What major regulatory milestone did Rokeby Resources (ASX:RKB) achieve?

Rokeby Resources successfully secured a 20-year renewal for Mining Licence MIN 4921 (ML 4921) at its Omeo Gold Project in Victoria. This extension, granted under the Victorian Mineral Resources (Sustainable Development) Act 1990, provides the company with guaranteed tenure over the site until May 13, 2044.

Why is the 20-year licence renewal significant for RKB shareholders?

The renewal provides the "social licence" and legal certainty required to attract capital and execute long-term exploration. With tenure secured for two decades, management can shift from administrative survival to aggressive resource growth.

What are the key gold deposits within the Omeo Gold Project?

The renewed licence covers the Mt Wills goldfield, specifically the Maude and Sunnyside deposits. These areas are the primary value drivers for the project, hosting a high-grade historical mineral resource estimate of 320,000 ounces of gold.

What is the current resource grade for Rokeby Resources (ASX:RKB)?

The project currently holds a historical estimate of 320,000 ounces of gold at a grade of 4.0 g/t Au. In the context of gold mining, 4.0 g/t is considered high-grade, which generally implies better potential margins if the project moves to production.

What is the immediate exploration strategy for Rokeby Resources?

Rokeby plans to launch a fresh drilling programme at the Sunnyside deposit as soon as the acquisition and permitting processes are finalised. The primary goal is to test the 5.8-kilometre mineralised zone, which remains "open," meaning gold mineralisation likely continues beyond the currently identified boundaries.

How does this news affect the investment thesis for Rokeby Resources (ASX:RKB)?

The investment thesis shifts from "speculative acquisition" to "active exploration" with secured tenure. The long-term licence removes the immediate regulatory risk of losing the asset, allowing the market to focus on the geological upside of the 5.8km mineralised zone.

Rokeby Resources wins 20-year licence for Omeo Gold Project

Written by Liezl GambePublished May. 15 2026Last Updated May. 15 2026

Rokeby Resources (ASX:RKB) announced the 20-year renewal of Mining Licence MIN 4921 (ML 4921), a cornerstone of its recently acquired Omeo Gold Project in Victoria.

Granted under the Victorian Mineral Resources (Sustainable Development) Act 1990, the extension secures the company’s tenure over the site until May 13, 2044.

The long-term security allows Rokeby to aggressively pursue its exploration and resource growth strategy within the historically productive Mt Wills goldfield.

The renewed licence encompasses the Maude and Sunnyside deposits, which currently underpin a historical mineral resource estimate of 320,000 ounces of gold at a high grade of 4.0 g/t Au.

Mineralisation remains open along a 5.8-kilometre zone, suggesting substantial exploration upside.

Rokeby has identified the Sunnyside deposit as a high-priority target and intends to commence a fresh drilling programme as soon as the final acquisition and permitting processes are completed.

CEO Trevor Benson described the renewal as an "outstanding outcome" that materially strengthens the project’s value proposition.

He emphasised that the 20-year term provides a robust platform for the company to execute its development assessments with confidence.

At the time of reporting, Rokeby Resources’ share price was $0.0050.