Rincon Resources reported advancements in its drilling and geophysical survey programs.
The company's recent activities include the completion of maiden diamond and reverse circulation drill programs, with pending assay results.
Recent geophysical surveys have identified numerous new targets, and plans for the second phase of drilling, which is set to commence in July, are underway.
"The new Avalon target is one of the best bullseye targets for carbonatite-Nb-REE or IOCG mineralisation styles that we have seen in the West Arunta region," said Rincon Resources Managing Director Gary Harvey.
The company has also received government program-of-works approval, enabling the upcoming drilling phases.