Skip to content
Finance Investment, Oil Mining Resources

Rincon Resources (ASX:RCR) Completes Heritage Survey, Set to Begin Drilling at West Arunta Project

Rincon Resources Limited (ASX: RCR) 2 mins read

Perth, Western Australia — Rincon Resources Limited (ASX: RCR), a ASX listed minerals explorer, is thrilled to announce the successful completion of a heritage clearance survey at its high-priority West Arunta Project, which encompasses the promising Avalon, Sheoak, K1, and K2 targets.

The completed survey, focusing primarily on the Avalon Nb-REE/IOCG target—a notable gravity anomaly akin to the significant Luni carbonatite, is a critical step forward in the company's exploration strategy. The survey facilitates the forthcoming drilling program aimed at further uncovering the potential mineral wealth beneath these grounds.

Rincon’s Managing Director, Gary Harvey said:

“I can’t thank the Tjamu Tjamu Aboriginal Corporation and the Kiwirrkurra People enough for being able to squeeze this survey into their very busy schedule. It is a testament to the strong relationship we have built with the community at Kiwirrkurra.

“Subject to the final report, this survey could allow the Company to start drilling at Avalon in several weeks’ time and if we achieve early success, allow us to keep drilling for the next 12-18 months uninterrupted.”

Rincon's rapid progression from survey to drill-ready status is partly thanks to the recent co-funding grant received under Round 29 of the Western Australian Exploration Incentive Scheme, which provides up to $180,000 for drilling at these key targets.

The company is in the final stages of planning an extensive reverse circulation (RC) and diamond core (DD) drilling program. Discussions with various drilling contractors are underway, with operations expected to commence swiftly after the final survey report is approved.

This announcement follows just weeks after a detailed ground gravity survey highlighted the Avalon target as a significant point of interest, further supported by financial backing from governmental incentives aimed at promoting resource exploration.

Rincon Resources continues to strengthen its portfolio of exploration assets in Western Australia, each representing a strategic component of the global energy transition through potential copper, gold, niobium, and rare earth elements.


About us:

Rincon has 100% interest in three exploration assets in Western Australia that are highly prospective for copper, gold, Nb, REE’s, and other critical metals required for the energy transition. These are the South Telfer Project, West Arunta Project, and the Laverton Project.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Industrial Relations, Oil Mining Resources
  • 22/05/2024
  • 13:58
Mining and Energy Union

BHP suffers another defeat as OS Agreement rejected again

The Fair Work Commission has rejected another application by BHP for approval of an Enterprise Agreement to cover its production workforce. The Mining and Energy Union said the FWC decision, which found that the proposed Enterprise Agreement was not valid because it had not been explained properly to workers, was the latest in a string of legal defeats for BHP’s in-house labour hire operation. MEU Queensland President Mitch Hughes said the decision delivered late Tuesday was a further indication that BHP’s approach in setting up a subsidiary to provide itself with a cheaper workforce was flawed. “This decision further exposes…

  • Finance Investment, Oil Mining Resources
  • 22/05/2024
  • 10:21
Rincon Resources Limited (ASX: RCR)

Rincon Resources Limited (ASX: RCR) – Over-Subscribed A$5.6m Raising to Expand West Arunta Exploration

Perth, Western Australia - ASX listed minerals explorer, Rincon Resources Limited (ASX: RCR) ("Rincon" or "the Company") is pleased to announce the successful completion of an over-subscribed capital raising of A$5.6 million. The funds were raised through the placement of 56,000,000 fully paid ordinary shares at a price of $0.10 per share. This capital injection will primarily fund the expansion of exploration activities at the Company’s promising West Arunta Project in Western Australia. The placement attracted significant interest from institutional, professional, and sophisticated investors, along with continued support from existing shareholders. The shares were issued at the 10-day Volume Weighted…

  • Contains:
  • Finance Investment, Oil Mining Resources
  • 22/05/2024
  • 10:06
Zenith Minerals Limited (ASX:ZNC)

Zenith Minerals Limited (ASX:ZNC) – RC & AIRCORE DRILLING COMMENCED TO TEST GOLD & NICKEL TARGETS

Press Release: Zenith Minerals Announces Commencement of RC & Aircore Drilling at Hayes Hill to Test Promising Gold and Nickel Targets Perth, Australia – May 22, 2024 – Zenith Minerals Limited (ASX: ZNC), an Australian-based minerals exploration company, is pleased to announce that Reverse Circulation (RC) and Aircore drilling has commenced at the Hayes Hill Project, strategically located in the highly mineralized Norseman – Widgiemooltha area of Western Australia. This new drilling campaign aims to explore significant gold and nickel targets recently identified within the project area. Exciting Gold Prospects Between Major Mining Districts The Hayes Hill Project, positioned between…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.