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Finance Investment, Oil Mining Resources

Rincon Resources Limited (ASX: RCR) – West Arunta EIS Co-funding for Avalon Drilling

Rincon Resources Limited (ASX: RCR) < 1 mins read

Highlights:

  • Successful application for up to $180,000 in co-funding through the Western Australian Government's Exploration Incentive Scheme (EIS).
  • The grant will fund drilling at the Avalon, Sheoak, K1, and K2 targets, identified through high-resolution gravity surveys.
  • The company is coordinating with the Tjamu Tjamu Aboriginal Corporation to conduct a heritage survey and obtain clearance before drilling.
  • Rincon acknowledges and appreciates the Western Australian Government's support in promoting exploration for sustainable resources.

Perth, WA (May 9, 2024) — Rincon Resources Limited (ASX: RCR), an ASX listed exploration Company with interest in three exploration assets in Western Australia that are highly prospective for copper, gold, Nb, REE’s, and critical metals, has secured a co-funding grant of up to $180,000 through the Western Australian Government's Exploration Incentive Scheme (EIS) to conduct reverse circulation (RC) drilling at the Avalon, Sheoak, K1, and K2 targets in the West Arunta region. The company has identified these targets as prospective for Niobium-Rare Earth Element/Iron-Oxide Copper Gold (Nb-REE/IOCG) mineral deposits.

Rincon’s Managing Director, Gary Harvey said: “We are very pleased to have been successful in this recent Round 29 of the WA Government’s Exploration Incentive Scheme (EIS) and is a strong endorsement by the government of the West Arunta Region’s potential to be the next significant critical minerals province in WA. It is also a real boost to Rincon’s efforts to discover the next major Nb-REE or IOCG deposit in the West Arunta Region.”


About us:

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


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

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