Great Dirt Resources has confirmed high-grade manganese mineralisation in NSW and identified 24 new exploration targets through advanced R&D techniques, supported by a $315k tax rebate and a strong cash position.
- High-grade manganese assays up to 51.8% Mn at Basin and Neranghi projects
- 24 high-priority manganese targets identified via advanced geophysical and 3D modelling
- Received $315,282 R&D tax incentive rebate from Australian Taxation Office
- Strong cash balance of $2.55 million supports ongoing exploration
- Divested two tenements in Western Australia to focus on core projects
High-Grade Manganese Confirmed in NSW
Great Dirt Resources Ltd (ASX – GR8) has reported encouraging results from its Basin and Neranghi manganese projects in northern New South Wales. Recent rock chip sampling of historic workings revealed manganese oxide assays reaching as high as 51.8% Mn, confirming the presence of substantial high-grade mineralisation. These findings reinforce the potential of these sites, which have a history of producing metallurgical and battery-grade manganese.
Innovative R&D Drives Exploration Strategy
Beyond surface sampling, Great Dirt has made significant strides in its research and development program. Partnering with Eureka Consulting Pty Ltd, the company has integrated geochemical data with refined geophysical surveys and 3D structural modelling to better understand the subsurface architecture. This multidisciplinary approach has led to the identification of 24 high-priority manganese targets, which are now slated for detailed ground examination and potential drilling.
Financial Strength and Strategic Focus
Supporting these exploration efforts, Great Dirt received a $315,282 R&D tax incentive rebate from the Australian Taxation Office, reflecting the company's commitment to innovation in geological modelling and exploration techniques. The company ended the quarter with a robust cash position of $2.55 million, ensuring it is well-funded to continue advancing its manganese projects. Concurrently, Great Dirt streamlined its portfolio by divesting two tenements in Western Australia, allowing a sharper focus on its NSW manganese assets and lithium interests in the Pilbara region.
Looking Ahead
While no production or development activities were reported during the quarter, the groundwork laid by Great Dirt’s R&D initiatives and exploration results sets a promising stage for future drilling campaigns. The company’s innovative use of proprietary geophysical filters and 3D modelling could unlock previously undiscovered manganese deposits, potentially enhancing the value of its project portfolio.
Bottom Line?
Great Dirt’s blend of high-grade discoveries and advanced exploration techniques positions it well for the next phase of manganese development.
Questions in the middle?
- How will the 24 identified targets translate into drill-ready projects and resource estimates?
- What is the timeline and budget for upcoming drilling programs at Basin and Neranghi?
- How might divestment of WA tenements impact Great Dirt’s overall strategic focus and valuation?