EKJV Exploration Report December 2024 Quarter

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Stock Tribune Resources Ltd (TBR.ASX)
Release Time 23 Jan 2025, 3:22 p.m.
Price Sensitive Yes
 EKJV Exploration Report December 2024 Quarter
Key Points
  • 4,158 metres of RC drilling completed at Hornet deposit in preparation for open pit mining in FY25
  • Drilling results positive with high-grade mineralised zone defined
  • Future work includes Mineral Resource updates and discovery drilling at Ambition prospect
Full Summary

Tribune Resources Ltd has released the EKJV Exploration Report for the December 2024 quarter. The key work completed during the quarter includes 4,158 metres of Reverse Circulation (RC) drilling into the Hornet deposit, in preparation for open pit mining in FY25. The drilling targeted the Inferred mineral resource within the Mary fault mineralisation, with a dense drill spacing of 5 metres by 5 metres required to determine the continuity of mineralisation. The drilling results are positive, with a high-grade mineralised zone defined. These drilling results will be included in a Mineral Resource update and form part of an updated mining sequence. Future work includes Mineral Resource updates for the EKJV including the Raleigh and RHP underground and Hornet open pit. Resource development is scheduled at Raleigh (quarter 3 FY25) to delineate the up-dip continuation of the Sadler ore zone, and discovery drilling is scheduled for the Ambition prospect (quarter 4 FY25) to test the Centenary Main Vein position.