What did PLC Resources (ASX:PLC) announce regarding its Western Australian gold project?

PLC Resources (ASX:PLC) completed its maiden Reverse Circulation (RC) drilling programme at the Rochefort Gold Prospect, which sits within the Abbotts North Project. The reconnaissance campaign consisted of five holes totalling 1,018 metres.

Why is the location of the Rochefort Gold Prospect geologically significant?

The Rochefort Prospect is located within the Abbotts Greenstone Belt, approximately 35 kilometres north of Meekatharra. This structure is highly promising because it also hosts New Murchison Gold’s (ASX:NMG) producing Crown Prince deposit just 20 kilometres to the south.

What did the initial geological logging reveal about PLC Resources’ (ASX:PLC) drill holes?

Initial visual logging of the five drilled holes yielded highly encouraging observations for the technical team. They identified intersections of quartz veins, sulphide mineralisation, and potassic (biotite) alteration across multiple holes.

How risky is PLC Resources (ASX:PLC) as a stock after this news?

PLC Resources remains a highly speculative penny stock, trading at just $0.0090 at the time of reporting. While the visual geological observations are encouraging, the presence of quartz veins and sulphides does not guarantee actual economic grades of gold.

What are the key bull and bear points for PLC Resources (ASX:PLC) following this update?

The bull case rests on the project's proximity to a producing gold mine and the visual confirmation of classic gold-hosting geological structures. The bear case is that visual logging is purely qualitative, and the company currently has zero confirmed gold assays from this programme.

Image for illustrative purposes only. Not a real photo.

PLC Resources finalises maiden Rochefort Gold drilling

Written by Jon CuthbertPublished May 26, 2026, 6:28 AM

PLC Resources (ASX:PLC) finalised its maiden reverse circulation drilling programme at the Rochefort Gold prospect, located within the Abbotts North Project in Western Australia.

The reconnaissance programme comprised five holes (26ANRC001–26ANRC005) drilled for a combined total of 1,018m.

Following the completion of the physical drilling operations, the rig has been demobilised from the site.

The Rochefort Prospect is situated approximately 35km north of Meekatharra within the Abbotts Greenstone Belt.

The geological structure is highly promising, hosting New Murchison Gold’s (ASX:NMG) producing Crown Prince deposit roughly 20km to the south, which holds a defined resource of 2.2 million tonnes at 3.9 grammes per tonne of gold.

Initial geological logging of the newly drilled holes has yielded highly encouraging observations. Technical teams identified intersections of quartz veins, sulphide mineralisation, and potassic (biotite) alteration across multiple holes.

The specific geological features are highly consistent with known gold-bearing hydrothermal systems characteristic of the Murchison district.

All collected samples have been despatched to Intertek’s laboratory in Maddington for comprehensive multi-element analysis and gold fire assay determination.

The company expects to receive these laboratory results within four to six weeks, subject to standard processing turnaround times.

Executive Director Simon Phillips stated that completing the maiden programme represents a meaningful milestone for the company, moving exploration forward from preliminary surface geochemistry and gravity interpretation to direct subsurface analysis.

At the time of reporting, PLC Resources’ share price was $0.0090.