Join our daily newsletter At The Bell to receive exclusive market insights
- Golden Cross Resources (GCR) has compiled and lodged an Exploration Program for Environment Protection and Rehabilitation (EPEPR) with the South Australian Government for its Oolgelima Hill exploration licence
- The EPEPR has been lodged with the SA Department for Energy and Mining and covers three proposed drill holes located northeast of Coober Pedy
- The company says the areas to be drilled have been heritage cleared by the local native title holders
- However, two of the proposed sites are subject to additional conditions relevant to the Woomera Prohibited Area, which is a region used for military testing
- Shares have been trading at 1.9 cents
Golden Cross Resources (GCR) has compiled and lodged an Exploration Program for Environment Protection and Rehabilitation (EPEPR) with the South Australian Government for its Oolgelima Hill exploration licence.
The EPEPR has been lodged with the SA Department for Energy and Mining and covers three proposed drill holes located northeast of Coober Pedy.
The company said existing land access agreements with pastoral holdings and native title holders will be updated if required. The areas to be drilled have been heritage cleared by the local native title holders Antakarinja Matu Yakunytjatjara and Arabana.
Two of the holes located 50 kilometres northeast of Coober Pedy are subject to additional conditions relevant to the Woomera Prohibited Area (WPA). The WPA is a strictly controlled region of the state, primarily used for military testing, with access often restricted to the public.
The company says lodging the EPEPR followed receipt of opinion from South Australian land access expertise with regard to alternatives to progress access to the WPA.
Shares were trading at 1.9 cents at 11.55 am AEDT.
