- Mantle Minerals (ASX:MTL) releases its quarterly for December 2023, highlighting progress at its Roberts Hill and Mt Berghaus projects in WA
- During the period, Mantle completed a 13,475m air-core drilling program at Roberts Hill, completing 174 holes from an average depth of 78m
- The company also increased its Mt Berghaus tenement to 399 square kilometres and will conduct a 13,000m aircore program at Mt Berghaus in the first half of 2024
- Mantle held cash and cash equivalents of $1.9 million at the end of the quarter
- MTL shares are up 20 per cent, trading at 0.3 cents at 3:45 pm AEDT
Mantle Minerals (ASX:MTL) has released its quarterly activities report for December 2023, highlighting progress at its Roberts Hill and Mt Berghaus projects in Western Australia.
During the quarter, the company completed an extensive aircore drilling program at Roberts Hill, totalling 13,475 metres drilled across 174 holes.
Geophysical data from Roberts Hill suggests this mineralisation could connect with the stratigraphy hosting the Hemi gold deposit.
Future outlook
Following the company’s grant of a new exploration license for its Mt Berghaus project, Mantle is geared to complete a 13,000-metre aircore drilling program at the project in the first half of 2024.
The Mt Berghaus project covers an area of 84 square kilometres of De Grey Mining’s (ASX:DEG) Hemi Gold discovery, bringing Mantle’s total granted tenements in the area to around 399 square kilometres.
MTL is planning to commence reverse circulation drilling to follow up on any significant intersections identified in its air-core programs at both Roberts Hill and Mt Berghaus, and this drilling is expected to commence around mid-2024.
Mantle Minerals reported cash and cash equivalents of $1.9 million at the end of the quarter.
MTL shares were up 20 per cent, trading at 0.3 cents at 3:45 pm AEDT.