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HomeFinTechPeak Minerals: Receives $132k grant for Earaheedy drilling

Peak Minerals: Receives $132k grant for Earaheedy drilling

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Peak Minerals Receives $132k grant for Earaheedy drilling

  • Peak Minerals (PUA) receives a $132,000 grant from the WA Government’s Exploration Incentive Scheme for the Earaheedy Project in Western Australia
  • The grant will be used to fund 50 per cent of the direct drilling costs with two diamond holes planned at the Cork Tree prospect
  • The aim of this drilling is to define the source and style of the mineralisation, map key stratigraphic units, define structural conduits and test newly defined VTEM anomalies
  • There were 103 applications for the grant and Peak was one of the 47 successful candidates
  • Peak ends the day in the grey with shares trading at 1.2 cents

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