Tribune Resources Ltd (ASX:TBR) Quarterly EKJV Exploration Report
Exploration Overview
Tribune Resources Ltd (ASX:TBR) has revealed significant advancements in its quarterly EKJV Exploration Report. The East Kundana Joint Venture (EKJV), situated 25km west-northwest of Kalgoorlie, has seen 4,158 metres of Reverse Circulation (RC) drilling focused on the Hornet deposit in preparation for upcoming open-pit mining scheduled for FY25.
Drilling Results
The RC drilling at Hornet has successfully defined a high-grade mineralized zone within the Mary fault mineralisation. The positive outcomes from this exploration will contribute to a Mineral Resource update and are crucial for formulating the updated mining sequence.
Future Work Plans
Looking ahead, Tribune Resources intends to carry out resource updates for the EKJV, including Raleigh and RHP underground as well as the Hornet open pit. Resource development at Raleigh is planned for Quarter 3 FY25. Discovery drilling for the Ambition prospect is slated for Quarter 4 FY25, targeting the main structure that hosts the Kundana mineralisation.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.