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NT Government backs emerging copper project

Copper explorer NT Minerals has welcomed funding from the Northern Territory Government’s geophysics and drilling collaborations (GDC) program.

The program is funded by the NT Government’s Resourcing the Territory program, which sees the Government invest $9.5 million per annum.

Under round 17 of the program, NT Minerals has been awarded $100,000 to complete an airborne gravity gradiometer survey (AGG) over the Sly Gap area.

The Sly Gap area is located around 20km south-southwest of the Redbank copper project’s breccia pipe system within the McArthur River Basin.

According to NT Minerals, an internal regional review identified the Sly Gap area as having potential for sediment hosted copper mineralisation, saying the area was “under-explored and deficient” in some datasets.

The company also said the AGG technology will provide a cost effective and time efficient platform for delivering an important dataset over a 640 square kilometre range at Sly Gap.

“NTM is grateful to have received support from the NT Government through its GDC program,” NT Minerals (NTM) executive chairman Mal James said.

“NTM intends to apply the grant towards the completion of the AGG survey over an exciting target concept developed by our exploration team. The company looks forward to providing updates on this work and the other 2024 field programs over the next few months.”

Earlier this week, Tivan announced it had been awarded $129,000 by GDC program to carry out a two-hole diamond drilling program at the Aileron prospect within the Sandover silver-lead project.

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