Discovery Alaska LtdD
Discovery Alaska Limited (ASX: DAF, incorporated 2010, formerly Discovery Africa Limited) is a US-focused gold-silver explorer that in August 2026 also moved to add Western Australian gold exposure. Its established, most-advanced project remains the Boulder Creek Gold-Silver Project, Idaho (~90km southwest of Boise): during FY2026 the company entered a binding Heads of Agreement for an option on Idaho State Lease E600117 (~640 acres) and staked 20 new contiguous BLM claims, with rock-chip assays returning silver values up to 767g/t Ag; drilling planning is underway. The company's original Alaska assets have been substantially wound down: the Vinasale Gold Project lease (with Doyon, Limited) was terminated in June 2025, and the Chulitna Project was reduced from its original claim block to 15.5km^2 (24 claims) centred on the Partin Creek gold prospect, with a A$105,824 write-off of carrying value recorded in FY2026. On 24 August 2026 the company announced a binding Share Purchase Agreement to acquire 100% of the Cuddingwarra Gold Project -- eight prospecting licence applications (P20/2587-2594) covering 13.86km^2 near Cue in Western Australia's Murchison goldfields, adjacent to Westgold Resources' Cue operations and between the Big Bell, Fender and Great Fingall gold mines -- backed by a $900,000 placement (Tranche 1, 6,585,000 shares, settled 28 Aug 2026). Completion remains subject to conditions precedent including grant of the prospecting licences and shareholder approval, expected at the company's AGM on 23 October 2026. For the year ended 30 Jun 2026, the company reported a net loss of A$459,211 and cash of A$316,000.
Lifecycle Milestones
Jurisdiction (40%)9/10
Idaho: Fraser PPI 2025 is 77.16 of 100 (rank 27 of 68), which maps to 9 on this site's scale. Its Boulder Creek (Idaho) and Chulitna (Alaska) projects are in Tier-1 US jurisdictions. A pending purchase of the Cuddingwarra project in Western Australia, also Tier-1, awaits shareholder approval and the grant of prospecting licences.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Boulder Creek Gold-Silver Project (option over Idaho State Lease E600117 plus 20 BLM claims), southwest of Boise, Idaho, USA (checked Oct 2, 2026; recheck due Mar 31, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Turquoise Ridge / Twin Creeks (Nevada Gold Mines), 177 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0.8/10
Nearest producing mine: Turquoise Ridge / Twin Creeks (Nevada Gold Mines), 177 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairperson of Ragusa Minerals Limited, with over 25 years' experience in the mining and resources industry across multiple commodities and regions; also a director of Discovery Alaska Ltd. Currently Managing Director of ASX-listed Argosy Minerals Limited and a director of Discovery Africa Limited.
A Director of Discovery Alaska Limited (ASX: DAF).
A Director and the Company Secretary of Discovery Alaska Limited (ASX: DAF). Holds a Bachelor of Business degree from Curtin University and is a Fellow of Chartered Accountants Australia and New Zealand. Over 40 years of experience in finance and administration, predominantly in the accounting profession. Sources: discoveryalaska.com.au/irm/content/management.aspx (which carries this biography) and /board-of-directors.aspx and /corporate-directory.aspx (which list him as both a director and company secretary).
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Discovery Alaska, formerly Discovery Africa, is a US-focused gold-silver explorer whose most advanced project is the Boulder Creek gold-silver project in Idaho, about 90km south-west of Boise. During its 2026 financial year it entered a binding heads of agreement for an option on Idaho State Lease E600117, about 640 acres, and staked 20 new contiguous BLM claims, and rock-chip assays there returned silver values of up to 767 g/t; drilling is being planned. In Alaska, the Vinasale gold project lease was terminated in June 2025 and the Chulitna project was reduced to 24 claims covering 15.5km2 around the Partin Creek gold prospect. In August 2026 it agreed to acquire 100% of the Cuddingwarra gold project, eight prospecting licence applications covering 13.86km2 near Cue in Western Australia's Murchison goldfields, subject to conditions including grant of the licences and shareholder approval expected at its annual meeting on 23 October 2026. No resource estimate has been published.