Mount Hope Mining (ASX:MHM) has bolstered its presence in the premier mineral province of New South Wales, announcing the grant of two new exploration licences, EL9874 and EL9875.
The strategic acquisition adds approximately 194km2 of highly prospective ground to the company’s portfolio, increasing its total landholding in the southern Cobar Basin to roughly 606km2.
The expansion aligns with Mount Hope's core strategy of securing high-value tenure along major regional structural corridors known for Cobar-style mineralisation.
A primary highlight of the new tenure is the position of EL9875, which sits along strike from Peel Mining's prominent Wagga Tank–Southern Nights mineralised trend.
The licence area is situated at the critical intersection of the Thule and Dusty Tank structures, further underscoring the geological potential of the region.
Managing Director and CEO Fergus Kiley noted that while the licences contain early-stage targets identified through historical surface geochemical sampling, the ground has seen only limited historical drilling.
The lack of modern activity provides a robust foundation for the company to conduct systematic, first-pass exploration.
Mount Hope plans to immediately commence a comprehensive work program, including data compilation, geochemical reviews, and geophysics to refine targets.
The company aims to rapidly progress these high-priority targets toward definitive drill testing.