On 8 April 2024, the Company was awarded a $300,000 Collaborative Exploration Initiative (CEI) grant for the drilling of two critical deep diamond core holes at the Bottletree Prospect. The two planned holes total 1,700 metres of drilling. The funding arrangements are on a reimbursement basis.
During the reporting period and in light of the deleterious equity market conditions, the relevant government office sought to vary the timeframes for the completion of the agreed CEI funded activities. As a result, the agreed date for completion of the Bottletree CEI holes has been extended from 18 November 2024 to 15 May 2025.
The Company endeavours to complete the drilling of the CEI holes by the agreed date (as amended)
SPQ Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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