SRI Latest Battmin Episode
Barbwire Terrace (50/50 JV with Buru Energy Limited)
Drilling is now underway at the Barbwire Terrace Project. Exploration is being undertaken under a 50/50 joint venture (JV) with energy company, Buru Energy Limited (Buru), with Sipa as the operator (refer ASX release 10/9/2020). The JV is currently testing only one portion of its extensive tenure, which is highly prospective for zinc-lead mineralisation and sits in an analogous geological setting to zinc-lead deposits along the Lennard Shelf.
The initial hole is at approximately 300m (of a nominal 500m) depth. Upon completion of this hole, the rig will move approximately 20km along strike to the southeast to commence the next hole. Drilling is being co-funded by the Western Australian government’s Exploration Incentive Scheme which will provide up to $180,000 support to the JV for drilling costs.
SRI Latest Battmin Episode Barbwire Terrace (50/50 JV with Buru...
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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| Last updated 15.59pm 03/05/2024 ? | |||||
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