Government Drilling Underway at Coompana
- Mithril and OZ Minerals Limited will assess Coompana for nickel - copper deposits
- Geological Survey of South Australia (GSSA) and Geoscience Australia (GA) have commenced a fully funded regional diamond drilling program at Coompana
The GSSA/GA-funded drilling forms part of a pre-competitive science data acquisition program and follows the acquisition of high quality aeromagnetic data in 2016 and detailed gravity data in early 2017.
The aim of the program is to provide the mineral exploration industry and research community with new pre-competitive scientific data that better defines the geology and prospectivity of the Coompana region.
Subject to successfully negotiating a Part 9B Agreements with the Coompana Native Title Holders, Mithril and OZ Minerals Limited (ASX:OZL) will assess Coompana for magmatic nickel - copper deposits, with OZ Minerals having over 6,000km2 of granted tenements in the area and in which, Mithril has a right to earn a 20% interest.
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About Mithril Resources Limited
Mithril Resources Limited (ASX:MTH) is an Australian resources company whose objective is the creation of shareholder wealth through the discovery and development of mineral deposits. Mithril are exploring for a range of high-value commodities (principally nickel, cobalt, copper and zinc) throughout the Meekatharra, West Kimberley and Kalgoorlie Districts of Western Australia. The Company is also exploring South Australia's far western Coompana Province for magmatic nickel – copper deposits with OZ Minerals Limited.
Oz Minerals Limited
Mithril Resources Limited