Gold · Au · 79
Why gold. Why now.
One page, restrained.
Money without a counterparty
Central banks have been consistent net buyers for more than a decade; reserve demand is structural, not cyclical, and the gold price set records through 2026.
Discovery has stalled
Major gold discoveries have declined for two decades while all-in costs rise. New ounces in tier-one jurisdictions are the scarce commodity.
Two systems the record left open
Ayres Rock SE and Texas North: an epithermal system drilled to the top of its boiling window and then abandoned, and a rimmed magnetic plug that has never been drilled by anyone. Both lodged as applications in August 2026.
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Where Kinkosa fits
Two gold applications. Zero holes drilled by us.
Ayres Rock SE · EPM 29658
Twenty-five sub-blocks on the Drummond Basin margin, lodged 6 August 2026. Thirty-one historic holes on the shared grid confirmed low-sulphidation epithermal gold-silver with boiling-front textures: 30 m at 0.47 g/t Au (including 2 m at 2.56 g/t), 10 m at 0.53 g/t with 18.1 g/t Ag, and 1 m at 3.20 g/t Au with 35 g/t Ag at 206 m, the bottom of the tested envelope (CR 30745). The joint venture's own 1997 IP contractor flagged a deeper feature beyond the drilled anomaly; the record shows no evidence it was ever drilled. Historical results.
Texas North · EPM 29672
Fourteen sub-blocks in southern Queensland, lodged 18 August 2026. A discrete rimmed magnetic plug, analytic-signal residual about 60 times local background with a coincident potassium response, generated by the same statewide detector that blind re-detected Kidston, Mount Leyshon, Mount Morgan, Ernest Henry and Osborne from open data. Twenty-five successive holdings covered the ground without one reported drillhole. The intrusion-related gold search image is what the first holes are designed to test.
The discipline
Any Mineral Resource we ever publish will be reported under JORC 2012 and signed by a named Competent Person. Machine outputs are internal decision tools, never a public number standing on their own. Nothing on this page is a resource, an exploration target or a forecast.
The status
Both permits are applications lodged with the Queensland department. No field work happens before grant. Grant timing is governed by the native title pathway, and on Ayres Rock SE the adjoining permit took about eighteen months, so we plan on that basis.