OAR 0.00% 0.2¢ oar resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-22

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  1. 1,745 Posts.
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    Hi @Rhys1980, it could turn out that future drilling by OAR is dependent on whether or not they receive cash hand-outs from the WA government under the Exploration Incentive Scheme (EIS) co-funded drilling program.

    https://www.dmp.wa.gov.au/Geological-Survey/Exploration-Incentive-Scheme-1428.aspx

    Round 28 of the EIS was announced back in August & some of the successful applicants included Red 5 exploring its Dalot project, Lynas Rare Earths drilling at Mt Wels & IGO exploring its Firehawk prospect. I didn't see OAR listed as a successful applicant for round 28 funding. Perhaps they'll be applying for round 29 funding for their Denchi lithium project as funding applications open Feb'24.

    As far as drilling goes it'll be a surprise if OAR moves out of neutral gear during the next 12 months.
 
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