Duketon Mining signs option agreement to acquire Boodanoo Gold Project

Core Viewpoint - Duketon Mining (DKM) has signed an option agreement to acquire the Boodanoo Gold Project, enhancing its exploration portfolio in Western Australia [1][3]. Group 1: Acquisition Details - DKM has the right to purchase 100% of the Boodanoo Gold Project for a non-refundable payment of A$7,500 (approximately $4,949) within a 12-month exclusive option period [1]. - The company may exercise its option by issuing 500,000 fully paid ordinary shares to Western Yilgarn during the option period [1]. Group 2: Exploration Plans - During the exclusive option period, DKM plans to conduct exploration activities to assess the mineralisation and potential of the Boodanoo project [2]. - The project includes a 2km gold anomaly identified in 2021 through soil sampling, and DKM aims to perform detailed surface sampling and geological mapping [2]. Group 3: Strategic Alignment - The acquisition aligns with DKM's strategy of acquiring low-entry cost projects that can be rapidly advanced through exploration [4]. - The Boodanoo site is located on the western margin of the Windimurra layered mafic-ultramafic intrusive complex, featuring Archean metagabbro and meta-monzogranite [4].