- Global Energy Metals has announced a drilling contract with Schonknecht Drilling Pty Ltd. for work at the Millennium Project in NW Queensland
- Drilling is scheduled to commence in April
- Global Energy Metals’ joint venture partner, Metal Bank Limited is fully capitalized to pursue and fund this work program
- Global Energy Metals holds a diversified global portfolio of exploration and growth-stage battery mineral assets
- Shares of Global Energy Metals (GEMC) are up 4.26 per cent, trading at C$0.245 at 10:25 am EST
Global Energy Metals has announced a drilling contract with Schonknecht Drilling Pty Ltd. for work at the Millennium Project in NW Queensland.
Drilling is scheduled to commence in April.
With over $10 million raised at the end of last year, Global Energy Metals’ joint venture partner, Metal Bank Limited is fully capitalized to pursue and fund this work program.
The 2022 drilling program is aimed at expanding existing resources at the Central and Southern Areas and defining new resources in the Northern Area with the overall goal of converting the exploration target into resources.
Commenting on the Millennium exploration program for 2022, Metal Bank’s Chair, Inés Scotland said:
“The 2022 work program at Millennium is aimed at increasing the existing Millennium Resource of 5.9Mt @ 1.08% CuEq1. As Australia looks to establish itself as a global critical minerals supplier, at a time of supply constraint and unprecedented copper and cobalt prices, the Millennium project’s current Resource already provides significant value not yet factored into the current share price. With a combination of resource growth and the project’s granted Mining Leases the project presents a real opportunity for near-term development.”
Global Energy Metals holds a diversified global portfolio of exploration and growth-stage battery mineral assets.
Shares of Global Energy Metals (GEMC) are up 4.26 per cent, trading at C$0.245 at 10:25 am EST.