Australian Mines commences resource extension drilling at Flemington
Advanced battery materials developer Australian Mines (ASX: AUZ) has initiated the largest resource extensional drilling program to date at its 100%-owned Flemington Project in New South Wales.
· Targeting extension of the high-grade cobalt mineralised zone including continuity of the Project’s existing Mineral Resource
· 10,000 metres of resource extension drilling being completed over the next 3 months
· Represents the largest drilling program undertaken across the Flemington Project
This new drilling program follows the successful resource expansion drilling at the Flemington Project, which resulted in a tripling of the cobalt mineralisation footprint and confirmed that the project’s high-grade cobalt zone continues to remain open along strike.
Up to 10,000 metres of drilling is planned as part of this resource extensional drilling program and will specifically target the additional west and southwest extensions of the previously identified mineralisation within Australian Mines’ tenement boundaries.
Results from this program are anticipated to become available in early 2020.
Australian Mines Managing Director, Benjamin Bell, commented: “This latest phase of extensional drilling at Flemington represents the largest program ever completed over the project area and is a clear indication of Australian Mines’ confidence in the project’s ability to represent a future potential second production source of nickel and cobalt sulphate for the Company.
“Our previous drilling program had already tripled the cobalt mineralisation footprint and the current program has the potential to further increase the cobalt mineralisation footprint and provide a strong foundation from which a large-scale economic resource may evolve."