Hamelin Gold receives 2 EIS grants up to $180,000 each to advance prospects within West Tanami Gold Project

Hamelin Gold (ASX:HMG) has received 2 grants of up to $180,000 each under the Western Australian government’s Exploration Incentive Scheme (EIS).

One grant is to advance the understanding of the gold-bismuth distribution at the Sultan prospect within the West Tanami Gold Project, and the second is to test 3 new rare earth element (REE) targets.

Speaking to Mining.com.au, Managing Director Peter Bewick says the funding from the EIS allows Hamelin Gold to pursue targets and ideas it may not have the ability to fund otherwise.

“It also provides an endorsement of the technical merits of the programs as the applications are highly competitive and reviewed by independent technical experts.

“Being recognised for 2 grants means that our applications were of high merit and provides us with that independent validation and potential importance to the state”

The grants are aimed at advancing the geological understanding of greenfields exploration areas. Being recognised for 2 grants means that our applications were of high merit and provides us with that independent validation and potential importance to the state.”

The EIS is a state government initiative that started in 2009 that aims to encourage exploration in Western Australia for the long-term sustainability of the state’s resources sector.

Bewick tells this news service that under the EIS, companies receive a deduction on their second application “to spread the money around”.

He says with the funding now locked away, Hamelin Gold will be lodging its March quarterly report imminently and then lodging a commencement of field activities announcement in less than 2 weeks’ time.

“These 2 announcements will outline the immediate plans for our field programs which will include extensive soil geochemical programs and RC and aircore drilling over a series of large scale gold targets. This drilling will be the first systematic drill test of a number of the large scale, gold-bismuth and structural targets generated from our recent whole-of-project technical review.”

Hamelin listed on the Australian Securities Exchange (ASX) in November 2021 with its primary asset being a landholding of 2,500km-square in the well-endowed Tanami Province, which is prospective for tier-one gold and rare earth element deposits.

The Tanami also hosts Newmont’s (NYSE:NEM) 14 million-ounce Callie Operations. As Bewick tells Mining.com.au, the company’s flagship project is a belt-scale greenfields opportunity hosting the same geology and key structures as Callie.

Uniquely, Hamelin’s landholdings have had minimal modern exploration completed to date.

Write to Adam Orlando at Mining.com.au

Images: Hamelin Gold Ltd
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.