Peel Mining Limited (AU:PEX) has released an update.
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Peel Mining Limited has successfully executed formal earn-in JV documents with Red Hill Minerals, allowing the latter to earn up to 75% interest in the Curnamona Project by investing $6.5 million over five years. The Curnamona Project, spanning 1,500 km² in a highly mineralized region of Australia, shows promise for a range of minerals including copper, gold, and zinc, with substantial potential for a significant base metal system. CEO Michael Wall indicates that the exploration team is gearing up for drilling in the new year, following a thorough review of existing data and preparatory access agreements.
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