E-79 has just acquired the Cue Gold Project. This is becoming a very hot region in WA — a project known to host mineralisation and sharing geological features with other big deposits nearby.

Guest Bio

Ned Summerhayes – Chief Executive Officer, E79 Gold Mines

Ned Summerhayes is the CEO of E79 Gold Mines, an Australian exploration company focused on high-potential gold and critical-metal projects. Ned is a geologist with extensive experience across Western Australia and the Northern Territory, specialising in structurally hosted gold systems and early-stage project development. He is leading E79’s exploration strategy across its Cue Gold Project in WA and its bismuth-copper-gold project in the Northern Territory.

Produced by Resource Media

The Hole Truth: Mining Investment Podcast is a product of Read Corporate.

Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions.

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Company Website: https://www.e79gold.com.au

Key Insights
1. Cue Acquisition Positions E79 in One of WA’s Hottest Gold Districts

The newly acquired Cue Gold Project sits between major operators Westgold and Ramelius, providing E79 with a prime address in a region experiencing renewed exploration success. The area is already known to host gold, reducing geological risk and offering potential access to existing processing infrastructure.

2. Significant Upside from Under-Explored Depth Potential

Historic drilling averaged only 42m in depth, with just 2% of holes drilled deeper than 100m — despite nearby deposits demonstrating high-grade mineralisation at depth. Intercepts such as 13m at 2.2g/t ending in mineralisation highlight the possibility of deeper, higher-grade systems yet to be tested.

3. Geological Setting Aligns with Proven High-Grade Deposits

E79 controls the southern extension of the Great Fingall Dolerite and titanium-rich basalts analogous to Break of Day — both highly fertile gold hosts. Gravity surveys will help identify cross-cutting structures now understood to control mineralisation in the district, sharpening the drill-targeting strategy.

4. Strong Cash Position Enables a Full Exploration Program

With approximately $4.5 million in cash and an enterprise value of roughly $1 million, E79 is well funded to execute its exploration plans. Upcoming work includes detailed gravity surveying, broad aircore drilling, and targeted RC drilling across multiple prospects.

5. NT Bismuth Project Provides Seasonal Optionality and Critical-Metal Exposure

E79’s Northern Territory project adds diversification, with rock chips returning up to 9% bismuth alongside copper and gold. Seasonal constraints mean drilling will resume after the wet season, allowing the company to focus on Cue in the interim while maintaining exposure to emerging critical-metal markets.