Enegex acquired a new exploration licence for the Rocky Ridge gold prospect in its Perenjori Project, expanding its footprint in Western Australia's metal-rich region.

The 53.6km2 licence aims to strengthen Enegex's position by targeting high-potential gold and copper prospects.

The Rocky Ridge gold prospect features a 6.5km corridor of gold anomalism, with shallow drilling indicating grades up to 2.52g/t Au, situated in a largely unexplored geological zone spanning 20km.

Enegex plans to conduct initial on-ground evaluations to uncover new bedrock gold mineralisations.