How will Mantle Minerals benefit from De Grey Mining's drilling program at Roberts Hill?
Exploratory partnership brings potential for significant mineral discovery
Nedlands, WA - Mantle Minerals Limited (ASX:MTL), a prominent mining company, has announced a groundbreaking partnership with De Grey Mining Limited (ASX: DEG) to conduct drilling activities at Roberts Hill. The collaboration aims to further enhance Mantle's ongoing exploration efforts and potentially uncover significant mineral deposits.
Access Agreements Signed
Mantle Minerals and De Grey Mining have successfully executed access agreements for Roberts Hill and Mount Berghaus. These agreements allow De Grey Mining to conduct extensive drilling at Roberts Hill, following the grant of their miscellaneous licenses. The drilling program will consist of a minimum of 100 aircore holes spanning a distance of 8,500 meters, effectively adding to Mantle's existing 30,000-meter drilling program.
A Shared Vision
Under this collaboration, De Grey Mining will bear the full operational and environmental responsibilities for the drilling program. However, all data collected during the drilling, including depths, geological logs, and assays, will be provided to Mantle Minerals.
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This valuable dataset will supplement Mantle's ongoing targeting and exploration efforts, offering a new perspective on the potential mineralization in the area.
Maximizing Potential Discoveries
In the event of significant intersections resulting from this drilling program, De Grey Mining has agreed to realign their activities at the request of Mantle Minerals. Through this harmonious partnership, Mantle retains 100% ownership of any potential discoveries, securing their rights to continue drilling and further develop a potential mine.
Uncharted Territory
The aircore drilling program at Roberts Hill represents a significant expansion of Mantle's current exploration efforts. This phase of drilling will cover an area within the Roberts Hill exploration license that has yet to be drill-tested, introducing fresh exploration coverage and experience. The addition of approximately 8,500 meters of aircore drilling brings Mantle's total exploration coverage to an impressive 38,500 meters.
Future Plans
Looking ahead, Mantle Minerals has outlined plans to commence reverse circulation drilling. This next phase of drilling aims to delve deeper and investigate any significant intersections discovered during the aircore drilling program at both Roberts Hill and Mount Berghaus. The company anticipates commencing the reverse circulation drilling by mid-next year.
Expanding Possibilities at Mount Berghaus
The partnership between Mantle Minerals and De Grey Mining does not end at Roberts Hill. Their access agreements also encompass Mount Berghaus, where De Grey Mining's miscellaneous license applications for L47/963, L47/966, and L47/967 are pending. The approval of these applications will clear the path for the granting of one of the two Mount Berghaus tenements (E47/4531) currently under application. The successful resolution of any objections raised by third parties against De Grey's applications is vital to ensure a smooth and timely granting of the miscellaneous licenses.
As the drilling program commences at Roberts Hill, excitement is building within the industry, and experts are eagerly awaiting potential discoveries. Mantle Minerals, with the steadfast support of De Grey Mining, is uniquely positioned to unlock the untapped mineral potential in the region. Watch this space for future updates on this pioneering partnership and the potential game-changing discoveries that may emerge from the depths of Roberts Hill.
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