RE: Funding13 Apr 2020 17:41
The Company is also pleased to announce that it was requested to submit a second-round proposal for the South Australian Department of Mining and Energy's Advanced Discovery Initiative (ADI). The ADI programme provides funding of up to 50% of direct exploration costs for new exploration initiatives, including identifying new mineralised terrains.
The Company is targeting large Iron Oxide Copper Gold (IOCG) deposits similar to BHP's the massive Olympic Dam Copper-Gold mine, approximately 300km to the north east. If successful, this initiative will fund up to half of the geochemical testing and drilling of several new and exciting targets within the Wudinna project.