White Energy (ASX:WEC) has acquired a 51% interest in the Specimen Hill Project in Queensland, as part of a farm-in agreement with privately held Signature Gold.
The Specimen Hill Project is located 20km to the northeast of Biloela in central Queensland, and has been explored for intrusive-related gold mineralisation.
The farm-in agreement provides White Energy’s subsidiary Amerod Resources to acquire an ongoing interest in the tenements and project in stages.
White Energy says the first stage was an expenditure of $1 million, which was achieved in 12 months. Amerod provided notice to Signature Gold and Tectonic Gold (AQSE:TTAU) that it had met this commitment on 26 March 2025. Tectonic is listed on the Aquis Stock Exchange, which is designed specifically for growth enterprises, providing a growth channel from start-up to scale-up and beyond.
The second stage of the farm-in requires an expenditure by Amerod of a further $1 million by the fourth anniversary of the agreement to acquire a further 25% of the project. Amerod has advised Tectonic that it is proceeding with the second earn-in under the deal.
Further, the third stage is an option to acquire the remaining 24% of the project for a further $2 million within one year of completing stage two.
White Energy is assessing potential trenching locations, as well as advancing infill soil and rock chip sampling over priority areas to evaluate and define drill target locations.
In April 2024, a detailed aerial magnetic survey was completed and has been followed up with extensive ionic sampling and field mapping, which is ongoing. To date, work has indicated the presence of numerous distinct copper rich mineral systems with geochemical zoning consistent with a copper porphyry model.
White Energy is a global resources company focused on emerging technologies in mineral exploration through the application of specialised lithospheric-scale imaging and ionic geochemistry.
Write to Aaliyah Rogan at Mining.com.au
Images: White Energy
