Inca Minerals has been awarded a co-funding grant of up to $176,729 by the Northern Territory Department of Industry, Tourism, and Trade to support priority drilling at the Kestrel target within its Jean Elson Project.

The grant is part of the geophysics and drilling collaborations program. The Kestrel target gained prominence following further analysis of geophysical data.

A comprehensive drill program is planned, starting with an 800m drill hole targeting identified anomalies.

Plans will depend on initial results, potentially expanding to include several other geophysical targets in the area.