Macro Metals (ASX:M4M) has received heritage survey clearances required for drilling priority targets at its Mogul VMS Project in Western Australia.
The $7.40 million market capitalisation company will undertake a drilling program, co-funded through the Western Australian Exploration Incentive Scheme grant of $180,000, which will test priority bedrock induced polarisation (IP) targets beneath ‘high-grade’ rockchips and drilling at the project.
Macro Metals Chairman Peter Huljich says receiving the heritage clearance allows the company to access priority targets at the project.
“The Nyamal Aboriginal Corporation were instrumental in completing the heritage surveys and I thank them for their help and cooperation.
With the Program of Works applications now submitted to the Department of Mines, Industry Regulation, and Safety (DMIRS), we look forward to updating shareholders on the final approvals to commence our co-funded drill campaign.”
Upon acquiring the project, Macro commissioned an IP survey — announced on 30 August 2023 — which outlined 2 priority exploration targets, with one anomaly down dip from a previously announced ‘high-grade’ surface mineralisation and drilling.
Macro Metals is a Perth-based mineral explorer aiming to become an African iron ore producer through its wholly owned Agbaja Iron Ore Project in Kogi State, West Africa.
Write to Aaliyah Rogan at Mining.com.au
Images: Macro Metals
