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Dalaroo backed up for Manning metal

21 October 2022 10:42
ASX: DAL

Dalaroo Metals are the recipient of an Exploration Incentive Scheme Grant of $175,000 for five diamond holes to test the Manning Prospect’s platinum group element-nickel-copper-gold anomalies at Namban in the Western Australian wheatbelt.

Drilling is expected to confirm the presence of magmatic hosted PGE-Ni-Cu-Au and hydrothermal deposits north of Gonneville — the third millennium’s largest nickel sulphide discovery and the largest PGE discovery in the nation’s history.

Since the Gonneville discovery, exploration has heightened in the region with high quality returns of magmatic nickel sulphides, gold, and copper further underpinning its prospectivity.

With no previous drilling at or near Manning and no modern exploration at Namban for PGE-Ni-Cu-Au until Dalaroo’s arrival, co-funded drilling will continue to build up the mining community’s geological understanding of the area.

The company said it was a great outcome not just for shareholders, but for the entire industry.

“These grants from the Government allow the deployment of capital to discover new deposits and prove up new geological models,” managing director Harjinder Kehal said.

“This added investment in exploration in the wheat belt region will enhance our ability to find new mineral deposits and meet demand for critical green metals, such as nickel and platinum group elements.”

Dalaroo have the drilling at Manning set to fire up after the West Australia’s 2022 harvest season is completed.

DAL’s Australian Stock Exchange-listed share price was trading at 13c today (10.03 am UTC+ 8 hours).

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