One Bullion Advances Maitengwe Gold Project Toward Field Verification and Planned Drill Testing

One Bullion Limited (OBUL) announced the receipt of the final processed dataset from its 2026 high-resolution airborne geophysical survey at the Maitengwe Gold Project in Botswana. Conducted by Xcalibur Smart Mapping and post-processed by Campbell & Walker Geophysics, the survey covered 11,654 line-kilometers at 50-meter line spacing. Preliminary desktop screening has identified 32 geophysical work areas grouped into nine clusters, with eight areas provisionally prioritized for initial field assessment to test structural positions such as contacts, bends, and intersecting trends.

The company has proposed a staged exploration program that moves from desktop screening and geological mapping to selective trenching and conditional reverse-circulation (RC) drilling. The release explicitly states that no definitive drill-hole count, meterage, mobilization date, or exploration budget is being committed at this stage. Environmental Impact Statement (EIS) approval for prospecting license PL 012/2018 was granted in April 2026, though site-specific permits remain to be confirmed.

Simultaneously, One Bullion Limited is pausing its approximately 3,000-meter diamond drilling program at the Vumba Gold Project to complete logging, sampling, and laboratory work on the 2026 program.

One Bullion Limited (OBUL) has advanced its exploration lifecycle by moving from data acquisition to target generation and field validation. Following the completion of an airborne survey and subsequent data processing, the company has identified 32 work areas and prioritized eight targets. This progression aligns with the company's historical news timeline, which outlined the completion of the geophysical survey in July, the receipt of data in October, and the subsequent interpretation phase.

The update provides incremental technical detail without introducing new market-moving catalysts or financial changes. There are currently no committed drill targets, budgets, or timelines associated with these findings. Consequently, the news does not alter the company's near-term capital expenditure profile or financial outlook.

One Bullion Limited (OBUL) is a pre-revenue junior gold explorer focused on district-scale land packages in Botswana. The company controls approximately 8,004 square kilometers of prospective land across three greenstone belt-hosted projects: Vumba, Maitengwe, and Kraaipan.

The Vumba Gold Project is located on the same greenstone belt as Zimbabwe's Blanket Gold Mine. Exploration activities at Vumba include soil sampling, trenching, and diamond drilling, with historical high-grade surface sampling and drilling having been reported.

The Maitengwe Gold Project covers 132 square kilometers and is located between Tutume and the Zimbabwean border. The project is obscured by Kalahari sands, making geophysical surveys critical for target generation.

The Kraaipan Gold Project targets the Kraaipan Greenstone Belt. Phase 1 targets shallow high-grade gold, while Phase 2 focuses on the broader belt.

The company is in the exploration phase with no defined mineral resources or reserves.