Mantle Minerals Secures WA Grant and Final Tenement for Mt Berghaus Drilling
Mantle Minerals has won a co-funded drilling grant from the WA Government and completed its Mt Berghaus tenement package, setting the stage for targeted exploration in the Pilbara.
- Awarded co-funded Exploration Incentive Scheme (EIS) grant
- Two reverse circulation (RC) drill holes planned at Mt Berghaus
- Final tenement E45/6645 granted, completing project landholding
- Targets validated by recent gravity and magnetic surveys
- Drilling to test high-priority shallow gravity and magnetic anomalies
Government Grant Boosts Exploration Prospects
Mantle Minerals Limited (ASX: MTL) has received a significant endorsement from the Western Australian Government with the award of a co-funded Exploration Incentive Scheme (EIS) grant. This funding will support the drilling of two reverse circulation (RC) holes at the Mt Berghaus Project, located in the mineral-rich Pilbara region. The EIS grant is a competitive program aimed at accelerating greenfield exploration, and Mantle’s success signals strong confidence in the company’s targeting approach.
Strategic Targets Identified by Geophysical Surveys
Recent geophysical work at Mt Berghaus has delineated four key targets using gravity and magnetic data. Among these, MTB_T2 and MTB_T3 stand out as priority drill sites. MTB_T3 is particularly compelling, situated adjacent to historical mineralised drill intercepts including 4 meters at 1.2 grams per tonne gold and 3 meters at 0.9 grams per tonne gold. These results underscore the prospectivity of the system and justify the planned drilling to validate the interpreted magnetic intrusives and alteration zones.
Completion of Tenement Package Secures Landholding
In a parallel development, Mantle has secured the final tenement E45/6645, completing its landholding at Mt Berghaus. This follows a protracted application process complicated by objections related to infrastructure corridors. The resolution of these issues and the granting of the tenement consolidate Mantle’s control over the project area, providing a solid foundation for ongoing exploration activities.
Next Steps and Market Implications
With funding and land tenure secured, Mantle plans to finalise drilling preparations and commence the two-hole campaign targeting the high-priority gravity anomalies. Concurrently, geological mapping and sampling will continue to refine exploration targets. The shallow depth of these targets beneath cover enhances the potential for rapid results, which could materially impact the company’s valuation and strategic positioning in the Pilbara gold exploration sector.
Bottom Line?
Mantle Minerals’ secured funding and land tenure set the stage for a pivotal drilling campaign that could redefine its Pilbara prospects.
Questions in the middle?
- What initial assay results will the upcoming drilling campaign yield?
- Could further tenement acquisitions expand Mantle’s footprint in the Pilbara?
- How will the company leverage these exploration results to attract investment or partnerships?
