The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Rincon Resources (ASX:RCR) completed a heritage clearance survey over several key targets at its West Arunta project in Western Australia. The survey covered the high priority ‘Avalon’ target, as well as the Sheoak, K1, and K2 targets, pushing the company’s exploration efforts forwards.

Just three weeks ago, Rincon revealed the results of a ground gravity survey, pinpointing the ‘bullseye’ Avalon gravity target among others. Following this, the company successfully secured funding under Round 29 of the Western Australian Exploration Incentive Scheme to support drilling activities at Avalon, Sheoak, K1, and K2.

“I can’t thank the Tjamu Tjamu Aboriginal Corporation and the Kiwirrkurra People enough for being able to squeeze this survey into their very busy schedule. It is a testament to the strong relationship we have built with the community at Kiwirrkurra,” Rincon’s Managing Director, Gary Harvey said.

Currently, Rincon is in detailed planning for an initial phase of drilling programs, both reverse circulation (RC) and diamond core (DD).

The final survey report is expected in 4-5 weeks and the company plans to kick off drilling
as soon as practicable thereafter. The drilling program will focus on testing the Avalon target and other identified prospects.

RCR has been trading at 12.5 cents.

RCR by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Bourse finishes week on a high as Wisetech pummeled | November 22, 2024

The ASX200 closed up 0.85% at 8,393 points. Economists increasingly expect interest rates in Australia won’t…
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 47, 2024

In this segment we’ll look at the top stocks HotCopper users have been watching, and discussing,…
Nuclear explosion mushroom cloud concept

Week 47 Wrap: HotCopper users’ most watched; Brent lifts on Putin’s scary letter; RFK dents CSL

Welcome to the end of another week. Let's start with what HotCopper users have been watching…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham’s weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

The $8.8 billion dollar merger between Sigma Healthcare and Chemist Warehouse is poised to reshape the Australian pharmacy landscape, consolidating power in th…