Northern Minerals (ASX:NTU) has received up to AU$180,000 in co-funding under the Western Australian Government's Exploration Incentive Scheme (EIS) for drilling at its Browns Range project, according to a Wednesday filing with the Australian bourse.
The funding will support a program aimed at exploring hydrothermal feeder systems beneath the Dazzler deposit at the project, the filing said.
The drilling, comprising five holes totaling 1,150 meters, follows earlier exploration that defined an inferred resource at the deposit of 210,000 tonnes at 2.33% Total Rare Earth Oxide (TREO), the filing added.
Northern Minerals is also finalizing an updated resource estimate and feasibility study for the project, the company said.
Price (AUD): $0.02, Change: $+0.0020, Percent Change: +10.00%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。