Evolution Mining has extended its option agreement with Strategic Energy Resources (ASX:SER) for the South Cowal Project (EL9368) in New South Wales.
Initially set to expire on Sept. 26, the agreement will continue for an additional year with a $100,000 cash consideration.
Evolution Mining, actively exploring the tenement, may exercise the option to purchase EL9368 for $1 million cash, having conducted preliminary investigations, including a desktop review, gravity survey, and air-core drilling.
Plans include further drilling and geophysical surveys.