Adyton Resources Corp. has reported a 167-metre gold-copper intercept from surface at its Feni Island project in Papua New Guinea, as drilling continues to expand the Kabang mineralised system.
The company said drill hole FDD026 intersected 167 metres grading 1.03 grams per tonne (g/t) of gold and 0.12 percent copper, equivalent to 1.14 g/t gold equivalent (AuEq), from surface.
The intercept included 57 metres grading 1.91 g/t gold and 0.17 percent copper, or 2.03 g/t AuEq.
Adyton said the result validated historical drilling and provided further evidence of continuity, grade and scale at the Kabang gold-copper system.
The company, which owns 100 percent of the 1.46-million-ounce inferred-resource Feni gold-copper project, said the mineralised system remains open to the northeast and southwest.
Other results from the latest drilling included hole FDD018, which returned 92 metres at 0.61 g/t gold and 0.07 percent copper from 98 metres, and FDD027, which intersected 162 metres at 0.43 g/t gold and 0.06 percent copper from 94 metres.
Hole FDD029 returned 34 metres at 0.82 g/t gold and 0.04 percent copper from 24 metres.
Adyton said the northeast and southwest extensions now form a prospective mineralised structural corridor of about 2 kilometres in strike length.
"The Kabang system now spans more than 2km of strike length and remains open in both directions," Chief Executive Officer Tim Crossley said.
The company is continuing step-out drilling along the northeast zone, with six follow-up holes under way. It said successful drilling could add more than 500 metres to the strike length and mineralised footprint of the zone.
In the southwest, recent earthworks and geological mapping have identified a structural corridor with multiple parallel mineralised zones. Six follow-up holes are also planned to test and expand the corridor.
Adyton said historic drilling in the southwest had returned high-grade results, including hole MAD006, which intersected 2 metres at 16.3 g/t gold from 42 metres.
Drilling is also continuing around the central Kabang mineral resource estimate to test peripheral zones and support the potential conversion and expansion of the resource.
The company said it had drilled more than 18,000 metres at Feni year-to-date, with about 7,500 metres of assays still outstanding.
Adyton is targeting an upgrade of its mineral resource estimate to the indicated category while testing extensions to the existing resource, including higher-grade targets to the northeast and southwest.
The company also reported evidence of deeper porphyry-style mineralisation, citing elevated molybdenum levels in drilling on the southern flank of Kabang. Holes 19 and 21 recorded molybdenum levels of up to 1,205 parts per million.
Adyton said the molybdenum results were being used as a vector towards a potential deeper porphyry system.
A 5-kilometre by 5-kilometre induced polarisation (IP) geophysical survey is also under way across Feni Island. The survey is designed to identify blind gold-copper mineralisation, Kabang-style repeats and other potential porphyry systems.
The company said the survey was the first widespread systematic IP programme undertaken on Feni Island and would help guide future drilling.
Adyton also announced that the neighbouring Babase Exploration Licence (EL2863) had been granted, expanding its Feni Islands district position by almost 40 percent. The Kabang deposit is located on Anir Island under EL2096.
Separately, the company said work was progressing on its gold projects on Fergusson Island, including the Gameta and Wapolu projects.
At Gameta, locations for the process plant and tailings dam have been confirmed, while land mapping and baseline environmental and social work have begun.
At Wapolu, work is progressing on a processing plant to support bulk sampling and flowsheet testing, as well as production of concentrate samples for customer testing and final offtake pricing.
Adyton said the granting of a mining licence remained the final statutory hurdle for commercial operations at Wapolu. It expects the licence to be granted in October 2026 and is targeting commercial production in the fourth quarter of 2027.
The company also noted recent merger and acquisition activity in Papua New Guinea's gold sector, including St Barbara's sale of its remaining interest in the Simberi mine to Lingbao.
The Feni project is located along the Lihir Trend, which hosts major gold-copper deposits including the Lihir mine operated by Newmont.
Adyton said its Feni project has an inferred resource of 1.46 million ounces of gold and is focused on expanding the resource base and identifying additional high-grade targets.
