Province Resources Eyes Future Drilling, Pauses HyEnergy

Province Resources Ltd (AU:PRL) has released an update.

Province Resources Ltd has temporarily halted the environmental referral process for its HyEnergy project due to increased assessment fees and uncertainties in government timelines. Meanwhile, the company has a healthy cash balance of $10.88 million and is focusing on delineating drilling targets at its Gnama Nickel-Copper project for the later part of 2024. Corporate activities for the quarter included aligning ESG reporting with GRI Standards and winding up subsidiaries related to the expired Skåne Vanadium Project in Sweden.

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