, all at a 0.50 gram-per-tonne gold cut-off grade.
Completion is expected this month (October 2026), subject to Famien providing evidence that Diamandia has no liabilities or encumbrances. Either party may terminate the agreement if conditions are not satisfied by 31 October 2026.
The company intends to commence compilation and review of historical exploration datasets across the three projects to rank targets and define follow-up exploration programs.
Initial activities are expected to focus on the untested geophysical trend at Rocky Ridge.
Voltaic Strategic Resources holds a gold and critical minerals portfolio in WA.
Write to Paula Fabe at Mining.com.au
Main image: Voltaic Strategic Resources
