ASX:AM3 · Apollo Gold & Antimony Project · Update 12 October 2026

Apollo delivers 102.3m @ 2.29 g/t gold, plus visible gold at depth

Amara Minerals' second batch of 2026 diamond drilling at Apollo, central Victoria, has returned its broadest intercept yet, hit new mineralisation below previous drilling, and logged fine visible gold in a fourth hole now at the laboratory.

100%-ownedMelbourne Zone, VictoriaDig Fault ZoneOpen at depth & to the south
0m
@ 2.29 g/t Au from 140.5m, the broadest intercept of the program
AA2603
0g/t
over 11.0m from 177.1m, inside the broad zone
AA2603 HIGH-GRADE
0m
@ 1.31 g/t Au from 221.5m, below previous drilling in the core of the system
AA2602 NEW DEPTH
0sites
fine visible gold logged at ~276m and ~288m; assays expected mid-November
AA2604 VISUAL ONLY
2026 program

Four holes completed, a fifth underway

The rig moved to Apollo after Amara finished first-phase drilling at its Lauriston project in June. The first three holes were aimed at extending the higher-grade core of the Dig Fault Zone to support a potential maiden Mineral Resource Estimate; AA2604 is the first of several holes stepping outside previous drilling. Tap a hole for details.

0 mdrilled across four completed diamond holes, with AA2605 now underway
Interactive

Explore every assay, metre by metre

Each bar is one half-core sample, plotted by downhole depth and gold grade, straight from the published assay tables. Shaded bands are the reported intercepts. Move the slider to see how much of each hole runs above a given grade.

Downhole widths. Grades below detection (<0.01 g/t) are treated as 0.005 g/t and intervals of lost core as zero, matching the company's stated method. No top cut applied.

AA2603 cross section. The 102.3m @ 2.29 g/t Au intercept crosses the Dig Fault Zone, with AA2604's logged visible gold (assays pending) below it. Source: Amara Minerals ASX announcement, 12 October 2026.
AA2601, tray #41 (142.4m to 145.4m). Gold assays annotated: 8.16, 20.6, 6.03 and 6.16 g/t Au over consecutive metres. Assayed grades only, no visual estimates of mineralisation. Source: Amara Minerals ASX announcement, 8 September 2026.

The cross section shows where the assays in the chart above sit within the fault zone. The core tray shows grades confirmed by laboratory assay, a useful contrast with the visual-only observations in AA2604.

Grade × width

How the 2026 holes stack up

Gram-metres (grade multiplied by downhole width) is a quick way to compare intercepts of different shapes: a thin, very high-grade hit and a broad, moderate-grade zone can carry similar metal. AA2603 is the strongest result of Amara's 2026 program on this measure.

Historic intercepts were reported by previous explorers and disclosed by Amara on 14 February 2025. Gram-metres are calculated here from the reported intercepts and are not a company-reported figure.

AA2604 · assays pending

Visible gold, logged at depth to the south

AA2604 was drilled from a separate collar to test the mineralised envelope outside previous drilling. Geologists logged fine visible gold in two places, at a similar depth to AA2602's new broad intercept but further south. Samples are with OnSite Laboratories in Bendigo, with results expected in mid-November. Tap a photo to enlarge.

Figure 1: AA2604, fine visible gold in quartz-muscovite veinlet at ~276.05m downhole. Visual observation only, not representative of the interval; refer to the cautionary statement on visual observations.
Figure 2: AA2604, fine visible gold in quartz-muscovite veinlet at ~288.0m downhole. Visual observation only, not representative of the interval; refer to the cautionary statement on visual observations.
Cautionary statement. Visible gold in AA2604 is a visual observation made during geological logging. Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses, which are required to determine the widths and grades of any mineralisation. The grains are fine (<1mm), extremely rare and discrete, hosted in or beside infrequent quartz-muscovite veinlets within quartz-biotite hornfels. No assay results have been reported for AA2604.
Why it matters

Where Apollo could go from here

Apollo's story is about scale: a broad, near-vertical mineralised fault zone that keeps returning gold at width, and that has not been closed off at depth or to the south.

Apollo long section. 2026 holes AA2601 to AA2604 plotted against historic intercepts. The company describes mineralisation as open at depth and to the south. Source: Amara Minerals ASX announcement, 12 October 2026.
AA2602's 73.4m intercept sits below the extent of previous drilling within the core of the system, and AA2604 logged visible gold at a similar depth to the south. The company describes the Dig Fault Zone as open at depth and south of Meade's Open Cut. AA2605 has been collared to test down-dip of AA2603 and AA2604.
The 2026 holes were designed to firm up the higher-grade core and support geological modelling for a potential maiden Mineral Resource Estimate. Management says AA2602 and AA2603 confirm historic intercepts at Apollo and support that potential.
  • No Mineral Resource has yet been estimated for Apollo.
  • The company notes current data spacing is not yet sufficient to establish geological and grade continuity for resource reporting.
Estimated true widths, based on the interpreted orientation of the zone:
  • AA2603: ~27.3m (from 102.3m downhole)
  • AA2601: ~20m (from 57.5m downhole)
  • AA2602: ~18.5m (from 73.4m downhole)
Consistent widths across holes are what bulk-tonnage gold projects are built on; the company describes Apollo as having strong bulk-tonnage potential.
Gold at Apollo has historically been identified in electrum and calaverite (a gold telluride), with free grains in quartz-muscovite veins and stockwork. The company views the gold-tellurium association as supportive of an intrusion-related system. The project also hosts antimony-bearing stibnite.
Apollo lies in Victoria's Melbourne Zone, also home to Southern Cross Gold Consolidated's Sunday Creek deposit (ASX:SX2) and Alkane Resources' Costerfield mine (ASX:ALK).
  • These references are geological context only. Mineralisation at nearby projects does not guarantee similar results at Apollo.
Apollo and Lauriston in central Victoria. Nearby mines and projects are shown for geological context only. Third-party resource and historic production figures are sourced by the company from Resources Victoria and historical records, have not been verified by Amara and are not an indication of results at Apollo or Lauriston. Source: Amara Minerals ASX announcement, 12 October 2026.
Momentum

The road so far, and what's next

14 Feb 2025

Historic intercepts disclosed

Including 28.0m @ 10.2 g/t Au (GMDH36) and 39.5m @ 7.25 g/t Au (GMDH28), from previous explorers.

6 Oct 2025

Maiden diamond program results

Including 27.0m @ 1.69 g/t Au from 255.0m in AA2501.

18 Jun 2026

Rig moves to Apollo

After completing first-phase drilling at the Lauriston project.

8 Sep 2026

AA2601: 57.5m @ 2.62 g/t Au

Including 20m @ 5.13 g/t Au from 139.5m.

12 Oct 2026 · Latest

AA2603: 102.3m @ 2.29 g/t Au · AA2602: 73.4m @ 1.31 g/t Au

Visible gold logged in AA2604; AA2605 collared down-dip.

The detail

Drill hole collars

HoleEastingNorthingRL (m)DipAzimuthDepth (m)Status
AA2601400320.7605911924.960739.660-65.0295.00269.3Reported 8 Sep
AA2602400320.7605911924.960739.660-71.0295.00323.2Reported 12 Oct
AA2603400320.7605911924.960739.660-70.0263.00270.0Reported 12 Oct
AA2604400409.2905911967.680704.470-53.0252.00402.3Assays pending

GDA94 Zone 55. HQ triple-tube diamond core, half-core sampled, 50g fire assay at OnSite Laboratories, Bendigo.

Sources. Amara Minerals Limited ASX announcements "Additional High-Grade Gold Intercepts and Visible Gold Intersected at Apollo" (12 October 2026) and "High-Grade Gold Intersected at Apollo" (8 September 2026). All figures are drawn from those announcements; gram-metre values and the interactive grade statistics are calculated here from the published assay tables.

Important. This page is a summary for general information only and is not financial product advice or a recommendation to buy or sell any security. Intercepts are downhole widths unless stated. Exploration results are preliminary and no Mineral Resource has been estimated for the Apollo Project. Statements about future drilling, timing and potential are forward-looking, subject to risks and uncertainties, and may not eventuate. Readers should refer to the original ASX announcements, including the Competent Person statement and JORC Table 1, and seek independent advice before making investment decisions.