Drilling Has Commenced At Benmara Project
- Drilling has commenced on two 1,000m deep stratigraphic diamond core drill holes at the Benmara Battery Metals Project in the Northern Territory.
- The drill holes have been designed to identify prospective age host rocks and test for battery metals mineralisation and will improve RML’s understanding of this underexplored region.
- The drill program is fully funded via a Farm-in & JV Agreement with the BHP Group for expenditure of up to $4m in stages over five years for the BHP Group to earn an initial 51% interest.
- $150,000 was recently awarded to the program costs through the Geophysics and Drilling Collaborations program, funded by the Northern Territory Government.
- The program is expected to take approximately two months to complete.
The Benmara Battery Metals Project and the drill targets
“The South Nicholson Basin is one of the last relatively underexplored sedimentary basins left in Australia, so it is exciting to be commencing a drilling program to test high-priority targets and gather new data to understand the base metal potential of the district. I would also like to acknowledge the value of our partnership with BHP, not just in funding this program, but also the expertise and support in working to develop a program that will give us the best chance of making a significant discovery in this region.”
- Chris McFaddden, Managing Director, Resolution Minerals
RML geologist reviewing diamond core from hole #23BNM001 at the Benmara Battery Metals Project