Koonenberry Gold Funds Multi-Project Drilling Across the Lachlan Fold Belt
A fresh $0.6 million investment from Lion Selection Group is funding near-term discovery drilling across a broad, geophysically-supported exploration portfolio.
31 Jul 2026 · 1 min read
In short
Lion Selection Group invested a further $0.6 million in Koonenberry Gold to fund near-term, multi-project discovery drilling, taking its stake to approximately 10.1%.
Koonenberry Gold's exploration portfolio spans NSW's Lachlan Fold Belt, built through the team acquired with Gilmore Metals and supported by broad geophysical work.
The investment funds drilling across multiple projects simultaneously, aiming to deliver near-term discovery results across the geophysically-supported portfolio.
Koonenberry Gold received a further $0.6 million investment from Lion Selection Group to fund near-term, multi-project discovery drilling across a broad, geophysically-supported exploration portfolio in New South Wales' Lachlan Fold Belt, built through the team acquired with Gilmore Metals, taking Lion's stake to approximately 10.1 percent.
A funded multi-project exploration portfolio
Lion Selection Group said it invested a further $0.6 million in Koonenberry Gold to fund near-term, multi-project discovery drilling, highlighting a broad, geophysically-supported exploration portfolio in NSW's Lachlan Fold Belt, built by the team acquired with Gilmore Metals, with Lion's stake set to reach approximately 10.1 percent.
Lion invested a further $0.6M in Koonenberry Gold to fund near-term, multi-project discovery drilling. The manager highlighted a broad, geophysically-supported exploration portfolio in NSW's Lachlan Fold Belt, built by the team acquired with Gilmore Metals, with Lion's stake set to reach approximately 10.1%.
— Lion Selection Group, Quarterly Report, July 2026
What fund managers say they are watching next is results from the near-term, multi-project discovery drilling program, continued development of the geophysically-supported exploration portfolio across the Lachlan Fold Belt, and whether the team acquired with Gilmore Metals delivers genuine discovery success.
Questions
Why did Lion Selection Group invest further in Koonenberry Gold?
Lion Selection Group invested a further $0.6 million in Koonenberry Gold to fund near-term, multi-project discovery drilling across its exploration portfolio in NSW's Lachlan Fold Belt.
Where is Koonenberry Gold's exploration portfolio located?
Koonenberry Gold's broad, geophysically-supported exploration portfolio is located in New South Wales' Lachlan Fold Belt, built by the team acquired with Gilmore Metals.
How large is Lion Selection Group's stake in Koonenberry Gold?
Lion Selection Group's stake in Koonenberry Gold was set to reach approximately 10.1% following its latest $0.6 million investment.
1 managers, 3 comments, with each manager's latest recorded position.
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