Great Dirt begins exploration post-IPO

Great Dirt Resources (ASX:GR8) has booked an aerial geophysical survey to begin on 24 November this year as it continues exploration activities across its Doherty Project in New South Wales. 

The $8.6 million market capitalisation company says the survey follows the recent listing of the company as it seeks to progress its manganese projects in New England Orogen, New South Wales, where battery grade (74.3%) and metallurgical grade (46%) manganese oxide was mined as a direct ship ore. 

Thomson Aviation has been awarded the contract for the aerial geophysical survey, which is scheduled to be completed over 4 days subject to weather. However, community consultation is ongoing in line with rock chip and orientation soil geochemistry.  

Great Dirt plans to complete the orientation geochemical survey before it takes on more systematic sampling over areas of known mineralisation. The surveys have been designed to determine the background values of elements of interest in non-mineralised areas. 

The company believes this will help define thresholds that determine what constitutes an anomalous response. 

The surveys are also expected to enable Great Dirt to determine the nature and extent of dispersion patterns related to manganese mineralisation and distribution, as well as the behaviour of elements of interest. 

Great Dirt Resources Managing Director Marty Helean says: “We’re dedicated to tapping into the hidden potential of crucial minerals. Our ongoing fieldwork signals a fresh era of discovery and the beginning of our exploration program is a major milestone in our journey.” 

Great Dirt Resources is a newly ASX-listed company with 2 projects — namely Doherty and Basin —  sitting near the town of Barraba in northern New South Wales. Both projects are considered prospective for ‘high-grade’ manganese and have historically produced metallurgical and battery-grade manganese.   

The company’s Doherty project is host to the Doherty mine, which produced 6,000 tonnes of battery and metallurgical grade oxide over 2 decades from 1940 to 1960 before mining ceased due to loss of market. 

Great Dirt Resources began trading on the ASX on 10 November after raising $5 million by issuing 25 million shares at $0.20 per share as part of its initial public offering (IPO). 

Write to Adam Drought at Mining.com.au

Images: Great Dirt Resources
Author Image
Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.