Completion of heritage surveys at the Mogul VMS Project During the March 2024 quarter, the Company announced that heritage survey clearances have been received for the priority drill targets at the Mogul VMS Project in the Pilbara region of Western Australia. The Mogul VMS Project is a Cu-Pb-Zn-Ag-Au project 60km east of Nullagine in Western Australia on tenement E46/1399. Previous drilling interpreted as up-dip from the conductive response, included the following results3 : • 3.65m @ 3.9 % Cu, 2.89 % Pb, 3.12% Zn, 189 g/t Ag from 12.75m (PDH5); and • 0.45m @ 4.35 % Cu, 2.2 % Pb, 9.45 % Zn from 84.75 (PDH9). A co-funded drilling program, through the Exploration Incentive Scheme grant of $180,000, has been approved. The Board is conducting a review of the target scale and potential of this project and upon the assessment of the priorities for exploration, a decision will be made to whether to drill the target or monetising the asset through divestment/joint venture.
M4M Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
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