8.8 C
London
Thursday, March 28, 2024
HomeBankingMacarthur Minerals: Awarded $85,000 grant to advance drilling at Moonshine

Macarthur Minerals: Awarded $85,000 grant to advance drilling at Moonshine

Date:

Macarthur Minerals: Awarded $85,000 grant to advance drilling at Moonshine

  • Macarthur Minerals has awarded an $85,000 grant to support drilling at its Moonshine North Nickel Prospect in Western Australia
  • The money will also be used to test a geophysical anomaly
  • Macarthur will use the $85,000 to plan a 460-metre deep diamond drill hole to test the anomalous nickel from a previously identified hole
  • The company hopes this drill will provide a better understanding of the Moonshine Prospect and help with further discoveries
  • Macarthur is steady on the market today and shares are currently trading for 10 cents each
  • This EIS provides up to $5 million a year to encourage companies to drill in under-explored areas in the State

Related stories

UK paytech Volopa partners ClearBank to expand its SME banking services

London-based paytech Volopa has partnered with embedded banking...

Digital identity specialist Signicat acquires Icelandic counterpart SmartWorks

Signicat, a European provider of digital identity solutions,...

BNY Mellon deploys AI supercomputer from Nvidia

BNY Mellon, a US-based banking heavyweight, has deployed...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img