What is the latest operational update for Enegex (ASX:ENX)?

Enegex has officially commenced a 3,500-metre Reverse Circulation (RC) drilling program at its Gogo Project in Côte d’Ivoire. The company is targeting three high-priority zones along the five-kilometre Bonoubana trend to follow up on promising shallow gold hits.

Why are the recent drilling results from the AW1 Prospect significant for ENX?

Recent Air Core (AC) drilling at the AW1 Prospect returned high-grade intercepts, including 4 metres at 6.2g/t gold from a depth of only 8 metres.

What were the key technical results from the Kalama Bave Prospect?

At the Kalama Bave Prospect within the Tougbe Permit, limited AC drilling yielded a notable intercept of 4 metres at 6.10g/t gold. This result reinforces the broader prospectivity of Enegex’s landholding beyond the primary Gogo Project targets.

How does the current drilling strategy affect Enegex (ASX:ENX) shareholders?

The move to a double-shift drilling schedule is intended to fast-track the exploration program and shorten the timeline for laboratory results. For shareholders, this means a higher frequency of potential catalysts in the near term as the company tests deeper targets with the RC rig.

What are the primary "bull" and "bear" points for Enegex after this news?

The bull case rests on the high-grade shallow intercepts (6.2g/t and 6.10g/t gold) and the fact that several holes ended in mineralization, suggesting scale potential. The bear case is that these results are still early-stage and stem from Air Core drilling, which is less definitive than the RC drilling now underway.

Enegex begins major drill program in Côte d’Ivoire

Written by Brie CarterPublished May. 14 2026Last Updated May. 14 2026

Enegex (ASX:ENX) has mobilised a reverse circulation drill rig to its Gogo Project in Côte d’Ivoire, marking the start of a 3,500-metre exploration campaign.

The programme is designed to test three high-priority targets along the expansive five-kilometre Bonoubana trend.

The operational milestone arrives alongside results from recent aircore drilling at the AW1 and Kalama Bave prospects, further validating the region’s gold potential.

The AC drilling at the AW1 Prospect, which focused on the southern section of an active artisanal mine site, returned intercepts including 4m at 6.2g/t gold from a shallow depth of 8m.

Other notable results included a 12-metre stretch grading 1.68g/t gold and 26m at 0.54g/t gold.

Several holes ended in mineralisation, suggesting that the gold system remains open at depth.

Meanwhile, at the Kalama Bave Prospect, limited AC coverage yielded 4m at 6.10g/t gold, reinforcing the prospectivity of the broader Tougbe Permit.

Managing Director Paul Roberts confirmed that the company is moving to a double-shift schedule to fast-track the current programme.

At the time of reporting, Enegex’s share price was $0.24.