PNX Metals Limited (AU:PNX) has released an update.
PNX Metals Limited has secured a grant from Grants NT for a deep drilling project at the Thunderball uranium deposit as part of the Northern Territory’s initiative to boost resource exploration and development. The funding will cover half of the costs for a 750 m diamond drill hole aimed at discovering extensions and high-grade uranium lodes, with drilling set to commence post-merger with Kin Mining NL in September 2024. This effort is anticipated to enhance the understanding of uranium mineralisation in the Hayes Creek project area.
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