IGO (ASX:IGO) has kicked off copper drilling on-site Encounter Resources’ (ASX:ENR) Yeneena play.
That drilling is part of an earn-in agreement requiring the former to spend a certain amount of CapEx on drilling.
Located in WA’s Paterson province, the copper prospect sees IGO adopting a new identity. The former nickel miner has been smashed through 2024 as Indonesian supply continues to reshape world metal economies.
Somewhat unusually, IGO is conducting aircore and diamond drilling on-site – foregoing Reverse Circulation (RC) drilling. This is neither here nor there in the long run.
“Exploration at Yeneena in 2023 defined priority copper targets at Fishhook and BM5,” Encounter EC Will Robinson said.
“IGO has commenced a 6,300 metre program of aircore and diamond drilling to test these targets. This drilling will be completed in August with assay results expected in October-November 2024.”