Two exploration licence applications made by Mt Monger Resources Ltd (ASX:MTM) at the company’s East Laverton Project have recently been granted by the WA Department of Mines, Industry Regulation and Safety (DMIRS).
These tenements are in addition to the licences granted last month and are prospective for gold and rare earth element (REE) mineralisation.
Exploration licences E38/3506 and E38/3519 are located approximately 30km to the northeast of the township of Laverton and are part of the company’s Pt Kidman prospect area.
The ground is interpreted to cover gneissic rocks and remnant slivers of Archaean greenstone units that are prospective for gold, base metals and rare earth elements. Extensive younger cover obscures the bedrock and historical exploration of the area is limited.
The company has also recently completed a heritage agreement with the Traditional Owners in the Laverton area that affects part of E38/3519. It can now to extend its current exploration programme at the East Laverton project to include the new licences.
Meanwhile, the company is still awaiting the grant of 4 exploration licences at the East Laverton project.
For further information please visit: https://mtmongerresources.com.au/
