Adyton Discovers New Au-Cu Mineralized Zones and Documents Resource Continuity
Drilling success at Feni Island confirms northern extension and deep porphyry link while Fergusson Island moves toward H2 production.
The news release dated February 18, 2026, reports drill results from the Feni Island Gold-Copper Project in Papua New Guinea (PNG). The company completed 10,663 meters across 28 holes. A standout result from hole FDD017 returned a broad 53-meter mineralized interval grading 1.29 g/t Au, which included a high-grade 5-meter sub-interval at 3.6 g/t Au and a peak grade of 6.6 g/t Au. Crucially, the company has used magnetic and IP data to define a southwesterly fluid-flow corridor that potentially links the known Kabang epithermal gold system to a deeper-seated porphyry source. The company remains well-funded with CA$17 million in cash/liquidity and is simultaneously progressing the Fergusson Island JV project toward a targeted H2 2026 restart.
- Geological De-risking: The results from FDD017 confirm that the Kabang system remains open to the north, suggesting the resource (currently 1.46 Moz Au Inferred) has room for significant expansion. The identification of a porphyry link is a high-upside conceptual development that transforms the project from a purely epithermal play to a large-scale porphyry target.
- Financial Stability: Reporting CA$17 million in liquidity is a massive improvement over the CA$158k held in early 2024. This provides at least 12-18 months of exploration runway without the immediate need for dilutive financing.
- Operational Execution: Completing over 10,000 meters of drilling in a challenging jurisdiction like PNG demonstrates strong logistical capability. However, assays are still pending for 10 of the 28 holes, including copper assays for FDD017.
- Near-term Production Catalyst: The mention of Fergusson Island (Wapolu) moving toward an H2 2026 restart provides a tangible path to cash flow, which is rare for a junior explorer.
Adyton Resources is a PNG-focused explorer and developer. - Flagship Project: Feni Island (100% owned). Located in the Tabar-Lihir-Tanga-Feni (TLTF) volcanic island chain, which hosts Tier-1 deposits like Lihir (87 Moz Au). - Secondary Project: Fergusson Island (Wapolu and Gameta), held in a JV where EVIH can earn 50%. Wapolu is a past-producing mine being fast-tracked for a restart. - Total Resource: Approximately 2 Moz Au across both projects (Inferred and Indicated).