- Strategic Energy Resources (SER) wins government funding for drilling at the Achilles copper-gold target at its South Cobar project in NSW
- The company was awarded a $120,000 co-funded grant through the latest round of the NSW Government’s Co-operative Drilling Program
- The funds will support diamond drilling activities at Strategic’s Achilles 1 prospect
- The company It was also awarded the exclusive right to apply for exploration licences over four new, highly prospective areas as part of the NSW Department’s 2021 competitive expression of interest process
- Strategic Energy Resources is up 6.25 per cent, trading at 3.4 cents at 12:20 pm AEDT
Strategic Energy Resources (SER) has secured government funding to support its proposed drilling program at the Achilles 1 copper-gold prospect at its South Cobar project in NSW.
The company said it was recently awarded the $120,000 co-funded grant via the latest round of the NSW Government’s Co-operative Drilling Program, with the funds to go towards the cost of diamond drilling activities at Achilles.
Drilling is planned to follow a soil geochemistry survey over the target area using CSIRO’s Ultrafine+ next gen analytics scheduled for later this month.
Strategic was also awarded the exclusive right to apply for exploration licences over four new, “highly prospective” areas as part of the government’s 2021 competitive expression of interest process.
The company said it has lodged four exploration licence applications that are set to expand its existing tenement footprints in the Cowal Igneous Complex and southern Cobar Basin and also include a project in the Curnamona Province.
SER shares were trading 6.25 per cent higher at 3.4 cents at 1:13 pm AEDT.