Gold, antimony and momentum: Siren targets NZ’s | Australian Markets

Siren Gold has kicked into gear with a $4 million capital raise that’s set to speed up drilling at its flagship Sams Creek gold project in New Zealand and unlock recent worth from high-grade antimony-gold targets at its Langdons and Queen Charlotte initiatives. The raise, backed by sturdy institutional and subtle investor assist, marks a turning level for Siren because it sharpens its concentrate on useful resource growth and development throughout a portfolio positioned squarely within the path of report gold and antimony costs.

At the center of the story sits Sams Creek, a seven-kilometre-long porphyry dyke system hosted in Golden Bay within the northwest of New Zealand’s South Island.

With a JORC-compliant mineral useful resource estimate of 824,000 ounces at 2.8 grams per tonne (g/t) gold, Sams Creek already ranks as one of the nation’s largest undeveloped gold deposits. Yet more than 90 per cent of drilling up to now has been targeting the Main Zone fold, leaving a number of interpreted fold targets open alongside strike and at depth.

Recent step-out drilling highlighted the size of the chance. Wide mineralised intercepts, together with 47 metres at 2.2g/t, 61m at 2.5g/t, 42m at 3.2g/t and 22m at 5.4g/t gold, level to continuity properly past the outlined useful resource. Siren’s technical director Paul Angus says Sams Creek stays one of New Zealand’s “last great underexplored gold systems”, and 3D geological modelling suggests important upside from a number of northeast-plunging shoots that reach into untested zones.

The funds raised will bankroll more than 3000m of infill and step-out drilling focusing on Carapace, SE Traverse and the Main Zone blocks, aimed toward changing a substantial portion of the present inferred ounces into the higher-confidence indicated class by mid-2026.

An up to date scoping research is scheduled for release within the third quarter of 2026. It is predicted to include new geotechnical and metallurgical information as Siren progresses towards development, pending a determination on its mining allow software, anticipated this 12 months.

Importantly, Siren’s latest $4 million capital raise was accomplished at 5 cents a share. In the times since, the company’s stock has rallied to about 7c a share, representing a rally of about 40 per cent on the location price. Notably, trading volumes recommend little proof of members flipping stock into the market, implying that the raise has been tightly held and signalling stable investor conviction within the company’s near-term strategy.

This funding permits us to fast-track our growth strategy by working drill packages and discipline exploration in parallel throughout a number of belongings.

“Sams Creek, Langdons, and Queen Charlotte each offer distinct value, and our strategy is designed to unlock that potential in parallel. A highly anticipated mineral resource update and scoping study will follow Sams Creek drilling, while at Langdons and Queen Charlotte, our immediate focus is on generating and testing high-impact drill targets.

“It’s an exciting time for Siren as we unlock value across a portfolio aligned with global demand for gold and critical minerals.”

While Sams Creek anchors the strategy, Siren’s Langdons project southwest of the city of Reefton is quickly shaping up as a strategic differentiator. The project sits on ground first mined within the late 1800s when early operators chased reefs carrying spectacular grades. Historical information level to assays as ridiculously high as 2610g/t gold and 1120g/t silver.

Siren’s latest work has breathed new life into the district. Field mapping has rediscovered a 2m-thick shear zone wealthy in disseminated arsenopyrite and stibnite, the place moveable XRF sampling has returned readings up to eight.5 per cent antimony.

Samples from mullock heaps have gone even greater, returning up to 60 per cent stibnite, and in line with the company, gold grades exceeding an astounding 500g/t verify the location’s potential to host high-value mineralisation at floor.

Langdons additionally carries trendy relevance because of antimony’s new standing as a important mineral important to vitality storage, defence functions and superior electronics.

With costs trading above US$60,000 (A$92,000) per tonne – up nearly 100 per cent previously 12 months – and China’s dominance of world provide beneath growing scrutiny, Padman calls Langdons “a project of its time”. He notes that exploration success right here might place Siren as a key participant in diversifying provide chains for Western markets.

Soil geochemistry has already outlined a 400m anomalous gold-antimony halo with ionic leach anomalies suggesting extensions a additional 200m beneath shallow cowl – drilling targets that will probably be examined within the months forward.

Siren’s high-grade antimony publicity extends additional east to the Queen Charlotte project close to Marlborough, the place the company lately secured an exploration allow protecting the historic Endeavour mine – New Zealand’s largest previous producer of antimony. In the late nineteenth century, Endeavour shipped more than 3000t of stibnite ore on to England and metallurgical testwork accomplished within the Nineteen Seventies achieved recoveries of 90 per cent from concentrates grading 63 per cent antimony.

The mineralised system extends for at the least 1.2 kilometres alongside strike and more than 400m vertically, with similarities to Auld Creek within the Reefton goldfield, suggesting appreciable upside stays untested beneath the historic workings.

Against this backdrop, Siren’s timing appears to be like compelling. Gold has lately pushed to about US$3400 (A$5200) per ounce, pushed by tightening world provide and renewed investor demand for inflation hedges, whereas antimony’s rally displays geopolitical provide pressures and growing downstream demand in renewables, batteries and semiconductors. China’s latest export curbs have solely amplified the concentrate on different provide hubs. Siren’s portfolio of antimony-rich belongings in a secure, mining-friendly jurisdiction positions the company squarely within the crosshairs of this important minerals narrative.

Adding additional depth to the story is Siren’s 17 per cent stake in Rua Gold, giving it oblique publicity to the Hauraki gold district and OceanaGold’s high-grade Wharekirauponga discovery, the place sources stand at 2 million ounces of gold at 14.3g/t. For a junior explorer, it’s a uncommon mixture of leverage and optionality with out dilution from extra capital spend.

“The West Coast is alive with activity. Endura Mining (previously Federation) is attracting strong investment to advance the Snowy River mine under Jake Klein’s leadership, while Rua Gold holds the dominant land position across the region, encompassing several historic high-grade mines,’’ Padman says.

“In Otago, Santana’s Bendigo-Ophir project is shaping up to support more than 200 jobs at full production. Across the country, momentum is building rapidly, and Siren Gold is well positioned to be part of a resurging New Zealand mining sector that’s drawing global attention and serious capital.”

Leadership modifications at Siren have additionally injected recent momentum. Padman, a geologist and mining govt with more than 15 years’ expertise spanning exploration, open-pit and underground operations, was appointed simply this month.

He brings a observe report of delivering useful resource growth and operational turnarounds, together with at Westgold Resources’ Meekatharra operations. Padman’s pragmatic, results-driven type enhances founder and chairman Brian Rodan’s long-term imaginative and prescient, sharpening the company’s dual-pronged growth strategy: advance Sams Creek towards development whereas unlocking district-scale potential at Langdons and Queen Charlotte.

With drilling rigs mobilising, assay outcomes pending from Langdons and discipline packages kicking off at Queen Charlotte, Siren enters the second half of 2025 with a number of catalysts on the horizon. A mining allow determination for Sams Creek is predicted earlier than year-end and an upgraded useful resource model and scoping research are set to comply with in 2026.

For a company working on the intersection of report gold costs, important minerals demand and resurgent investor curiosity in New Zealand’s sources sector, the following 12 months might show transformational.

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